Stocks rose alongside bond yields last year, because the Fed cut rates into a strong economy. The 10-year US Treasury yield increased 70 basis points in 2024, ending the year…
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The Fed will cut rates by a quarter point this week. But with core PCE inflation settling around a percentage point above target, the new economic projections should be used…
The bull case for the US economy, and the stock market, this year has been outlined on numerous occasions. Clearly, many of the important factors that drove US equity markets…
The uptick in the unemployment rate should not detract from what was otherwise a solid payrolls report. Non-farm payrolls climbed 227k in November, and the average 3-month change firmed to…
The strong Japanese labour market, significant progress on wages, and accelerating core inflation, have helped push two-year JGB yields up to 0.62%. In a recent interview, Governor Ueda noted that…
