The Fed is signalling that it really wants to cut rates

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To no-one’s surprise, the Federal Open Market Committee (FOMC) chose to keep the benchmark policy rate at 5.25% – 5.50% yesterday. More significantly, the latest dot plot revealed the committee

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Markets see the ECB peak

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Last week, the European Central Bank (ECB) raised its three key policy rates for the tenth consecutive time, opting again to raise rates by 25 basis points (bps). The interest

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A short and shallow recession

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The global economic landscape faces challenges heading into the second half of 2023. With Europe weakening, China disappointing, and the U.S. approaching recession, markets are becoming more volatile, and seizing

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2Q review: The rally continues, but risks are growing

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Markets climbed in the second quarter, driven mainly by the tech rally and hopes of an imminent end to monetary tightening. However, notable risks to the rally lay ahead, including

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A very hawkish pause

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At yesterday’s meeting, for the first time since March 2022, the Federal Reserve (Fed) chose not to raise policy rates, instead keeping the benchmark rate at 5.00%-5.25%. However, the Fed

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Headline inflation drops below 5%, reducing risk of another hike in June

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The Consumer Price Index (CPI) for April showed that headline inflation continues to moderate, dipping below 5% for the first time since April 2021. Headline CPI is now below the

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Market risks: A golden era no more

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With the fruitful tandem of low central bank policy rates and muted inflation no longer carrying asset prices higher, as they did in the decade following the Global Financial Crisis,

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Housing affordability: Another headwind of the U.S. economy

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U.S. housing affordability worsened considerably in 2022, driven by expensive home prices and soaring mortgage rates. With the Federal Reserve remaining focused on inflation, a quick recovery from here is

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Global inflation: Past the peak but still very troublesome

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Despite signs that inflation has likely peaked in certain areas of the world, the idea that the global monetary tightening cycle might soon come to an end is misplaced. With

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Investing in emerging Asia amid rising global tensions

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Europe reaches tipping point Tensions between the US and China are heating up and the European Union is facing increasing pressure to choose a side in the wake of COVID-19.

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