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Positive US money signal fading
Global money growth still weak. US six-month real narrow money momentum slowed sharply while Eurozone / UK recoveries remain disappointing (see charts). Favourable Eurozone inflation surprise. CPI numbers point to an undershoot of the ECB’s Q4 forecast, with services prices falling on the month (see charts). German / French monetary divergence. German six-month narrow money […]
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Positive US money signal fading
Global money growth still weak. US six-month real narrow money momentum slowed sharply while Eurozone / UK recoveries remain disappointing (see charts). Favourable Eurozone inflation surprise. CPI numbers point to an undershoot of the ECB’s Q4 forecast, with services prices falling on the month (see charts). German / French monetary divergence. German six-month narrow money […]
Read More
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Positive US money signal fading
Global money growth still weak. US six-month real narrow money momentum slowed sharply while Eurozone / UK recoveries remain disappointing (see charts). Favourable Eurozone inflation surprise. CPI numbers point to an undershoot of the ECB’s Q4 forecast, with services prices falling on the month (see charts). German / French monetary divergence. German six-month narrow money […]
Read More
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Positive US money signal fading
Global money growth still weak. US six-month real narrow money momentum slowed sharply while Eurozone / UK recoveries remain disappointing (see charts). Favourable Eurozone inflation surprise. CPI numbers point to an undershoot of the ECB’s Q4 forecast, with services prices falling on the month (see charts). German / French monetary divergence. German six-month narrow money […]
Read More
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