US imports of goods rose by 2.4% of GDP in the three months to March, implying a 0.9% lift to foreign output; that boost is about to reverse (see charts). MSCI World is running into resistance from the late March secondary high with the liquidity backdrop looking neutral at best (see charts). Will a final […]
US imports of goods rose by 2.4% of GDP in the three months to March, implying a 0.9% lift to foreign output; that boost is about to reverse (see charts). MSCI World is running into resistance from the late March secondary high with the liquidity backdrop looking neutral at best (see charts). Will a final […]
US imports of goods rose by 2.4% of GDP in the three months to March, implying a 0.9% lift to foreign output; that boost is about to reverse (see charts). MSCI World is running into resistance from the late March secondary high with the liquidity backdrop looking neutral at best (see charts). Will a final […]
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This month’s commentary considers how America-First trade policy has exposed US money and credit imbalances, and how this may signal the beginning of a new regime in global financial markets.
The Fed’s economic forecasts are inconsistent with the suggestion of a 50 bp cut in rates by year-end, according to a model of its historical behaviour.