Global six-month real narrow money momentum rose further in February, suggesting improving economic prospects for late 2025 (see charts). However, an earlier monetary slowdown signals a loss of economic momentum in Q2 / Q3, which US tariffs look set to magnify significantly (see charts). US consumer / business expectations have plunged but unfavourable core inflation […]
Global six-month real narrow money momentum rose further in February, suggesting improving economic prospects for late 2025 (see charts). However, an earlier monetary slowdown signals a loss of economic momentum in Q2 / Q3, which US tariffs look set to magnify significantly (see charts). US consumer / business expectations have plunged but unfavourable core inflation […]
Global six-month real narrow money momentum rose further in February, suggesting improving economic prospects for late 2025 (see charts). However, an earlier monetary slowdown signals a loss of economic momentum in Q2 / Q3, which US tariffs look set to magnify significantly (see charts). US consumer / business expectations have plunged but unfavourable core inflation […]
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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.
The Bank of England expects rises in regulated prices and taxes to push headline CPI inflation up to 3.5% by June but the forecast likely underestimates disinflationary pressure from monetary weakness.