January 12, 2021

The Federal Reserve left rates unchanged, but indicated a further rate rise was likely in this calendar year, with interest rates remaining ‘higher for longer’.

EU inflation was slightly softer than expected, dipping to 5.2%, but remains at far too higher levels. Canadian inflation jumped up to 4%, from 3.3%,

A quiet start to what could be a very busy week, as the Fed leads out the Swiss National Bank and the Bank of Japan,

US equity markets closed out the week lower, perhaps alerted by the steady rise in Bond Yields in Europe and the USA? Bond Yields have

The ECB raised rates 25 basis points, surprising many, but the impact was minimal due to the dovish narrative. The ECB raised rates but signalled

US inflation reversed course, and rose in August, further than expectations. Inflation has been falling in the US at a precipitous rate, for the last

Markets opened the week on a positive note looking closely at inflation and growth. In Europe inflation remains high in Norway and the Czech Republic,

Markets closed the week out flat, but bond yields appear to be on the rise again, as do energy prices. Natural Gas prices spiked, as

European markets were focused on growth, with the EU missing a technical recession, by the narrowest of margins. EU Q2 GDP growth came in at

The Fed released the ‘Beige Book’, observing there was modest growth in all areas, price growth was slowing, and hiring was subdued. This is the