Following yesterday’s US CPI release we update some of our favourite charts on inflations and inflation expectations

Inflation pressures are subsiding, especially in the goods sector..

In November, manufacturing new orders in Asia and the Americas extended their contractions at 44.6 and 45.2 respectively. In Europe new...

The Fed doesn’t care that much that inflation has probably peaked; the important question is "where will it settle”?

FOMC member James Bullard makes the connection between the current inflation and the effect of major wars.

Wars are inflationary, period. That is one of the clearest lessons of history, as we document below.

At the global equity market peak last year, financial assets were strongly outperforming the real economy, a state we refer to as bearish...

The Fed now has an explicit dual mandate (low inflation and full employment). What if we assumed that de facto it has always had a dual...

The US labour market is still running hot, with very large numbers of quits and new hiring compared to normal. But the data suggests that...

Panic is the short answer. Some thoughts on the longer answer below…..

Today’s US CPI report delivered another shock to markets by giving investors even more reason to fear a Fed policy mistake.

Today's Flash PMIs confirmed that order backlogs peaked in summer 2021 and have plummeted over the last 8 months. Output prices were...

Today’s CPI report in the US surprised on the downside, a welcome change from the dismal run of higher than expected inflation readings...