Two months, a war in Europe’s eastern rim, and oil at 140 dollar a barrel: These data points seemed to have prompted policymakers in Ballard Estate to align themselves with other central bankers in their collective fight against the common foe –inflation. In February, before Vladimir Putin had ordered the invasion of Europe’s breadbasket to … Read more
As we head into 2022, we will see the start of a meaningful economic and financial transition. A transition not just to post-COVID reality, but also to more normal monetary policy, and to more moderate returns in financial markets. Central banks globally have started taking action to unwind policy support and limit bond purchases. Gradually, … Read more
US interest-rate traders have upgraded to almost 50-50 the odds that the Federal Reserve will raise interest rates by 25 basis points in June. Interest-rate swaps referencing the June meeting of the Federal Open Market Committee price in around 12 basis points of an increase. A full hike is fully priced into the September meeting, … Read more