Central Bank Fest With A Bias To Cutting...

Forward guidance seems to have evaporated today! The Central Bankers seem to push their forecasts out again, as inflation remains hot. But Central Bankers seem caught in the headlights of conflicting data and political pressure, especially in the USA. Many households are caught in the cross-fire! How credible is the pursuit of the “2%”? This week is a real feast of central banker announcements, with the Bank of Canada, and the Federal Reserve cutting today, and the Bank of England expected to hold tomorrow, based on the hot inflation data which came out today. The UK is an outlier among […]