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October 29, 2024 10:09 AM UTC
A fourth successive 25 bp rate cut (to 3.0%) is widely seen at the looming Riksbank meeting (Nov 7), with the risk that it may even be the 50 bp move that was hinted at as part of the two further cuts advertised at the last (September) meeting. What seems clear is that inflation worries have subsi
October 22, 2024 12:02 PM UTC
At best, the EZ economy is diverging ever more clearly as Germany falters while Spain prospers. However, the risks are that the whole of the EZ is weakening. Indeed, in contrast to ECB and consensus thinking of a second successive quarter of 0.2% q/q GDP growth, we see a clear risk that the EZ e
October 17, 2024 1:42 PM UTC
September industrial production was a little weaker than expected with a 0.3% decline, with manufacturing down by 0.4%, but the Fed stated that a strike at Boeing which started in mid-September took 0.3% off the total, and the impact of two Hurricanes took off an additional 0.3%, meaning a modestly