-
The May FOMC meeting brought little by way of surprises – rates unchanged, guidance unchanged, albeit with a marginally quicker QT taper than some had expected. Clearly, the next move in the fed funds rate will still be a cut, with the Committee continuing to seek confidence on inflation returning towards 2%, before beginning to normalise policy. As widely ...
-
The eurozone’s manufacturing economy remained in contraction at the start of the second quarter, although the latest HCOB PMI® survey data provided some positive developments as factory production shrank at the softest rate in a year, while business confidence improved further. However, the sharpest decline in new orders in the year-to-date highlighted the ...
Sessions