Macro & Markets: Jack-in-the-box on a roller coaster

Macro & Markets: Jack-in-the-box on a roller coaster

From corporate.nordea.com

Market moves have become even more violent, as markets have been faced with fiscal and monetary policies moving rapidly in opposite directions. Bond yields could rise a bit further, but also a correction lower can be swift. “I'm confident that with our growth plan and the upcoming medium-term fiscal plan — with close co-operation with the Bank — our approach will work” – Kwasi Kwarteng, British finance minister on 27 September. What happens when you introduce massive fiscal stimulus into an economy already struggling with overly high inflation? At least chaos in financial markets, if the UK example is of ... (full story)

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$2 Trillion Asset Manager Ready to Buy the Pound at $1
From bnnbloomberg.ca|Sep 30, 2022|4 comments
The pound will need to keep sliding to be worth just one dollar to attract Europe’s biggest asset manager to start buying it. Amundi, which manages about $2 trillion in assets, is ...
Fed's Barkin: At this point risk of inflation festering feels bigger than that of Fed doing too much
From @sevenloI|Sep 30, 2022
tweet at 2:00pm: FED'S BARKIN: AT THIS POINT RISK OF INFLATION FESTERING FEELS BIGGER THAN THAT OF FED DOING TOO MUCH tweet at 2:00pm: FED'S BARKIN: LATEST PCE DATA CONSISTENT WITH "BROAD BASED AND PERSISTENT" INFLATION STILL FED'S BARKIN: MOST RECENT CONSUMPTION DATA "OKAY," BUT MAY SHOW DEMAND WEAKENING FED'S BARKIN: RESERVING JUDGEMENT ON SIZE OF NOVEMBER RATE INCREASE TO SEE FURTHER DATA tweet at 2:03pm: FED'S BARKIN: I'M LOOKING FOR SIGNS OF WEAKENING DEMAND TO SIGNAL A TURN IN INFLATION.
Japan’s data surprises on the upside
From think.ing.com|Sep 30, 2022
Stronger-than-expected industrial production and solid labour market data suggest Japan's economy continued to recover in the current quarter. A further easing of border ...

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US: The worst combination of sticky inflation and slower growth
From think.ing.com|Sep 30, 2022
We've written a lot about the downturn in the housing market posing major risks for US economic activity, but the August personal income and spending report suggests the weakness ...
Dow tumbles 500 points on Friday to end September down nearly 9%
From cnbc.com|Sep 30, 2022|1 comment
Stocks fell in choppy trading Friday as Wall Street closed out a terrible week, month and quarter that brought the S&P 500 to a new 2022 low. The Dow Jones Industrial Average ...
U.K. Market: Growth, But at What Price?
From blog.pimco.com|Sep 30, 2022
The U.K. government announced a new fiscal package last week and, while most of the measures were expected, the market has reacted fiercely. The situation remains fluid, and the ...

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