Bloomberg (February 9)
“Money managers have cut $300 billion of bearish bets and are now positioned more in line with historic norms — robbing the market of pent-up demand just as the Federal Reserve warns its inflation-fighting battle is far from over.”
Tags: $300 billion, Bearish bets, Demand, Fed, Historic norms, Inflation, Market, Money managers
Pensions & Investments (February 2)
“Money managers in Europe still expect the U.K. economy to contract, despite the Bank of England’s latest 50-basis-point rate hike and a more subdued inflation forecast.”
Tags: 50-basis-point, BOE, Contract, Economy, Europe, Forecast, Inflation, Money managers, Rate hike, Subdued, U.K.
New York Times (February 2)
The “disconnect” between cautious Fed statements and “investor expectations” is rooted in the tension between current data and projections. “Many forecasters expect the labor market, as well as inflation in many kinds of services, to weaken this year as the full effect of the Fed’s rate moves plays out; the Fed, on the other hand, is waiting for clearer signs in the data.”
Tags: Data, Disconnect, Expectations, Fed, Forecasters, Inflation, Investor, Labor market, Projections, Rates, Services, Tension
Wall Street Journal (January 15)
“Despite signs that inflation has started to recede, economists still expect higher interest rates to push the U.S. economy into a recession in the coming year…. On average, business and academic economists polled by the Journal put the probability of a recession in the next 12 months at 61%, little changed from 63% in October’s survey.”
Tags: Academic, Business, Economists, Economy, Inflation, Interest rates, Recede, Recession, Survey, U.S.
Reuters (December 9)
“Wherever you think inflation is coming from, it’s not China – not yet at least…. China said its factory-gate prices showed an annual fall for a second month in a row last month – the latest in stream of numbers revealing the impact of the government’s draconian COVID curbs, now being gradually lifted.”
Tags: China, COVID curbs, Draconian, Factory-gate, Fall, Government, Impact, Inflation, Prices
The Times (November 19)
“Middle-earning families will be nearly £20,000 worse off over the next six years,” according to “research carried out for The Times,” analyzing the tax impact of Jeremy Hunt’s new budget “on people’s incomes, as wages go up with inflation but tax thresholds remain frozen.”
Tags: £20 thousand, Hunt, Impact, Incomes, Inflation, Middle-earning families, Research, Succession, Taxes, Wages, Worse
Market Watch (November 15)
“A bullish day is setting up for stocks after more upbeat news on inflation as producer prices fell more than expected.” But the relief rally is likely overdone. “Wall Street remains wary, with fresh warnings from two big banks.” On Monday, Goldman Sachs cautioned “clients that the relief rally in bonds and risky assets was ‘likely overdone,’” just as “one of Wall Street’s most vocal bulls — Marco Kolanovic of JPMorgan — cut his equity risk exposure for the second time in two months, and he also cited that big market bounce last week.”
Tags: Bonds, Bullish, Goldman Sachs, Inflation, JPMorgan, Kolanovic, Overdone, Producer prices, Relief rally, Risky assets, Stocks, Upbeat, Wall Street, Warnings, Wary
Reuters (November 11)
“Signs of weakness are emerging” across the Chinese economy where “exports fell; inflation slowed; new bank lending tumbled…. Despite the authorities bucking the global trend… and deploying monetary and fiscal easing this year.” The “unexpectedly weak run of Chinese economic data” raises “the heat on policymakers to deliver more stimulus measures, but it also shows the limited effect more monetary easing and infrastructure spending can have.”
Tags: Bank lending, Economy, Emerging, Exports, Fiscal, Global trend, Inflation, Infrastructure spending, Limited effect, Monetary easing, Signs, Stimulus, Tumbled, Weak, Weakness
The Week (November 9)
“Republicans were expecting a ‘red wave’ on Election Day, with the typical gains for the out-of-power party turbo-charged by high inflation and economic malaise. That wave did not materialize, and ‘many pundits and journalists across the spectrum pointed their fingers at former President [Donald] Trump.’”
Tags: Economic malaise, Election day, Inflation, Journalists, Materialize, Out-of-power, Pundits, Red wave, Republicans, Trump, Typical gains
Wall Street Journal (November 1)
The European Union’s statistics agency released figures that surprised most economists. “Consumer prices were 10.7% higher in October than a year earlier.” This marks “the fastest rate of increase since records began in 1997, two years before the euro was launched,” while at the national level “Germany’s measure of inflation was the highest since December 1951.”
Tags: 10.7%, 1997, Consumer prices, Economists, EU, euro, Fastest, Germany, Highest, Increase, Inflation, October, Records, Statistics agency, Surprised
