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Article 2 min read

Fed delivers on the hint - hard landing risks have risen

The Fed delivered on hint to raise rates by 75bp to bring down inflation. We see increased risks of a hard landing and remain cautious on equities and credit.

Article 2 min read

ECB: Too much too soon could be a riskier strategy

The European Central Bank lays out its tightening path.

Article 3 min read

50, not 75, is the new 25 - Temporary relief or start of a pivot?

While the Fed will likely hike less than market expectations, we expect the hawkish stance to remain for now.

Article 2 min read

Fed resurrects Volckerism - but for how long?

The US central bank came out fighting after delivering its first rise in rates this cycle, but it is likely to be constrained by a cocktail of risks to growth

Article 2 min read

ECB faces huge dilemma as Russian invasion of Ukraine unfolds

The ECB’s accelerated reduction in asset purchases came as a surprise. There may be more changes to come.

Article 1 min read

Cautious positioning required as Ukraine escalation adds to stagflationary risks

The overnight escalation of the Russia-Ukraine crisis is a worrying development with serious macro and market implications.

Article 5 min read

Sanctions fallout from Ukraine escalation likely to hit capital not commodities

Sanctions fallout from Ukraine escalation likely to hit capital not commodities

Tom Robinson + 2 others | 22 February 2022

Blog 2 min read

Chart Room: Fingers in the punch bowl

Central bankers seeking to deploy rate hikes against inflation risk collateral damage as tighter policy threatens already swollen debt servicing costs.

Blog 3 min read

ECB joins the hawkish bandwagon

Hawkish pivot gives the Governing Council more policy flexibility.

Blog 3 min read

Fed turns from friend to foe

Pace and extent of tightening cycle depends on the inflation dynamics and the terminal level of real rates the economy and markets can digest.

Article 4 min read

Catch-2022 policy dilemma hits markets

Central bank policy stance and geopolitical risks put pressure on markets.

Article 2 min read

Hawkish Fed enters 2022 with a catch

Three rate hikes in 2022 could be a challenge.

Blog 1 min read

Omicron: game-changer or waiting game?

New variant has the potential to be a game-changer for the near-term macro and market outlook.

Article 2 min read

Fed signals a fast taper as 2022 becomes the new lift-off battleground

Fed signals a fast taper as 2022 becomes the new lift-off battleground

Blog 2 min read

Fed disconnects timelines for tapering and rate rises

At the annual Jackson Hole Symposium, Federal Reserve chairman Powell confirmed that the test of "substantial further progress" on inflation has now been met.

Article 6 min read

Mapping US election tail risks: a framework-based approach

Mapping US election tail risks: a framework-based approach

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