interest rate cuts

Uncertainty over second-round effects

Unemployment steady at 3.9%

'US exceptionalism is past its peak'

‘Pronounced’ disinflation period

January figures revised up to 0.3%

Debate over first mover

‘Inflation moving down’

Core inflation down to 2.9%

What a difference a year makes. A year ago, we were bracing for the most anticipated recession in history with the 10-year US Treasury yield threatening to push below 3%. Flash forward a year later, the US 10-year yield briefly hit a multi-decade high...

Voted to hold in March