From V-shaped recovery to bond vigilantes
The Federal Reserve remains dovish on monetary policy as bond market vigilantes push yields higher.
The Federal Reserve remains dovish on monetary policy as bond market vigilantes push yields higher.
We believe that pandemic-related bottlenecks have temporarily lifted U.S. inflation. Still, the underlying inflation trend is weak.
It is strategic for the U.K. to have a trade deal with the EU given the short- and long-term negative effects of Brexit.
The U.S. labor market continues to lose steam as fewer Americans were able to find work amid surging Covid-19 cases.
Oil prices are likely to trend slightly higher as OPEC+ mulls maintaining lower output in 2021 and demand recovers in key markets such as China.
Governments are trying to calibrate their policies to support growth as “fiscal cliffs” loom amid a resurgence in the virus.
U.S. election politics are playing out against a backdrop of an easing recovery, rising COVID-19 cases, and a potential new vaccine.
China is leading the economic recovery among emerging-market countries, buoyed by stimulus and stringent COVID-19 measures.
Fiscal and monetary policies will be central to the economic recovery between now and the availability of a COVID-19 vaccine.