Jun 11, 2012 | Monetary Policy, US Economy
The US CPI is currently just above target at 2.3%, and long-term market expectations of inflation measured by the US inflation swap curve remains mid-range. This is in stark contrast to all-time lows in nominal treasury yields which appear to be pricing in almost the...
Mar 14, 2012 | US Economy
Cyclically, our indicators suggest cautiousness on the recent improvement in the US labour market. Seasonal factors have likely added a considerably to non-farm payroll numbers due to a mild winter, and this effect will be absent in the coming months’ readings....
