Sky-High Corn Price adds to Inflation Pressures

With the US and Chinese trade positions hardening, market sentiment has swung into risk-off mode with oil sliding, equities weak and USTs bid. Moreover, this has further fuelled speculation that the next move at the Fed will be a cut, with the OIS market now pricing...

Dovish Fed Pricing and Rising Gasoline Prices Do Not Agree

This post was taken from our April 16th Weekly. The market is currently pricing in a 65% probability of a 25bp policy rate cut in the US over the next 12 months. However, the Fed may have to throw caution to the wind late this year or early next year as inflationary...