Greetings,
The United States: Language in the minutes is hawkish, as seen in the broader Fed sentiment index.
The United Kingdom: The UK CPI report topped expectations.
Japan: Manufacturing is back in growth territory.
Emerging Markets: This month, South Africa’s stock market experienced a robust rally, boosted by surging commodity prices.
Commodities: The metals rally is fading.
The dollar has strengthened alongside commodities in recent years.
Global Developments: Many advanced economies’ central banks are expected to cut rates by similar magnitudes. This is despite varying effective policy tightening, measured by the pass-through of rate hikes to mortgage markets.
Food for Thought: Fertility rates in select economies:
Edited by William Villacis
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