Greetings,
The United States: Historically, inflation has risen roughly six months after the first Fed rate cut if the economy does not fall into a recession within a year of the cut. This implies that inflation could rise by the end of Q1 2025, potentially resulting in a pause in the Fed’s rate-cut cycle.
China: China’s bonds have outpaced global peers this year as yields continue to decline.
Equities: Equity funds registered outflows last week.
Cryptocurrency: Political uncertainty in South Korea boosted the local bitcoin premium to global markets (Kimchi premium).
Energy: US natural gas futures are soaring amid forecasts of colder-than-normal weather in the East and Midwest.
Emerging Markets: Turkey’s central bank has begun lowering interest rates.
Alternatives: Structured product issuance has been growing steadily.
Food for Thought: Data centers’ water consumption for cooling:
Edited by William Villacis
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