Global economics
How worried should you be about inflation?
Inflation at its present level is certainly a concern. It will be more of a concern if inflation stays high over a sustained period. Already we have seen evidence of inflation eating into the disposable incomes of families and reducing the profitability of some companies. So how worried should you be about the implications of inflation?
Expectations around rising input costs are starting to moderate
Our analysts see tentative signs that companies’ cost pressures may soon ease, but the pressure on central banks will nevertheless remain high.
Is the US bear market here to stay?
In June 2022 we saw the US stock market enter bear market territory, marking a 22% decline from its January peak. However, the question as of today is where and when will the current dip end – if that is indeed what it is?
Just get us home with a soft landing, please.
Faced with the current spate of delays and cancellations, most of us would accept any kind of landing - hard, soft, skidding to a halt - just get us home, please.
Fed delivers on the hint - hard landing risks have risen
The Federal Reserve delivered on hints that it would raise rates by 75bp, reiterating a commitment to bring down inflation. We see increased risks of a hard landing and remain cautious on equities and credit.
