海外研报

POWELL CONFIRMS THE EASING CYCLE HAS BEGUN

The economy is not now in recession, but when recession is not an option and inflation is low enough with the funds rate 250BP > inflation, employment must become the policy focus. The F

USD undervalued, especially against the JPY

The USD is undervalued on several crosses. USD/JPY’s undervaluation is large enough to trigger a buy trade, but the UK on holiday and no

How Strong Is Job Growth? (Abecasis)

Payroll growth has averaged 170k/month over the last three months. But ninvestors have raised a number of concerns about this seemingly reassuring

Summer revision courses: Monetary Framework

The ECB’s monetary policy aims at having an influence on credit conditions; put simply, this is how monetary policy functions.