Nov 1, 2022 | Excelsior Worldwide
Will there be a dovish pivot? After several weeks of declines, equity markets recovered some ground in October. This happened despite the Federal Reserve confirming tighter monetary policy was needed and economic data coming in mixed. On the other hand, company...
Oct 1, 2022 | Excelsior Worldwide
“Lehman moment” avoided? Last week, the Bank of England took emergency action to avoid a meltdown in the UK pensions sector, unleashing a £65bn bond-buying programme to stem a crisis in government debt markets. It all started after the government announced a new tax...
Sep 1, 2022 | Excelsior Worldwide
A new sovereign debt crisis? The strength of the dollar could lead to a sovereign debt crisis. While the US dollar has been the one consistent winning trade of 2022, it could force several countries hit by economic hardship to default on their debt. As economic...
Aug 1, 2022 | Excelsior Worldwide
What defines a recession? July’s US GDP release started a confusing and curious debate about what a recession actually is. The -0.9% growth reading for Q2 would meet the generally accepted definition of a recession, or two consecutive quarters of negative GDP growth....
Jul 1, 2022 | Excelsior Worldwide
Is the Fed engineering a recession? The US Federal Reserve made a bold statement in June by hiking rates by 0.75%, the biggest rise in almost 30 years. It is widely expected that July’s rate hike will also be for 0.75%, showing just how committed the Fed is to get...
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