Rising Yields and Persistent Spending: The New Bond Market Reality
Nov 2024 The era of ultra-low bond yields is over as governments face significant investment demands on top of existing spending commitments
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The Transmission Mechanism of Monetary Policy
June 2023. Our latest investment outlook examines why monetary policy has been blunted
Long and variable lags
December 2022. As monetary tightening impacts with long and variable lags, expectations for a soft landing may be misplaced.
The Return of the Philips Curve
July 2022. The Fed may have to tolerate higher inflation as the trade-off between inflation and unemployment re-emerges.
The Fed tightening cycle: is this the end of gradualism?
31st Jan 2022. The Fed may either have to raise rates or reduce the balance sheet more aggressively to tackle inflation.
Inflation uncertainty: assessing the argument that inflation will eventually moderate
26th November 2021
Will inflation prove to be transitory or persistent?
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