BoE Survey Says Stagflation Survives
CFOs keep telling the BoE their prices will rise by 3.5% in 2026, with wage increases similarly substantial. There has been no significant break...
178 Views
Activity Thaws Into Winter
The worst services PMIs thawed in November, broadening growth even as averages held steady. Activity in the US services ISM has trended up to...
241 Views
EA: False Dawn For Disinflation
A surprise rise in EA inflation to 2.2% in November meant October’s long-awaited dip was a false dawn for a disinflationary consensus exceeded by...
224 Views
HEM: Dec-25 Views & Challenges
Volatile markets and policy guidance washed out, with pricing and forecasts little changed on the month. Bailey is biased to ease, but the BoE is...
219 Views
HEW: Slow Shovels
UK fiscal policy had an even smaller hole to fill than we expected, with the work to fill it in delayed until the election. There is no dovish...
433 Views