Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>The evidence on inflation gathered through the month of May has been extremely dovish</li>
<li>We see a high likelihood of US inflation printing below consensus as the broadening of the disinflation theme has continued through May</li>
<li>The April CPI report was held up by Gasoline and Used Cars - both of which have changed trends since the April report</li>
</ul>


The evidence on inflation gathered through the month of May has been extremely dovish
We see a high likelihood of US inflation printing below consensus as the broadening of the disinflation theme has continued through May
The April CPI report was held up by Gasoline and Used Cars - both of which have changed trends since the April report


9 Charts on the US CPI Report: Enough Downside to Prompt a Skip !