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

Macroeconomics

<ul><li>The June CPI report (released on Wednesday) is the final easily disinflationary report before base-effects start working against the trend for almost a quarter. Here is our chart-package on how things are going to play out..</li><li>Welcome to our chart-pack on US inflation ahead of the all-important release of the June CPI report on Wednesday.</li><li>It is last chance saloon for the disinflationistas as the base effects will turn harder to beat in the coming months but we see a good chance of an inflation surprise below the 3% handle in headline terms, which should provide us with a decent exit liquidity in long duration proxies in both bonds and equities in case.</li></ul>

The June CPI report (released on Wednesday) is the final easily disinflationary report before base-effects start working against the trend for almost a quarter. Here is our chart-package on how things are going to play out..Welcome to our chart-pack on US inflation ahead of the all-important release of the June CPI report on Wednesday.It is last chance saloon for the disinflationistas as the base effects will turn harder to beat in the coming months but we see a good chance of an inflation surprise below the 3% handle in headline terms, which should provide us with a decent exit liquidity in long duration proxies in both bonds and equities in case.

Inflation Watch: Last Chance Saloon for the Easy Disinflation - Watch Series