All signal, no noise

All signal, no noise

All signal, no noise

Latest insights

MNI interviews former Fed governor Sarah Bloom Raskin on threats to Fed independence.

Apr-17 21:00

It wasn’t just markets paying attention to the Fed’s patient messaging this week.

Apr-17 20:47

It wasn’t just markets paying attention to the Fed’s patient messaging this week.

Apr-17 20:44

A deteriorating growth outlook on trade tensions countered removal of "restrictive" (which was also downplayed in Q&A)

Apr-17 17:41

Slovakia, Germany and Italy are all due to hold auctions in the upcoming week.

Apr-17 15:21

Former BOC deputy governor Paul Beaudry speaks in an interview.

Apr-17 14:00

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FI Market Analysis

We look through the details of the UK inflation and labour market reports. * We compare the UK inflation report to the BOE's forecasts but with only relatively small surprises we note that global factors, the Trump tariffs and how much of the employer NIC contribution increase gets passed through will be bigger determinants of near-term and medium-term monetary policy. Although we do note that these data at least do not raise the bar at all to further cuts. * For labour market data, we focus on the revisions to the AWE data and their impacts. We also take another look at revisions to PAYE payrolls data historically and note that it is too soon to tell whether there really was a big fall in employment in March. Either way, the quantities side of the labour market data continues to deteriorate. * Click for full document: https://media.marketnews.com/MNI_UK_Inflation_Labour_Insight_April_2025_Relea se_ce07a174a0.pdf.

April 17, 2025 05:43

We look through the details of the UK inflation and labour market reports.

April 17, 2025 04:53

We look in depth at the upcoming UK inflation and labour market data

April 14, 2025 06:19

Core PCE tracking has coalesced around a 'low' 0.1% M/M in March after a potentially very strong February

April 14, 2025 10:13

FX Market Analysis

We look in depth at the upcoming UK inflation and labour market data

April 14, 2025 06:19

Tariff-driven volatility in policy, macro and markets continued this week.

April 11, 2025 09:09

A weekly wrap of some of the key macro themes/data outcomes for the Asia Pac region

April 11, 2025 06:05

Markets will be particularly focused on corporate performance headed into the various tariff deadlines.

April 10, 2025 10:58