The playing field is riddled with imperfect information in real time, long response lags, unclear relationships between economic and financial variables, and a hefty dose of uncertainty linked to behavioral risk. Throw in a high degree of geopolitical risk at the moment vis-a-vis the Ukraine crisis for good measure. Modeling how all this interacts in the months ahead for purposes of setting monetary policy is like trying to grasp all the possible moves in a game of chess.
Daily Archives: February 9, 2022
Macro Briefing: 9 February 2022
* Germany’s chancellor says Russia would pay ‘very high price’ for Ukraine invasion
* Russia raises doubts about Ukraine crisis de-escalation efforts
* Supply chain disruptions to ease in 2H:2022, predicts shipping giant Maersk
* Ottawa’s protests inspire similar demonstrations beyond Canada’s borders
* US reports record trade deficit for 2021
* Nissan will end nearly all new gasoline engine development amid shift to electric
* Savers not expected to benefit from Fed rate hikes in near term
* Small US business owners say inflation is most important business problem
* US 10yr Treasury yield rises to 1.96%, highest since mid-2019:
