The answer, of course, depends on how soon inflation shows convincing signs of behaving. There are hints that we’re now in the early phase of post-peak inflation. Today’s update on consumer price inflation for November will be a reality check, which in turn will factor into the Federal Reserve’s monetary policy decision at tomorrow’s FOMC meeting announcement. Meantime, markets are cautiously optimistic that inflation has peaked, but the outlook beyond this binary view remains murky at best.
Daily Archives: December 13, 2022
Macro Briefing: 13 December 2022
* FTX founder Sam Bankman-Fried arrested in Bahamas
* Binance, world’s largest crypto exchange, halts withdrawals of stablecoin USDC
* China challenges US chip curbs at WTO, charging ‘trade protectionism’
* India and China troops clash at disputed mountain border
* European Union plans to tax imports based on greenhouse gas emissions
* China delays closely watched economic policy meeting due to Covid spike
* Keystone pipeline leak is now biggest oil spill in US since 2010
* US consumers lower 1-year inflation expectations via NY Fed survey
* German investor sentiment continues to recover in December
* US 10yr Treasury yield trades near recent highs ahead of Fed meeting:
