America’s Inflation Problem Is Becoming Structural Again
For nearly two years, markets repeated the same comforting narrative: inflation was temporary, growth was slowing, and the Federal Reserve would eventually be forced to...
Tag: Payrolls
Held Rates, Rising Risks
The bond market has stopped dreaming of rescue. A few weeks ago, investors were still clinging to the idea that the Federal Reserve would ride...
Mission Accomplished, Unease Remains: The Week America Blinked
Last week delivered one of those rare moments when the macro narrative briefly aligned — and in doing so, exposed its own contradictions. On one...
The American Jobs Market: Still Breathing—For Now
Despite the thick fog of uncertainty wafting from President Donald Trump’s tariff-happy West Wing, the American labour market remained upright in April. Nonfarm payrolls rose...
The Fed’s Balancing Act: From Soft Landing to No Landing?
The “no landing” scenario – where the US economy keeps growing, inflation creeps back, and the Federal Reserve finds itself with no room to cut...
Resilience of the US Economy Dampens Rate Cut Expectations
US 10-year yields rose by five basis points in Asia after surging by 14 basis points on Friday following the US employment data. Federal Reserve...
The August Employment Report Calls for a Fed Pause in September, But…
In the United States, hiring rebounded in August, and wage growth slowed, presenting a mixed picture of resilience and moderation in the labour market.Nonfarm payrolls...