FOMC, May 4, 2022, Press Release – What has changed?

Summary: Economic activity edged down but household spending and business fixed investment remain strong. (Change) Inflation remains elevated, reflecting supply and demand imbalances related to the...


ECB Press Release April 14, 2022 – What Has Changed?

Summary The Governing Council judged that the incoming data since its last meeting reinforced its expectation that net asset purchases under its asset purchase programme should be concluded in the...


Quarterly Market Commentary - 2022 Q1

On March 11, 2020, the World Health Organization, officially declared a global pandemic. Two years hence, we are moving from a pandemic to an endemic. Endemic means that the infection has reached a...


FOMC, March 16, 2022, Press Release – What has Changed?

Summary: References to COVID-19 and vaccine removed. (Change) Job gains have been strong. (Change) Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher...


ECB Press Release March 10, 2022 – What Has Changed?

Summary ECB will ensure smooth liquidity conditions and implement the sanctions decided by the European Union and European governments. (New) Monthly net purchases under the APP will amount to €40...


FOMC, January 26, 2022, Press Release – What Has Changed?

Summary: Indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months but have been affected by the...


Quarterly Market Commentary – 2021 Q4

Last quarter, we anticipated the birth of a new variant that requires yet to be developed vaccines to protect against.  Unfortunately, the new mutated variant, Omicron, has proven to be...


ECB Press Release December 16, 2021 – What Has Changed?

Summary Progress on economic recovery and towards its medium-term inflation target permits a step-by-step reduction in the pace of its asset purchases over the coming quarters. (New) discontinue net...


FOMC, December 15, 2021, Press Release – What Has Changed?

Summary With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have...


FOMC, November 3, 2021, Press Release – What Has Changed?

Summary – Published November 11, 2021 With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The rise in COVID-19...