Fault Lines and Rate Cuts
Recent weeks have seen a complex recalibration in global financial markets, as investors weigh the implications of renewed US tariff actions against accumulating signs of economic softness and growing confidence in the prospect of central bank easing. In our charts this week we home in on:
The global policy rate consensus
The US labour market and Fed easing expectations
Oil prices and inflation surprises
Services inflation in the euro area
Global trade conditions
China's domestic imbalances
The skinny
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