Inflation Fears, AI Cheers
The global macro backdrop continues to evolve in ways that would have surprised many investors at the start of the year. Expectations of widespread monetary easing have steadily receded as inflation has proven more persistent and economic activity more resilient than anticipated. In our charts this week we examine:
The growing bias toward monetary policy tightening
Firming US labour demand
Supply side inflation risks
Ebbing US tariff pressures
South Korea’s semiconductor boom
Equity capital flows across Asia
Together, these charts highlight a world economy that remains surprisingly resilient…
The skinny
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