The Fed cuts its rate
The #Federal Reserve drops it’s rate by 25bp to 2.00-2.25%. Reasons are too low inflation rate and global uncertainty. It’s a kind of preemptive move which is quite weird. Usually…
Philippe Waechter's blog
The ECB weak capacity to forecast
A few months ago the ECB suggested a rate hike in the fall of 2019. It will finally be a rate cut in September. What is the forecast capacity of…
ECB will reduce its rates as expected
The ECB will cut interest rates in September with probably a differentiated deposit rate regime depending on the amount of deposits. It is considering the resumption of asset purchases. The…
A more accommodative ECB, ok but for what ?
Mario Draghi will most likely announce, for September, measures for a more accommodating monetary policy. A possible rate cut and the resumption of QE would lead to an increase in…
What to expect next week ? (July 15 – July 21, 2019)
Highlights > The Chinese GDP growth number for the second quarter (July 15). During the first three months of the year growth was at 6.4% It should be lower as…
On the GAFA tax and the hostile reaction of the Americans
The reaction of other European countries in this new context of US reaction will be interesting. The new global and multi-polar equilibrium, that is emerging, forces Europeans to be more…
Macro 5 Pager – Macroeconomic Momentum – 8 July 2019
> The world economy’s slightly chaotic showings reflect the likely end to a world balance dominated by the US, as well as the hunt for a new world order. This…
Are US firms of today larger than US firms of yesterday ?
Philippon and Gutiérrez answer a clear no Politicians and activists are warning that mega-companies like Facebook, Wal-mart, and Amazon are returning America to the Gilded Age. They point to record breaking profits and mergers the…