The US economy erases the crisis
US GDP is up 1.7% in Q4 (6.9% annualized). GDP growth is 5.5% YoY in Q4 and 5.7% on average for 2021. The carryover growth for 2022 is 1.9%. GDP…
Philippe Waechter's blog
The Federal Reserve takes over
At its January 25-26 meeting, the US central bank confirmed that it would raise interest rates as of its mid-March meeting. Above all, it indicated that very soon after it…
Inflation continues, the Fed could weigh on growth
US inflation is mainly conditioned by the pace of the price of goods and that of oil. The rush of households on goods, while inventories were reduced, is the source…
The US labor market lacks of momentum
The US labor market is slow to normalize despite a higher #participation rate. The deviation from the trend of the previous cycle stabilizes at more than 9 million missing jobs.…
Will the Fed ever be restrictive?
The options taken by the Fed at its meeting on December 15 validate investors’ expectations Anticipations that the Fed itself had forged with these same investors in recent weeks. We…
US stimulus, rising rates, the dollar and the euro area
With US yields rising, the rest of the world follows in their wake.This surge is driven by two factors: 1 – the swift upturn in oil prices, which translate expectations of…
From Today to Tomorrow – November 18 – A New Global Equilibrium
The new free trade treaty is between Asia and China, the precedent should have been between Asia, excluding China, and the USA. Donald Trump decided otherwise upon his arrival at…