European inflation below 2% in January
The inflation rate in the Eurozone was 1.7% in January 2026. This figure should be compared to 2% in December 2025 and 2.1% for the whole of 2025. The underlying…
Philippe Waechter's blog
A shadow committee against Powell?
The battle has resumed between Trump and Powell. Already in 2018, after appointing him to the Fed board, Donald Trump was very hostile to Jay Powell’s actions. In the current…
International finance in 2025*
Like the real economy, finance is disoriented by recent economic and political developments.Gold is at its highest, and long-term rates in Germany have risen as never before following the announcement…
Inflation is not a monetary phenomenon
Inflation stories are all different. While price increases are tending to normalize in the Eurozone and the United States, China is on the verge of becoming deflationary, and Japan, long…
Chinese growth rethought by the authorities
For many months, since its exit from confinement, the Chinese economy has been worrying. Its growth is weaker and it is worrying because without resolving the imbalance in the real…
Keys of the Week, March 11 2024
My point of attention: Countries in the South are driving growth in the EurozoneNext week’s update: US inflation rate Six themes this week =>What if inflation did not fall in…
Positive real interest rate: a new world opens
New regime change on the debt market, inflation and long-term interest rates are now on an equal footing. A little over two years ago, investors had to successively face a…