Macro Briefing Notes
The Macro Outlook for w/c 25 April 2022
Key themes for the week ahead – Inflation and growth data, BoJ meeting, and ongoing geopolitical risk Recap from last week Last week, US Fed Chair Powell indicated that a 50bps increase will be on the table for the May meeting. Other speeches by Fed officials last...
The Macro Outlook for w/c 18 April 2022
Key themes for the week ahead – US Fed Chair speech, CPIs Japan, Canada, & NZ, prelim global PMI’s Apr, and ongoing geopolitical risk Recap from last week US CPI growth accelerated as expected to +8.5% in Mar from +7.9% in Feb. The acceleration was led by higher...
The Macro Outlook for w/c 11 April 2022
Key themes for the week ahead – Central bank policy decisions, US CPI, and ongoing geopolitical risk Recap from last week... Central banks are moving towards a tightening stance on monetary policy. The FOMC minutes confirmed that the Board will move “expeditiously” to...
The Macro Outlook for w/c 4 April 2022
Key themes for the week ahead – FOMC & ECB Minutes, RBA Meeting, and ongoing geopolitical headline risk Recap from last week The path of inflation remained a central theme last week. The Euro area prelim CPI for Mar came in notably higher than expected,...
The Macro Outlook for w/c 28 March 2022
Key themes for the week ahead – US non-farm payrolls, inflation data, and ongoing geopolitical headline risk Recap from last week In the week following the first US rate hike in this cycle, US Fed Chair Powell signaled that the FOMC is willing to be “more aggressive”...
The Macro Outlook for w/c 21 March 2022
Key events for the week ahead – Geopolitical risks, US Fed Chair Powell speech, global prelim PMI’s for March Recap from last week The invasion of Ukraine continues unabated, and hopes are that a diplomatic resolution can be reached as soon as possible. Commentary...
The Macro Outlook for w/c 14 March 2022
Key events for the week ahead – Geopolitical risks, central bank meetings - FOMC, BoE, and BoJ, RBA minutes, US retail sales Recap from last week The invasion of Ukraine continues to exact an enormous humanitarian toll. We hope for a swift end to this violence, but...
The Macro Outlook for w/c 7 March 2022
Key themes for the week ahead – Geopolitical risk, ECB policy meeting, US CPI Recap from last week The significant humanitarian toll and the economic and political fallout from the invasion of Ukraine continued to roil markets. Against the backdrop of surging...
The Macro Outlook for w/c 28 February 2022
Key themes for the week ahead – Geopolitical risk, central bank decisions, US Fed Chair Powell testimony, US Fed speeches, US President Biden State of the Union speech, US non-farm payrolls Recap from last week Fed speak last week continued to discount the likelihood...
The macro Outlook for w/c 21 February 2022
Key themes for the week ahead – US PCE Inflation data, Fed speak, and continued geopolitical headline risk Recap from last week We noted last week that ‘fed speak’ would be prominent in the lead-up to the next FOMC meeting. Over the next three weeks, the question...
