Pesky Data


The Fed favours the PCE over the CPI, but the latter’s January print strengthens the point that, at least in the US, the last mile of disinflation could be arduous. François Villeroy de Galhau implicitly offers a quid pro quo: an early start of rate cuts against a measured pace for the subsequent accommodation and a landing policy rate above the pre-Covid cruise level.

Register or log in to continue reading. Investment Officer is an independent journalism platform for professionals working in the Luxembourg investment industry.

A subscription is free for professionals working at banks and independent asset managers.