Another volatile day for financial markets

Tensions that may ultimately help bring down inflation

The (first?) prominent victim of the 2022 hiking cycle

Will Silicon Valley Bank’s insolvency spill over into broader markets?

Tales of the Unexpected

Inflation looks set to remain quite sticky, with more interest rate hikes to come. This makes for a rather challenging environment for many risky assets.

U.S. Economic Outlook

By: Christian Scherrmann

Labor market tightness and its implications for monetary policy

Plenty of U.S. jobs, still too few takers

Never since the 1940s have so many U.S. job openings coincided with so few job seekers. This help explain why the Fed is likely to continue its hawkishly cautious stance.

How and why “money” matters again

Monetary aggregates can help increase accuracy in inflation forecasts. It is nice to see such ideas finally catching on again, but don’t get carried away either.