Central banks have stolen the limelight over the past few days but with policy shifts that reveal stark differences - and perhaps greater disagreement - about the outlook for their respective economies. Receding headline inflation pressures, in the meantime, has been a key theme in the dataflow. But stubborn core inflation and still-tight labour markets are still clearly leaving central banks nervous about the calibration of monetary policy. We will be picking up on these issues in a forthcoming webinar about inflation next week.
In the meantime our charts this week focus on:
The stance of the Fed’s monetary policy
Financial markets and interest rates
Global inflation expectations
US inflation drivers
The rigidities in the UK labour market
China’s disappointing reopening phase

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