Divergence - Real or Imagined?!
from Macro Minutes
The latest resilience in the US has kick started a debate about how much other regions that appear to not show the same kind of underlying strength can diverge from the Fed and cut rates regardless. We see the best chances of that happening in Canada, but also provide updated views on the BoE, ECB and RBA. Meanwhile, the gyrations in the JPY keep investors on their toes and we add our voice to the mix of what lies in store. Participants: Peter Schaffrik (Desk Strategy), Head of UK/European Rates & Economics Blake Gwinn (Desk Strategy), Head of US Rates Strategy Jason Daw (Desk Strategy), Head of North America Rates Strategy Cathal Kennedy (Desk Strategy), Senior UK Economist Su-Lin Ong (Research), Chief Australia Economist Blake/Izaac: FOMC Elsa Lignos (Desk Strategy), Head of FX Strategy Research Analyst opinions are their published views, independent of those expressed by Desk Analysts
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