Unveiling this Week’s Charts: Pausing, peaking or pursuing?

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