Saif

US retail sales rises 0.2% mom in Feb, ex-auto sales up 0.3% mom.

The ECB cut rates by 25bp, but now sees inflation risks more two-sided. More rate cuts lie ahead, but the ECB still seems to be on a path of normalisation and does not appear to be in a hurry on that path. We still see the bottom of rates at 2.25%.

It should aim to match portfolio maturity to Treasury issuance.

Three misconceptions about the challenges of crypto, and why scaling will be harder than many think.

Lessons from Liz Truss and Hyman Minsky: stability may breed instability,

As U.K. and EU leaders seek to reset relations ahead of President-elect Donald Trump's return to the White House, public sentiment also appears to be shifting.The majority of Britons think the U.K. should prioritize stronger relations with Brussels over the U.S. under a second Trump term, a new survey showed Thursday.Both the U.K. and EU could face "binary" choices under an assertive Trump presidency, however, according to Helle Thorning-Schmidt, former prime minister of Denmark.

The European Central Bank is set to cut interest rates for the fourth time this year, loosening constraints on the region’s struggling economy as inflation nears 2%.

Liquidity is the lifeblood that courses through the veins of trading. It’s the force that keeps markets vibrant, dynamic and capable of serving the needs of investors and traders alike. Here I’ll aim to unravel the intricate tapestry of market liquidity, exploring how it works and how price tirelessly searches for it.

The December RBA Board meeting surprised markets due to the changed tone of the RBA statement, indicating the RBA Board was growing more confident inflation is moving back towards the central bank’s target.In her press conference following the meeting, Governor Michelle Bullock cited several moderating economic factors for the RBA’s shift in thinking.Markets have interpreted the December meeting as decidedly dovish, that is, increasing the chance the RBA will cut interest rates sooner, and likely deeper, than initially thought.