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...European Central Bank chief economist Philip Lane has said that different scenarios of the Ukraine war were helpful in framing ECB thinking in March 2022, for example....
...Email me: chris.giles@ft.com Crippling uncertainties Last week, I dissected the Federal Reserve’s uncertainties in its forecasts, concluding that if these are genuinely held, the world’s most powerful...
...Email me: chris.giles@ft.com The interest rate landscape Central bankers have given many interviews and speeches in the past week, and one unifying feature is that officials hate U-turns....
...Please send your thoughts, comments and ideas to chris.giles@ft.com....
...The European Central Bank raised borrowing costs last week, but Philip Lane, its chief economist, said on Thursday that interest rates were on track to defeat inflation providing they were “maintained for...
...Our expert Chris Giles has much to say about this, and other central bank matters, in his excellent newsletter. Sign up here to get this sent to your inbox every Tuesday....
...For greater insights on Powell’s challenge, read this from the excellent (premium subscriber) FT newsletter Chris Giles on Central Banks....
...What’s the other message, Philip? Philip Georgiadis So this report is essentially saying this is difficult, but it’s do-able. Trust the process....
...But Fr Giles says the abbey attracts people for retreats “from all varieties of religious traditions and none”....
...(My colleague Chris Giles recently wrote an excellent deep dive into this sort of exercise for a number of major economies — I have stolen, I mean reproduced, his chart below.)...
...In separate notes on Wednesday, Philip Rush, founder of consultancy Heteronomics, said there was still “excessive” underlying inflation pressures in both....
RMT strike on Tuesday led to cancellation of more than 80% of services
...On the one hand, as the Financial Times’ Chris Giles notes in his latest newsletter, core inflation in the city of Tokyo and nationwide have both looked firm....
...Tim Pitt, partner at Flint Global, a consultancy, and former adviser to chancellor Philip Hammond, says that the public investment cuts were shortlived and minuscule compared with the size of the existing...
The IMF is forecasting a ‘hard landing’ for the global economy if high inflation continues
...With core inflation rising and more than twice the European Central Bank’s 2 per cent target, Philip Rush, founder of Heteronomics, a consultancy, said: “Inflation won’t be able to sustainably return to...
...Philip Rush, founder of the consultancy Heteronomics, said that private sector regular wage inflation of 7.2 per cent in the three months to November would worry the BoE and was not compatible with bringing...
...If monetary policy more generally interests you, sign up to the new central banks newsletter (a premium subscriber offer) written by FT economics commentator Chris Giles....
...Finally, a reminder of the launch this week of the FT’s central banks newsletter by Chris Giles....
...With core prices rising at more than twice the European Central Bank’s 2 per cent inflation target, Philip Rush, founder of consultancy Heteronomics, said: “Inflation won’t be able to sustainably return...
...Philip Rush, founder of consultancy Heteronomics, said: “Inflation won’t be able to sustainably return to the target until this core problem is conquered.”...
...and founder of Wadhwani Asset Management, a hedge fund now owned by Prudential Financial Inc; Karen Ward, European economics lead at JPMorgan Asset Management and a former adviser to former chancellor Philip...
...Lagarde’s words were much more aggressive than they had expected and “drove the biggest market reaction”, according to Philip Shaw of Investec, the investment firm....
...Tim Pitt, partner at Flint Global and a former adviser to Philip Hammond as chancellor, said Hunt’s speech was a “refreshing balance of realism and optimism”, “identifying areas [of] policy [that] can make...
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