Stupidity shocks - Monex Europe
2 Articles
2 Articles
Stupidity shocks - Monex Canada
As we warned in our forecasts for this month, whatever the President’s tariff plan, it would likely take some time for markets to fully price the impact. We still think markets are under-pricing the negative growth consequences outside the US, while also underestimating the impact rising prices will have on FOMC easing prospects. Underscoring this point, swap-implied expectations for Fed easing now price a base case of between four and five Fed …
Stupidity shocks - Monex Europe
As we warned in our forecasts for this month, whatever the President’s tariff plan, it would likely take some time for markets to fully price the impact. We still think markets are under-pricing the negative growth consequences outside the US, while also underestimating the impact rising prices will have on FOMC easing prospects. Underscoring this point, swap-implied expectations for Fed easing now price a base case of between four and five Fed …
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