Chris Harrison

1 month ago | marketnews.com | Chris Harrison

The US flash March PMIs from S&P Global US chimed more closely with today’s UK release rather than Eurozone releases, with a solid upside surprise for service activity along with a negative surprise for manufacturing. Early tariff front-running looks to have passed in manufacturing but there was still a sharp acceleration in input cost inflation.

1 month ago | marketnews.com | Tim Cooper |Chris Harrison

The past week’s data did little to clarify the economic outlook amid major uncertainty. Download the Full Report here  Executive Summary:Fed policymakers’ updated economic projections released this week summed up the uncertainty looming over the economic outlook: the FOMC left their rate cut outlook steady despite upping inflation / lowering growth forecasts (while flagging risks that those revisions didn’t go far enough).

1 month ago | marketnews.com | Chris Harrison

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1 month ago | marketnews.com | Chris Harrison

Pause if 25% tariffs avoided/no further economic deterioration:BMO: “This report will reinforce the BoC's cautious tone on easing to mitigate the impact of tariffs. Note that the coming end of the carbon tax will pull inflation down sharply in April, but March could see more upside as the rest of the tax holiday impact reverses. There's plenty of noise still to come on inflation, complicating policymakers' job.

1 month ago | marketnews.com | Chris Harrison

Q: Do you agree with De Guindos’ comments in an interview with the Sunday Times. How exactly do you feel about current interest rates here, with a view to restrictive language? A: I would very much agree with De Guindos. In the US, the impact on inflation is likely to be more significant because the consumer pays for tariffs at the end of the day. In the Eurozone, the predominant impact is the negative impact on growth with to some extent an inflation dampening effect.