Markets bide their time, with soft US inflation and a Dovish Riksbank
The Riksbank Governor is more worried about taking the bowl away too early, than too late says NAB’s David de Garis. It seems Jerome Powell has echoed that message this morning.
Day: 10 February 2021
Don’t tax now Mr Sunak
Today, it’s largely about debt. With a budget just a few weeks away, Kallum Pickering jons me to explain why Rishi Sunak shouldn’t be too quick to push up taxes.
THE TWITTERATI
GDP in Q1 1.5% down on Q4. Hardly surprising given the lockdown. The economy is still 8.7% smaller than just before the pandemic, whereas US GDP is close to where it was, thanks to massive government spending.
BBC breakfast just said economists believe today's GDP numbers will be better than expected. So are expectations higher than expectations?