Inflation in Turkey rose to 85.5% y/y in October due to a broad-based strengthening of price pressures. Even so, the central bank will remain under pressure from President Erdogan for looser policy...

We think an eventual Fed “pivot” will push down long-term Treasury yields, although it may not help the stock market much nor prevent a renewed US dollar rally.

Despite the unanticipated strength in recent months, there are still good reasons to expect core inflation to fall markedly next year. That moderation will not require a deep recession and/or...

The further fall in the ISM manufacturing index to 50.2 in October, from 50.9, illustrates that global economic weakness and the earlier surge in the dollar are catching up with the factory sector...