The latest data suggest that, outside China, the world economy lost a bit of momentum heading into 2025. Around the turn of the year, manufacturing output kept treading water, retail sales weakened in...

The Bank of Canada has downplayed the recent stronger monthly increases in its preferred CPI-trim and CPI-median core measures, but we are not convinced by the Bank’s claim that these measures are...

CPI inflation took another step up from 2.5% in December to 3.0% in January (consensus, BoE, CE 2.8%) and will probably rise to around 3.5% in the second half of this year. We doubt this will prevent...