In response to Donald Trump’s election win and the likelihood that his policies will be inflationary, we have revised up our forecast for the terminal fed funds target range in 2025 by 50bp, to...

The South African has been one of the worst performing EM currencies since the US election, a symptom of the “Trump trade”, but also sharp falls in the prices of key commodity exports. We expect the...

While the hotter-than-expected October price data serve as a reminder that the Fed’s fight against inflation is not over, we don't think this is enough to prevent a December rate cut. This could...

The US election outcome means that Canada and the US will not be trading friendship bracelets anytime soon and leaves the risks to inflation more finely balanced, but we still think that growth...