The recent decline in oil prices supports our view that a third round of quantitative easing from the US Fed is unlikely to cause global inflation to take off. Unfortunately, the boost to economic...

Even if it is sustained, this year’s rise in agricultural prices will have little impact on headline consumer prices, particularly in advanced economies. What’s more, we expect commodity prices to...

Global business surveys suggest there has been a more marked slowdown in the growth of manufacturing activity than in services in the past four months. But the former is a better indicator of the...

A coordinated release of official stocks is one possible trigger for a correction in oil prices, but we still think that it is neither imminent nor necessary. A more realistic assessment of the...