UK Commercial Property Update Rental growth resilience won’t last Even as the economy has slowed nominal all-property rental growth has held up relatively well. But that largely reflects the impact of high inflation, which is now falling. In any event, underlying... 15th March 2023 · 3 mins read
Japan Economics Update Wage-price disinflation spiral looms This year’s Shunto should result in the strongest negotiated pay hikes in decades. But the average Japanese employee will have little to rejoice in. Weaker corporate profits as well as a likely... 15th March 2023 · 3 mins read
US Housing Market Chart Pack Rebound in mortgage rates hits housing demand Stronger-than-expected economic data in January led to a rebound in market interest rate expectations and a jump in mortgage rates from 6.2% at the start of February to 6.8% in March. That drove... 14th March 2023 · 10 mins read
Capital Daily Monetary policy and markets in the wake of SVB How the fallout from events so far affects the path of the federal funds rate, and how that interacts with inflation and economic growth, will be crucial, in our view, to how markets evolve over the... 14th March 2023 · 6 mins read
Event Drop-In: What does banking sector turmoil mean for March central bank decisions? 1678978800 Starting with the ECB today, some major central bank decisions are due in the shadow of recent banking sector turmoil.
US Data Response Consumer Prices (Feb.) The 0.5% m/m rise in core consumer prices last month adds to the evidence that inflation remains stubbornly high, but the ongoing fallout from the SVB crisis over the coming days is still likely to... 14th March 2023 · 2 mins read
UK Housing Market Data Response Mortgage Lenders and Administrators Return (Q4 22) The detailed mortgage lending data for Q4 showed a slump in demand, as rising mortgage rates began to bite. The latest MLAR data confirmed the sharp turnaround in market conditions and suggest that... 14th March 2023 · 2 mins read
UK Economics Update Spring Budget 2023 Checklist This checklist helps clients keep track of the key forecasts announced during the Spring Budget at 12.30pm (GMT) on Wednesday 15 th March. Our more detailed preview is here. We will send a Rapid... 14th March 2023 · 3 mins read
UK Data Response Labour Market (Jan./Feb.) The labour market remained tight in January. Even so, the Bank of England will breathe a sigh of relief as wage growth is easing. Together with the collapse of a couple of US banks having tightened... 14th March 2023 · 2 mins read
Australia & New Zealand Economics Update Financial system should withstand SVB shock Australian banks are unlikely to experience the same valuation losses that resulted in the demise of Silicon Valley Bank. The biggest risk is that a freezing up of overseas bond markets shuts down... 14th March 2023 · 4 mins read
US Economics Update What the SVB collapse means for the Fed Even if the collapse of several mid-tier banks doesn’t develop into a full-blown systemic crisis, it will more than likely trigger a credit crunch. That raises the risk that the economy will suffer a... 13th March 2023 · 3 mins read
