Latest Macro Commentary

The Macro Commentaries are based on the FT Blogs by Gavyn Davies.

Macro Commentary

Gavyn Davies' Blog

Stronger-for-longer American economy spooks bond investors

Stronger-for-longer American economy spooks bond investors

October 9, 2018
Nowcasts more robust than elsewhere as Powell...
Hard questions on a second Brexit referendum

Hard questions on a second Brexit referendum

October 2, 2018
Labour has shifted its view on a...
Why investors should worry about rising wages

Why investors should worry about rising wages

September 25, 2018
Low wage inflation fuelled the bull market...
Can macro policy easing still rescue China?

Can macro policy easing still rescue China?

September 18, 2018
Assets have slumped on misplaced fears that...
Firm global growth defies emerging market and trade risks

Firm global growth defies emerging market and trade risks

September 11, 2018
US and China remain robust as Europe...
Monetary policy for the next recession

Monetary policy for the next recession

July 31, 2018
Central banks have not honed their weapons...
Bank of Japan faces the return of very low inflation

Bank of Japan faces the return of very low inflation

July 24, 2018
None of the central bank’s indicators have...
Trade wars may make the Fed less hawkish

Trade wars may make the Fed less hawkish

July 17, 2018
Rising inflation and lower growth pose new...
Chinese risks to global stability are overblown

Chinese risks to global stability are overblown

July 10, 2018
Domestic demand slowed in May, but easier...
Global growth still firm in the face of trade wars

Global growth still firm in the face of trade wars

July 3, 2018
Despite the pessimistic narrative, US and China...
After the opening trade salvos, the big guns are readying

After the opening trade salvos, the big guns are readying

June 26, 2018
Protectionist measures are negligible so far but...
EM crisis clashes with Fed hawkishness

EM crisis clashes with Fed hawkishness

June 20, 2018
Emerging markets currency crash has left Fed...