Latest Macro Commentary

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

Macro Commentary

Gavyn Davies' Blog

The risks to sterling after the UK general election

The risks to sterling after the UK general election

November 27, 2019
There is talk of an impending currency...
Can automatic fiscal stabilisers replace monetary policy?

Can automatic fiscal stabilisers replace monetary policy?

November 19, 2019
The measures could be effective but will...
Here is what’s going on with the yield curve

Here is what’s going on with the yield curve

November 5, 2019
Bond markets are not convinced that the...
US Corporate Debt Triggers Recession Concerns

US Corporate Debt Triggers Recession Concerns

October 22, 2019
The weakness in company finances is a...
China bucks the trend with solid activity growth

China bucks the trend with solid activity growth

October 15, 2019
Alternative data trackers suggest the country is...
Can Donald Trump force the Federal Reserve to cut rates?

Can Donald Trump force the Federal Reserve to cut rates?

October 8, 2019
The central bank has been the target...
Entrenched uncertainty is a global problem

Entrenched uncertainty is a global problem

October 1, 2019
It started with Brexit but is now...
Is the Federal Reserve making a mistake on inflation?

Is the Federal Reserve making a mistake on inflation?

September 24, 2019
Upside and downside both have risks and...
How China dodged a trade war recession

How China dodged a trade war recession

September 17, 2019
Tariff shock was offset by devaluation and...
Mario Draghi prepared to pass on the baton at the ECB

Mario Draghi prepared to pass on the baton at the ECB

September 11, 2019
The governor leaves behind a battery of...
Will the Fed want more than ‘insurance cuts’ in interest rates?

Will the Fed want more than ‘insurance cuts’ in interest rates?

July 16, 2019
The FOMC thinks low growth and low...
UK nears recession as Brexit deadline looms

UK nears recession as Brexit deadline looms

July 9, 2019
Business uncertainty is hitting Britain harder than...