Latest Macro Commentary

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

Macro Commentary

Gavyn Davies' Blog

A strategy for the dysfunctional US Treasuries market

A strategy for the dysfunctional US Treasuries market

March 23, 2020
Fed could try yield curve control on...
What should macro policymakers do about the coronavirus?

What should macro policymakers do about the coronavirus?

March 2, 2020
The global economy faces a demand shock...
The Federal Reserve’s new inflation regime

The Federal Reserve’s new inflation regime

February 11, 2020
Forthcoming decisions on average targeting will determine...
Steven Mnuchin is wrong about climate economics

Steven Mnuchin is wrong about climate economics

February 4, 2020
The US Treasury secretary is dismissing the...
Signs of a global recovery in manufacturing are starting to show

Signs of a global recovery in manufacturing are starting to show

January 28, 2020
Markets are right to be optimistic that...
Donald Trump’s trade wars have not been ‘easy to win’

Donald Trump’s trade wars have not been ‘easy to win’

January 28, 2020
The US-China phase one trade deal will...
Central banks begin to grapple with climate change

Central banks begin to grapple with climate change

January 28, 2020
The Fed lags behind the ECB as...
The algorithms’ vision for 2020

The algorithms’ vision for 2020

January 20, 2020
What should we expect in the economies...
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...