Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    2021
    Best News & Analysis Provider
    FxDailyInfo
    2022
    Best Forex Educational Resources Global
    International Business Magazine

    US: Little reason to think doubts over the disinflation path will persist – ABN Amro

    Source Fxstreet
    Mar 27, 2024 15:00

    Is inflation heating up again? Economists at ABN Amro think not.

    Fed to begin lowering rates from June

    The bottom line is that pipeline price pressures still point to significant disinflation to come, especially from housing rents, with rents for new leases growing at rates below the pre-pandemic trend already for the past half year. This takes time to feed through to inflation, with past relationships suggesting a lag of around one year. The other key pipeline pressure is wage growth, but this also looks relatively benign.

    Inflation is forecast to be somewhat higher in the near term, but this largely reflects the earlier rise in oil prices than we anticipated; our year-end forecast for inflation is essentially unchanged. 

    With disinflation in our view very much on track, we therefore think the Fed remains on course to start lowering rates from June.

     

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
    placeholder
    Breaking: Bitcoin halving concludes successfully as BTC miner rewards reduce to 3.125Bitcoiners and cryptocurrency market enthusiasts are celebrating the fourth successful execution of the Bitcoin halving, done at a block height of 840,000.
    Source  Fxstreet
    Bitcoiners and cryptocurrency market enthusiasts are celebrating the fourth successful execution of the Bitcoin halving, done at a block height of 840,000.
    placeholder
    UK CPI: Not what BoE wants to see after stronger-than-expected wage numbers – TD SecuritiesAnalysts at TD Securities note that UK inflation data came in stronger than expected in March, with headline inflation falling to 3.2% y/y and core declining to 4.2% y/y.
    Source  Fxstreet
    Analysts at TD Securities note that UK inflation data came in stronger than expected in March, with headline inflation falling to 3.2% y/y and core declining to 4.2% y/y.
    placeholder
    Slowdown in super core CPI would raise Fed’s confidence inflation is moving toward 2% – BBHAnalysts BBH share their views on the upcoming March inflation data from the US.
    Source  Fxstreet
    Analysts BBH share their views on the upcoming March inflation data from the US.
    goTop
    quote