After 90 hours of negotiations, the European leaders managed to reach an agreement. The deal is a watered down version of the initial proposal. Concessions were made to win over the ‘Frugals’ (Netherlands, Denmark, Sweden, Austria)
"The Fed has essentially driven a gigantic wedge between the fundamentals – which we don’t think are very good at all – and the capital market pricing"
Never before has so much fiscal and monetary stimulus been injected in the economy in a single quarter. And never before has the scale of the stimulus matched the nation’s nominal output.
The regular ceasefire violations and attacks create an explosive situation on the frontline, which runs the risk of turning into an open military confrontation between the Syrian Army and Turkish forces.
The key for underlying inflation will be what happens to owners' equivalent rent (OER) and rent of primary residence, the two comprising more than 40% of core CPI inflation.
Senior editor, Ash Bennington, hosts managing editor, Ed Harrison, to analyze the economic news of the day. Ed and Ash examine the recent jobs figures, and Ed…
