Well that was a bit more like it! All it needed was a disappointing miss from Europe’s biggest company to spur some action into what usually is a fairly quiet day as we wait to hear what the FOMC have to say for themselves! 7pm the big moment and we expect +25bp to 5.25% - 5.5% and a peak of 6% though real rates are now above 2% and becoming restrictive. We think the economy needs nominal rates of 6% and real rates of 2-3% for inflation to return durably to 2%. The June CPI print that showed he…
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.