Supply Shock Beginning Of The Rate Cutting Cycle, Time To Be Bullish? | Weekly Roundup
Jun 8, 2024
Topics include global rate cutting cycle impact, economic data interpretation, central bank policies, currency market volatility, Roaring Kitty's return, equity issuance, crypto conference announcement, market dynamics, centralization in asset markets, crypto space dynamics, and market sentiments
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ECB Policy Shift
- The European Central Bank's decision to cut interest rates while raising inflation forecasts is significant.
- This contradicts previous central bank policy and suggests inflation targets are flexible.
Jobs Report Analysis
- Recent strong job numbers challenge the slowing economy thesis, exceeding forecasts.
- However, unemployment and wage growth are still key inflation drivers.
Immigration's Impact on Labor
- Immigration significantly impacts employment numbers, potentially easing wage growth and inflation.
- Policymakers acknowledge immigration as a key driver in economic analyses.