European gas and electricity prices for delivery during the coming winter have risen by 40% since the start of July. The market is pricing in supply interruption risks. Should supplies fail, the consequences will be felt in higher producer price inflation. There’s also the…
The impact of an 8-day strike at Felixstowe will have implications for both local supply chains and global logistics networks. It could take several weeks for the port to recover.
This past week offered two detailed reports on the state of U.S. inflation, the Consumer and Producer Price Indices. Lower numbers cheered analysts and investors, but were they looking at the right numbers? We sort it out.
A surprisingly robust July jobs report provides evidence of continued economic strength. The historically low unemployment rate will likely allay Fed concerns about a downturn, heighten concerns about inflation, and lead to more significant tightening ahead.
The German economy faces a very different set of challenges from the EU at large. This report reviews the key drivers of German industrial, consumer, and trade activity.
One of the premier global economic forecasts just downgraded its outlook for 2022 and 2023. The revisions were large, negative, and worse for next year than this. To top it off, the balance of risks to the forecast is negative.
Is inflation going to prove transitory? Global commodity prices were boosted in part by disruptions caused by the conflict in Ukraine and contributed to the surge in consumer prices. Most commodity prices are now well below their recent peaks either due to global supply chain…
The European Central Bank joined the U.S. Fed in hiking rates this past week. It did so to address high and rising inflation, but a key challenge will be dealing with the indebtedness of key member states.