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OMICRON: WHAT'S THE POTENTIAL THREAT TO RECOVERIES?

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POWELL SIGNALS TURNING POINT IN POLICY

3 Dec 2021




Fed Chair Jerome Powell’s congressional testimony this week was markedly more
hawkish. We wouldn’t characterise it as a full-blown Volcker moment. But there
could be parallels with former Chair Alan Greenspan’s notorious February 1994
Humphrey-Hawkins testimony.



3 Dec 2021


 * CHINA ECONOMICS UPDATE
   
   RRR cut today, rate cuts tomorrow?
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GERMAN INDUSTRIAL PRODUCTION (OCTOBER)

7 Dec 2021

The rebound in auto output in October means that aggregate industrial production
may increase in the fourth quarter. But with the services sector being hit hard
by new Covid restrictions, it seems likely that the German economy will barely
grow at all in Q4.

7 Dec 2021
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