United States:
Fed Needs to Hike to Slow Inflation Without Recession, Credit Suisse Says
“The Federal Reserve needs to deliver a Volcker-style shock to drive down asset prices if it wants to slow inflation without causing a recession, according to Credit Suisse Group AG strategist Zoltan Pozsar. Policy makers should stoke volatility to set off corrections in assets including stocks, houses and Bitcoin, deterring early retirement and driving people into the workforce, Pozsar wrote in a note to clients.”
Europe:
ECB Shouldn’t ‘Overreact’ in Path to Normalization, De Cos Says
“The European Central Bank is moving closer to normalizing monetary policy but should do so carefully to avoid derailing the economy’s post-pandemic recovery, according to Governing Council member Pablo Hernandez de Cos.”
Asia:
Japan Export Gains Cool While Import Bill Rockets on Fuel Costs
“Japan’s export gains from a year earlier showed further signs of cooling in January as the omicron variant spread globally, while imports continued to show the higher cost pressures faced by companies and consumers. The value of Japan’s overseas shipments increased 9.6% from a year earlier, compared with a 17.5% increase the previous month, as export jumps in steel and chip components eased back and auto shipments fell, finance ministry data showed Thursday.”
Disclaimer:
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.