Greetings,
United States: Longer-dated market-based inflation expectations have been moderating, …
… as the market accepts the “transient” theme.
Eurozone: This chart shows the relative importance of service exports by country.
Asia-Pacific: Inflation in EM Asia countries appears relatively tame. Fitch Solutions expects inflation rates to recede through the second half of this year, which should dampen some headwinds from currency depreciation.
Cryptocurrencies: The US Senate is set to investigate crypto’s use in ransomware.
Alternatives: Inequality has risen in most big economies.
Food for Thought: Supporting personal vs. corporate tax hikes:
Edited by Richard Holmes
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