Caroline Grady is Head of Emerging Markets Research at Macro Hive. Formerly, she was a Senior EM Economist at Deutsche Bank and a Leader Writer at the Financial Times.
Meet Caroline Grady
Recent Articles
Europe | Rates
ECB Preview: A Cautious 25bp Cut
Henry Occleston, Caroline Grady
Summary The ECB is widely expected to cut its depo rate by another 25bps on Thursday. Below-target inflation and increasing signs of economic, and in particular labour market, weakness are why. But we expect a cautious tone given inflation is set to rise again in Q4, risks over January repricing remain, and Q2 employment growth […]
EM Focus: Hungary’s Macro Risks Rising Again
Caroline Grady
Summary Fiscal loosening ahead of the 2026 general election would raise Hungary’s already-elevated deficit and debt levels. Combined with indications that Varga, or possibly Nagy, will become the next NBH governor, this points to looser fiscal and monetary policy ahead. While possibly boosting growth in the short term, it will not fix the weak investment […]
Key Events: Hawkish Fed Risks
Antonio Del Favero, Henry Occleston, Ben Ford, Caroline Grady, Mirza Baig
We are updating our key events report. From now on, you will receive a short document to prepare you for the week ahead. This new form focuses on a curated list of data/events, as well as key central bank meetings and market views across G10 and EM. Key Events G10 In the US, there are […]
Key Events: Fed in ‘No Rush to Cut Rates’
Antonio Del Favero, Ben Ford, Caroline Grady, Mirza Baig
Skip to: US, Rest of G10, EM US With Dominique away this week, Antonio Del Favero covers the key US data for the coming days. Summary No Fed speakers next week as we enter the blackout period pre-FOMC (1 May). As expected, Fed speakers reacted to the third hot inflation print, confirming ‘no rush to […]