Dominique and Antonio explore the nuances of recent US inflation data and the leadership transition at the Federal Reserve under new Chair Warsh. They analyse how robust retail sales are being sustained by record-low household savings and evaluate the long-term geopolitical tensions underlying the “performative” summit between Trump and Xi. While next week is expected to be data-light, focus shifts to Walsh’s relationship-building efforts to preserve the Fed’s easing bias and his potential inaugural public address. Dominique notes that core inflation may be on the cusp of a slowdown despite headline pressures and anticipates contrasting economic perspectives from Fed speakers Waller and Paulson.
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