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(1) Far Too Soon to Lift the Dots (3 min read)
The shift to price a higher US rate path following the upside inflation surprise is much too soon, writes Dominique Dwor-Frecaut. More outlier CPI prints are ahead and the Fed is unlikely to move until confident that this is a trend, and not driven by one-offs.
(Dominique Dwor-Frecaut│13th May, 2021)
Credit Card Balance Declines Are Largest Among Older, Wealthier Borrowers (Liberty Street Economics, 3 min read)
Democracy in the Digital Age (Project Syndicate, 5 min read)
Waiving patent and intellectual property protections is not a panacea for global vaccine distribution (PIIE, 5 min read)
Central banks in a shifting world: Selected takeaways from the ECB’s online Sintra Forum (VoxEU, 6 min read)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)