Fynsa
The downside surprise in July inflation in the US will help moderate inflation expectations, but the data remains too high to warrant an appropriate turnaround by the Fed.
The Chilean economy is in such a state of imbalance that it cannot respond in the way it normally would in this type of situation.
This logic is rooted in the market playbook from past recessions, but "the world is different now; inflation is much higher."
The US yield curve has shown an increase in the implied probability of recession in recent weeks.
It is likely that the focus in the second half of the year will need to be on at least two factors: inflation and interest rates.
Concern about rising prices and the instruments to control them is not only a technical discussion, it is also a moral obligation.
A Challenging Environment for High-Yield Corporate Refinancing
Assessing the Risks of a Recession in the U.S.: If There Were Indeed a Recession, What Would It Look Like?
The Central Bank's Board chose not to surprise market participants, which is quite revealing regarding the future cycle of rate hikes
