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Forget interest rate cuts—private wealth manager Michael Landsberg argues the Fed may even be forced to raise rates this year.
Plus: After first-quarter data came in hotter than expected, the U.S. economy enters uncharted territory.
Forget interest rate cuts—private wealth manager Michael Landsberg argues the Fed may even be forced to raise rates this year.
The European Central Bank (ECB) will announce its monetary policy decision on Thursday.
Strong January UK retail sales push sterling and UK yields higher at the start of today’s trading. Retails sales rose 3.4% M/M vs 1.5% consensus. They add some more volatility to an interesting trading week with strong labour market figures, disappointing Q4 GDP and somewhat better inflation figures. We nevertheless expect EUR/GBP 0.85 support to survive.