Paul Chertkow
Paul Chertkow
adjusted basis consumer fell percent prices reinforced report
The speculation was reinforced by the report (Wednesday) that consumer prices in the US fell by 0.1 percent on a seasonally adjusted basis in December.
changes deflation head japan likely longer monetary policy scope term
Deflation is very entrenched in Japan and even over the longer term the scope for changes in monetary policy is very limited. The yen is likely to head lower.
dollar good opportunity pickup quite seems yield
We have a good opportunity for the dollar to do better than it seems for some time. The pickup in yield is quite wide.
activity afford beyond doubt economic euro raise rate scope zone
We doubt that economic activity in the euro zone will afford the ECB scope to raise the refinancing rate beyond 2.50 percent.