Advertisement
Nordea with the note:
The new virus variant has added yet more uncertainty to the global economy, but that has not stopped the Fed from signalling faster tapering ahead. Meanwhile, Euro-area inflation continues to surge even further above the ECB’s forecasts.
It’s probably a good time to retire that word (transitory) and explain more clearly what we mean – Jay Powell, Federal Reserve Chair
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.