Insights

A surprisingly dovish Swiss National Bank

The Swiss National Bank raised rates by 0.75% in September, ending the era of negative policy rates. In this Macro Flash Note, GianLuigi Mandruzzato explains why the move was dovish.

The September FOMC Meeting

As expected, at its meeting on 21 September the Federal Reserve raised the target for the federal funds rate by 75 basis points from 2.25-2.50% to 3-3.25%.

EFG London Jazz Festival reveals a spectacular 30th birthday line-up

How is the Russian economy doing?

The collapse of Russian GDP shows that Western sanctions are effective. Despite improved GDP estimates, the economic outlook is poor. In this Macro Flash Note, GianLuigi Mandruzzato reviews the consequences of the war on the Russian economy.

What will US inflation be in August? A forecast based on gasoline prices

With retail oil prices falling in the US, annual CPI inflation is likely to continue to decline sharply in the US in August, perhaps to below 8%, argue Stefan Gerlach and GianLuigi Mandruzzato in this Macro Flash Note.

Liz Truss becomes UK Prime Minister

On Monday 5 September, Liz Truss won the Conservative Party leadership race and has now become the UK Prime Minister (PM). In this Macro Flash Note, Joaquin Thul discusses the challenges ahead for Truss and the main items in her domestic and foreign policy agenda.