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The week ahead: 29 January – 2 February 2024

PublicationMacro economy
26 January 2024, 20:15 pm
1 minute read

These are the Key Macro Events for the upcoming week.

The week ahead: 29 January – 2 February 2024.pdf163 KB
Aline Schuiling

Aline Schuiling

Senior Economist Sustainability Research

Arjen van Dijkhuizen

Arjen van Dijkhuizen

Senior Economist

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ECB Watch - ECB has moved to a tightening bias

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YesterdayNick KounisBill DivineyJan-Paul van de Kerke(+2)
Although the ECB’s communication was not particularly hawkish following the March Governing Council meeting, we still think it has effectively moved towards a tightening bias.

A dovish Fed response may not be so terrible

Article tags:
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The world economy is facing another cost-push shock. US household energy costs are set to rise sharply. This will further widen the K-shaped economy, as lower income households are forced to reduce spending immediately. A weak labour market reduces the risk of second round inflation effects. Demand weakness and second-round pressures may largely offset each other. Keeping rates fixed may very well be the appropriate response.
Aline Schuiling

Aline Schuiling

Senior Economist Sustainability Research

Arjen van Dijkhuizen

Arjen van Dijkhuizen

Senior Economist

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