الصفحة الرئيسية
استفد من قوة التحليل الحصري للأسواق
A slower cadence of rate rises offers little relief from restrictive yields
Weaker payrolls and softer inflation complicate September’s hawkish consensus.
Fiscal promises, parliamentary gridlock and the 2027 election collide in the OAT market
Modest headline cooling conceals stronger employment and sharp cost pressure
Soft hiring and wages make an October pause easier to defend
Reduced urgency may support a tactical rates rally
Revised calculations cool PCE without extinguishing domestic demand
Faltering consumers support the disinflation narrative… until resilient corporate pricing power spoils the rally
Supply security looks manageable in the base case, but a cold winter and prolonged Hormuz disruption make the right-hand tail increasingly expensive
Two more months of trade peace offer temporary visibility, but little protection against the next supply-chain shock
Firmer activity and sticky inflation revive the tightening trade
