Could the yield curve be underestimating today’s recession risk?

For a full year, Christine Lagarde, President of the European Central Bank (ECB), actively refused to engage in conversations about the path of future monetary policy, despite the looming specter of higher inflation across the region. That all changed in the first month of 2022

The dollar sits at the apex of the world’s financial system; its direction and rate of change impact every asset class in the world. We see it rise against low-yielding and EM currencies but struggle against commodity currencies