Global Economics
Find economic insights and analysis on the latest geopolitical and macroeconomic developments and their local and global implications.
Tariff Restructuring
The first takeaway from the ruling and Trump’s reactions is that the tariffs are not disappearing; they are being restructured.
Global Daily: Plan B-52
US stocks closed higher on Friday following news that the Supreme Court had ruled 6-3 that Donald Trump’s signature tariff policy is illegal...
Exclusive Energy Charts of the Week
February 19th update to our Energy Charts of the Week Series
Succession planning at the ECB?
Reports that Lagarde might quit early have cast a new spotlight on the succession plans at the ECB.
FOMC update: The data light the way
After recent data and comments from FOMC members we have updated the timing of the rate cuts in our forecasts.
Exclusive North American Agribusiness Quarterly Q1 2026
An outlook for dairy, cattle, wheat, and other key commodities for the North American market, along with the developments to watch in the coming months.
Global Daily: A material shift
It was a ‘quiet day’ Monday with the US and much of Asia on holiday. However, despite China staying out for the week, things are likely to shift materially from today.
The Warsh Regime
The most evident regime change with Warsh at the helm of the Fed is likely to take place in balance sheet policy and monetary policy communication.
Exclusive CAD Market Musings: Cooperation?
We foresee further sideways trading for USD/CAD in the year ahead, bounded by 1.36-1.41, though it will be a bumpy ride, especially leading into the USMCA review.
Exclusive Backstops alone won't enhance the euro's global role
The ECB is looking at its international liquidity lines. Improvements may support international appeal of the euro at the margin, but is insufficient to boost EUR's role.
Aussie interest rates: How high in 2026?
Join Angus Gidley-Baird and Ben Picton as they review the Reserve Bank of Australia's February decision. Are we headed for more rate hikes in 2026? And what factors could
Global Daily: The Men and Women in the High Castle
US payrolls stronger, US yields up, stocks flat as anything hit by AI was too, oil sideways, and USD/JPY at 153 vs 159 a few days ago. Fed-speak was all over the place.