Macro & Markets

US: Growth at all costs Overall, we believe that Donald Trump's economic program will have a positive effect on activity in the short term, but...

House of Representatives: Another Victory for Trump The British Pound Under Pressure Amid Doubts About UK Fiscal Policy Resilience of the US Economy Chart of the Week:...

1.    The Bank of Japan Awaits Trump. 2.    Trump & Europe: Tariffs or Gas Purchases... No Choice. 3.    The Fed Anticipates Trump. Chart of the Week: Can Italy and Germany Afford to...

The Federal Reserve lowered interest rates by 0.25 percentage points but signaled a slowdown in the pace of easing next year to bring the...

1.    ECB: Further Rate Cuts Well Underway 2.    SNB: Approaching Zero Rates 3.    China: Awaiting Commitment to Greater Support 4. Chart of the Week: Since 1960, the...

The year 2024 was marked by exacerbated political instability. Most elections (whether planned or not) led to changes in majorities (USA, France, UK, Mexico)...

The SNB has reduced its key interest rate by 50 basis points to 0.5%, with the rate on excess sight deposits lowered to 0%,...

The Spanish economy has outperformed most others since 2022 in terms of real economic output. Spain's short-term growth prospects are relatively favorable. The Bank...