Unveiling this Week’s Charts: Pausing, peaking or pursuing?

Central banks have stolen the limelight over the past few days but with policy shifts that reveal stark differences - and perhaps greater disagreement - about the outlook for their respective economies. Receding headline inflation pressures, in the meantime, has been a key theme in the dataflow. But stubborn core inflation and still-tight labour markets are still clearly leaving central banks nervous about the calibration of monetary policy. We will be picking up on these issues in a forthcoming webinar about inflation next week.

In the meantime our charts this week focus on:

• The stance of the Fed’s monetary policy
• Financial markets and interest rates
• Global inflation expectations
• US inflation drivers
• The rigidities in the UK labour market
• China’s disappointing reopening phase