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Political uncertainty in the United Kingdom has pushed gilt yields to their highest levels in decades.
According to The Times of London, a rival to UK Prime Minister Keir Starmer is preparing to trigger a leadership contest.
UK House Secretary West Streeting may consider triggering a leadership contest and quitting the government within the next 24 hours, according to a report from The Times of London.
Morgan Stanley forecasts that disinflation will resume in the second half of the year, allowing the Federal Reserve to cut rates twice in the first half of 2027.
US inventories of distilled products like gasoline are decreasing as exports increase ahead of the prime driving season, creating a risk of physical shortages.
Kit Jukes of SocGen believes that increased government spending and higher taxes are a given in the United Kingdom.
The United Kingdom has a massive current account deficit and is dependent on foreign investors to purchase its government bonds (gilts).
The inflation swap curve does not predict that inflation will return to 3% by the end of the year.
Terry Weisman speculates that some FOMC members may have been overly deferential to the incoming chair, which could explain the lack of a neutral bias in the April meeting.
Terry Weisman suspects that incoming Fed Chair Kevin Walsh will face significant difficulty convincing other FOMC members to keep interest rates on hold.
The United Kingdom has a larger current account deficit as a percentage of GDP than most other countries.
The Bank of England is a very credible, inflation-targeting central bank whose independence is not in question.