The US retail sales will likely make for upbeat spending reading right as the spending cycle is starting to improve outside of the US as well with upwards revisions in Germany.
Spending Watch: Short note on Eurozone savings
A quick note on household savings in the 4 major EZ countries where we apply the excess savings method of the Fed using Eurostat data
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Something for your Espresso: The G7 doves are coooooooing!
The G10 central banks coordinately called the peak in global inflation after the Davos gathering earlier this year and now BoJs Ueda has hinted that central banks agreed at the G7 meeting that they should patiently wait and see for the effects on already implemented. The doves are cooing!
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