Interest rates

Trucking caught in crossfire of Fed’s war on inflation

Chart of the Week: Fed Funds Rate, Outbound Tender Volume Index – USA SONAR: FEDFUND.USA, OTVI.USA

The Fed raised interest rates another 75 basis points (0.75%) on Wednesday, which will more than likely support the continuing decline in trucking demand that started in early March. The national Outbound Tender Volume Index (OTVI), which measures requests from shippers for truckload capacity, has an inverse correlation with the federal funds rate — as one goes up, the other comes down. Truckload...

https://www.freightwaves.com/news/trucking-caught-in-crossfire-of-feds-war-on-inflation

Here’s why truck manufacturers’ current order discipline won’t last

Two blue and one orange Volvo sleeper cabs on a highway

Order-taking discipline by truck manufacturers continued in June, but don’t expect it to become permanent. OEMs depend on making engines, transmissions and aftermarket parts as well as new trucks..

“No one ever got rewarded for not selling trucks,” Kenny Vieth, ACT Research president, told FreightWaves on Wednesday. “Sales have historically been a battle for market share. If I’m vertically integrated, I’m not just selling a truck. I’m selling an engine and a transmission.”

New truck builds are...

https://www.freightwaves.com/news/heres-why-truck-manufacturers-current-order-discipline-wont-last

Federal Reserve lifts curtain on tougher action to curb inflation drama

Susannah Streeter

Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:

“After many months of scene setting, the curtain has finally gone up and the first dot in the interest rate plot has been followed by the Federal Reserve. The hike of 0.25% was widely expected, given the inflation drama unfolding and it marked the first rise in four years. To show he’s not staying backstage and allowing inflation to run rampant in the stalls Fed Chair, Jay Powell, has signalled this...

https://allaboutshipping.co.uk/2022/03/16/federal-reserve-lifts-curtain-on-tougher-action-to-curb-inflation-drama/

ECB faces inflation dilemma but sovereign borrowers unconcerned

ECB faces inflation dilemma but sovereign borrowers unconcerned

Wednesday 26 January 2022 – Vol.13 Ed.4.3

Commentary: Wind of change at ECB as Fed tightens, inflation stance shifts

By David Marsh and Taylor Pearce

A wind of change is blowing at the ECB as the world braces for higher US interest rates. Six years of low inflation, followed by Covid-19, have allowed the ECB to maintain negative interest rates and near-continuous asset purchases, promoting policies to dampen the sovereign debt crisis....

https://allaboutshipping.co.uk/2022/01/26/ecb-faces-inflation-dilemma-but-sovereign-borrowers-unconcerned/

Inflation hits a 30-year high of 5.4%: what it means for you

Inflation hits a 30-year high of 5.4%: what it means for you

Sarah Coles, personal finance analyst, Hargreaves Lansdown

19 January 2022

Inflation hits a 30-year high of 5.4%: what it means for you

  • CPI inflation is up again to 5.4% in December.
  • This is the highest CPI inflation has been since it was first measured in 1997. The ONS has modelled historic levels, and if it had been measured for longer, it would last have topped this level 30 years ago – in 1992.
  • What this means for interest rates.
  • Wher...

https://allaboutshipping.co.uk/2022/01/19/inflation-hits-a-30-year-high-of-5-4-what-it-means-for-you/

Weak GDP for October shows how vulnerable economy is to fresh covid shock

Weak GDP for October shows how vulnerable economy is to fresh covid shock

Sussanah Streeter

Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown

‘’The interest rate dilemma has intensified for the Bank of England. The latest reading for the economy shows just how vulnerable the economy was to a fresh shock, with output in October growing by just 0.1%: weaker than expected. The spread of the Omicron variant is now set to be the body blow, sending the recovery reeling, while...

https://allaboutshipping.co.uk/2021/12/10/weak-gdp-for-october-shows-how-vulnerable-economy-is-to-fresh-covid-shock/

Progress but no victory at COP26, BoE’s November decision showcases flexible response to Covid climbdown, and more

Progress but no victory at COP26, BoE’s November decision showcases flexible response to Covid climbdown, and more

THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world

8-12 November 2021, Vol.12 Ed.45

Most-Read Commentary

Progress but no victory at COP26: Never before has a United Nations climate summit been attended by so many financial institutions. Not everyone is viewing the financialisation of the COP as a positive, with activist Greta Thunberg describing it as a ‘global...

https://allaboutshipping.co.uk/2021/11/13/progress-but-no-victory-at-cop26-boes-november-decision-showcases-flexible-response-to-covid-climbdown-and-more/

GLOBAL & REGIONAL MONTHLY (Wednesday, 3 November 2021)

GLOBAL & REGIONAL MONTHLY (Wednesday, 3 November 2021)

GLOBAL & REGIONAL MONTHLY (November 2021)

HIGHLIGHTS

As was revealed in Q3 GDP reports from several major economies, the global economic recovery continues, but the growth momentum has slowed after peaking in Q2 following the reopening of economies. Meanwhile, inflation pressures continue to build, with investors upgrading their inflation expectations and position towards an earlier and faster monetary policy normalization. This comes as...

https://allaboutshipping.co.uk/2021/11/03/global-regional-monthly-wednesday-3-november-2021/

Post-Hanjin Evolution Step forward with the formation of the K-Alliance

The post-Hanjin evolution of South Korea’s shipping industry took another step forward last month with the formation of the K-Alliance, says an article published in the losdstar.

Competitiveness in South-east Asia

Comprising HMM, SM Line, Pan Ocean and recently merged Sinokor Merchant Marine and Heung-A Line, the alliance will strengthen the carriers’ competitiveness in South-east Asia, according to Korea’s ministry of oceans and fisheries (MOF).

It said the alliance represented about 40% of...

https://mfame.guru/post-hanjin-evolution-step-forward-with-the-formation-of-the-k-alliance/

Time is ripe for radical EMU reform, OMFIF-DZ BANK capital markets conference

Time is ripe for radical EMU reform, OMFIF-DZ BANK capital markets conference

Thursday 8 August 2019  – Vol.10 Ed.32.3

Commentary: Time is ripe for radical EMU reform

By Marcello Minenna in Rome

Euro area reform is proceeding at a snail’s pace. The May European elections exposed a politically fragmented EU. The underlying picture is worsened by Britain’s impending departure, possibly on very fractious terms. The decisions to bring Christine Lagarde and Ursula von der Leyen to the helms of the...

http://www.allaboutshipping.co.uk/2019/08/08/time-is-ripe-for-radical-emu-reform-omfif-dz-bank-capital-markets-conference/

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