This time may well be different
Throughout the summer, global financial markets demonstrated extreme volatility, which was to a large extent caused by...
Insights
Throughout the summer, global financial markets demonstrated extreme volatility, which was to a large extent caused by the state of the US labour market. Since the beginning of the year, the US unemployment rate has been trending higher, increasing to 4.1%1. Historically, such an increase has coincided with a recession in the US.
The markets were thus...
Now hiring? The UK's workforce woes
The Bank of England decided to cut interest rates for the first time in four years. Over these four years, the UK...
Insights
The Bank of England decided to cut interest rates for the first time in four years. Over these four years, the UK economy faced slow growth and high inflation. And yet, the unemployment rate proved resilient while companies struggled to find workers, pushing wage growth upwards.
In this latest edition of Market Focus, @Yvan Mamalet looks at the main reasons...