Report
Fed – an economic normalisation without a monetary normalisation
The rebound in activity and prices has outstripped the forecasts made at the end of the crisis last year. Based on the Fed's latest projections, pre-crisis growth and inflation trends would be caught up in 2022. On the face of it, this argues in favour of rapid monetary tightening. However, there is nothing to suggest that the Fed is in such a hurry to tighten policy. Economic conditions have not yet stabilised and there is still uncertainty related to the pandemic (Delta variant...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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