Finally, in the fourth quarter investors will be watching what the Federal Reserve does as well as changes to tax policy for signs of reflation
. So far this year, the reflation
trade has struggled due to the lack of any fiscal policy progress, a weakened dollar and a range bound 10-year U.S.
The aim should be to end fiscal austerity, imposed in 13 out of 14 leading advanced economies between 2011 and 2015, and prioritise reflation
, full employment and decent jobs, rather than tackling inflation and cutting government debt.
In a commentary, Citi said an 'unusually large price action ahead of the FOMC (Federal Open Market Committee statement) may signal a return of reflation
All in all, Julius Baer believe that the tightening of the labour market within a robust economic backdrop will foster a mild reflation
and allow a gradual firming of US monetary policy.
The broader concern is that a decelerating China, squeezed by tighter financial conditions, represents a double hit to the global reflation
Yet fast forward to today and the China-triggered reflation
trade for commodities is ebbing.
The apex bank said that it is expecting its stimulus measures to achieve its reflation
As reflected in Tuesday's World Economic Outlook (WEO), economic activity has gained more momentum amid accommodative monetary and financial conditions which the IMF explains have spurred hope for reflation
. "Longer-term interest rates have risen" and helped to boost the earnings of banks and insurance companies.
In March 2017, China's central bank raised borrowing costs as a stable economy and factory reflation
give it scope to follow the Federal Reserve in tightening policy.
If his promise to be more domestically-focused is upheld, then this will likely lead to US-led reflation
; increasing employment, employee wages, and helping the country's GDP grow faster in 2017.
GARRY OWEN NEWSBOY 2.00 AVENTINUS 2.30 EASTERN DRAGON EASTERN DRAGON 3.00 AZZIR (NAP) AZZIR 3.30 BALANCE 4.00 RIO DEVA REFLATION
4.30 GOLD FLASH MOONLIGHTNAVIGATOR 5.00 ROC DE PRINCE CAPE HIDEAWAY GARRY'S DOUBLE: AZZIR (NAP) & WAR GLORY (4.15 CHELMSFORD (A.W)) SOFT (Good to soft in places; GoingStick 7.2) (Rail movements - R1, 2, 3 & 6 +12yds and R7 +24yds) LIVE ON RACING UK DRAW: Variable bias on straight course but low tends to be slightly favoured on the round course.