The new Fed Chair, Kevin Warsh, brings unconventional views on inflation measurement and has expressed a preference for trimmed measures, at a time when inflation has remained above target for five years.
In the current environment, the Dallas Trimmed PCE exhibits a downward bias following a succession of supply-side shocks since 2020 and was also slow to capture the 2021 inflation surge. A shift in the Fed's preferred inflation gauge could therefore raise credibility concerns.
Interest rates are on the move. But what does it mean as we approach 2026?
Discover our latest Fixed Income update where we break down the implications of the steepening yield curves and the strategies investors can consider to effectively manage duration in the months ahead.
BCP (Banque de Commerce et de Placements), the Swiss Bank headquartered in Geneva, announces today a significant milestone in its Middle East growth strategy: the transformation of its Dubai Representative Office into a fully operational Branch, following the successful acquisition of a Category 4 licence from the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC). This development allows BCP to offer an expanded range of advisory services in the region.
