QCAM MONTHLY March 2023 >> No 2022 déjà-vu
QCAM Monthly March 2023 QCAM Insight The USD staged a solid rebound in February on the back of firmer activity and inflation data and higher Fed terminal rate pricing. In our view, the US data surprises highlight some of the risks for the outlook but don’t reflect a new trend. In particular, we do not see a return to the dynamics of 2022. We believe that... Economy and Interest Rates Economic data at the start of the year was stronger, leading to further positive growth revisions. Business sentiment is starting to improve and consumer confidence continues to recover. [...]