海外研报

Core CPI expected to have firmed in July

We look for firming in July core CPI inflation to 0.21% m/m SA,from an unusually soft 0.06% reading in June. We expect a

July FOMC minutes highlightedlabor market risks

The minutes to the July 30-31 FOMC meeting (which occurred just before therelease ofthe weak Julylaborreport)skewed dovish and showeda committee morefocused on labor market risks than the possibility of a renewed jump in inflationeven if

Chile: IMF Extends Two-Year Flexible Credit Line for US$13.8bn

The International Monetary Fund (IMF) approved a SDR10.5bn (US$13.8bn) FlexibleCredit Line (FCL) for Chile. This facility replaces a prior FCL arrangement approved

The EM Trader When the Fed Cuts

EM fixed income outperforms through August volatility. EM fixed income n(and EM local rates in particular) has been able to outperform through a volatile

MS--Morgan Stanley Global Macro Forum

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