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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCentral banks now 'focused on the fight for growth,' economist saysKokou Agbo-Bloua, global head of economics, cross-asset and quant research at Societe Generale, discusses the economic and central banking outlook.
Persons: Kokou Agbo Organizations: Societe Generale
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe see slowdown in the U.S. economy in 2024 and no Europe recession: SocGen economistKokou Agbo Bloua, global head of economics, cross-asset and quant research at Société Générale, discusses the economic outlook.
Persons: Kokou Agbo, Générale Locations: U.S
CNBC Daily Open: Monetary policy divergence
  + stars: | 2023-07-11 | by ( Clement Tan | ) www.cnbc.com   time to read: +2 min
Vcg | Visual China Group | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The United States and China, the world's largest economies, are on divergent monetary policy paths that are spelling some headaches. Beijing has so far cut rates in June and pledged "targeted and coordinated policy, which would be implemented in a timely manner." Complicating the macro watch for everybody, Nomura said other central banks in Asia could start cutting rates even earlier than the Fed.
Persons: Kokou Agbo, Nomura Organizations: Pudong Lujiazui Financial, Visual China, Getty, CNBC, PPI, Societe Generale Locations: Shanghai, China, United States, Beijing, U.S, Asia
Drew Angerer | Getty Images News | Getty ImagesCentral banks are at "the end of the beginning" in their battle against inflation, as several factors keep core prices persistently high, according to top Societe Generale economist Kokou Agbo-Bloua. U.S. inflation cooled in May to an annual 4%, its lowest annual rate in more than two years, but core inflation rose by 0.4% month-on-month and 5.3% year-on-year. In assessing the current state of global policymakers' efforts to tame inflation, Agbo-Bloua quoted former British Prime Minister Winston Churchill's remarks in a 1942 speech: "Now this is not the end. It is not even the beginning of the end. He suggested that this has helped to keep the labor market resilient, which will likely extend this lag time.
Persons: Jerome Powell, Drew Angerer, Kokou Agbo, Bloua, Winston Churchill's, we're Organizations: Federal Reserve, Federal, Market, Getty, Societe Generale, British, CNBC Locations: Washington ,, Ukraine, Agbo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCentral banks will keep hiking rates until economy slows, SocGen economist saysKokou Agbo-Bloua, global head of economics, cross-asset and quant research at Societe Generale Corporate and Investment Banking, discusses central banks' monetary policy tightening efforts and their potential impact on the economic and market outlook.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed will have to tighten a lot more aggressively, Societe Generale saysKokou Agbo-Bloua, global head of economics, cross asset and quant research at Societe Generale, tells CNBC the Fed will have to tighten a lot more aggressively.
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