In 2015, global macro economic outlook was mostly dominated by the hike aniticipations from Fed and global growth. There were obstacles in US growth in the beginning of the year, in Q2 and early Q3 there was increase in Euro area's sovereign debt concerns, with August's Chinese currency volatiltiy.
The inflaxion point likely remains in place for the next year.
According to RBC Capital Markets:
- Global growth and global headline inflation should stabilize and start picking up,
- Fed hikes will highlight central bank policy divergence,
- USD has room for further gains, even after the first Fed hike,
- RMB is likely to weaken through the year
- EM corporate debt/leverage will remain a concern.


FxWirePro: Daily Commodity Tracker - 21st March, 2022 



