Steno Research founder and CEO Andreas Steno is back with his co-host, Steno Research’s head of geopolitics, Mikkel Rosenvold, to break down the latest global drivers in macro. In this episode, with bond yields already rising and central banks under pressure, Andreas and Mikkel assess whether global markets are underpricing the inflation and energy shocks caused by the closure of the Straight of Hormuz. ...

Some experts argue that renewables offer a promising way to get off gas. Unfortunately the world will remain haunted by the spectre of energy shocks for decades to come https://t.co/b2v0ixGuIn ...

Some experts argue that renewables offer a promising way to get off gas. Unfortunately the world will remain haunted by the spectre of energy shocks for decades to come https://t.co/q0coFCOk0PPhoto: Getty Images https://t.co/PZmNteMPsI ...

Core Insights - Inflation remained steady at 2.4% year-over-year in February, consistent with January's figures, indicating stability in consumer prices despite external pressures [1] - The core Consumer Price Index, excluding food and energy, also rose by 2.5% annually, matching the previous month's rate, suggesting underlying inflationary pressures are persistent [2] Economic Context - The ongoing conflict in Iran raises concerns about potential energy shocks that could impact the broader economy, complicating the Federal Reserve's decision-making regarding interest rate adjustments [1][2] - The Federal Reserve faces multiple factors, including tariffs, potential tariff refunds, rising energy prices, and weakening employment, which complicate its path forward in managing inflation and interest rates [3]