Investors and financial markets will be very surprised - and not at all happy - should Thursday’s ECB announcement not include the first cut in key interest rates since September 2019. With even the more [...]
The June 3 week focus will be firmly on labor market conditions and how these might affect the upcoming FOMC meeting on June 11-12.The monthly employment report for May is set for release at 8:30 [...]
The global Relative Performance Index (RPI) stands at minus 12 and at minus 21 less prices (RPI-P), the latter indicating that firmer-than-expected inflation reports are lifting the overall score.The US score, sagging since April’s lower-than-expected [...]
Back at his March 20 post-FOMC meeting press brief, Chair Jerome Powell signaled that discussions regarding the program to reduce the Fed’s holdings of US treasuries and agency mortgage-backed securities were well advance and would [...]
The May 27 week is shortened in the US by the Memorial Day observance on Monday. Reports normally released on Monday will be moved to Tuesday, and some Tuesday data to Wednesday. There isn’t a [...]
Global economic data continue on net to come in very near expectations, at minus 3 for the Relative Performance Index and at minus 5 less prices (RPI-P). These readings suggest no jolts for Econoday’s Global [...]
The high points for economic data in the May 20 week should be the sales numbers for new and existing homes for April. Gauging the health of the housing market may be a bit tricky [...]
Econoday’s Relative Performance Index for the global economy moved a bit lower, ending the week at minus 7 and at minus 10 less inflation (RPI-P). The US, at minus 26 for the RPI and minus [...]
In the wake of the softer-than-expected payroll gains for April in the monthly employment report, the inflation data for April in the May 13 week become the next signpost for the outlook for Fed monetary [...]
Global economic data continue to come in very near expectations, at minus 3 for the Relative Performance Index and at plus 3 less prices (RPI-P). Though the outlook for monetary policy varies by region, on [...]
