The global economy is performing much as expected. However, a Relative Performance Index of 1 masks a significant divergence between the major regions which, in the main, has left financial markets more cautious about the [...]
Monday, February 19 is a federal holiday in the US but will have minimal impact on routine release schedules.Most of the economic data will take a backseat to the release of the minutes of the [...]
Global economic data on net are coming in within consensus forecasts and near the breakeven zero-line for the Relative Performance Index (RPI), at minus 7 overall and minus 8 when excluding prices (RPI-P) to indicate [...]
January’s data on retail and food services spending proved disappointing, much of it due to a decline in unit motor vehicle sales and a dip in prices for gasoline. However, the softness was broad-based and [...]
Data in the February 11 week will provide a look at some economic conditions in the first month or so of 2024. The two standouts are likely to be the January CPI data at 8:30 [...]
Global economic data on net are coming in within consensus forecasts and near the breakeven line for the Relative Performance Index (RPI), at minus 9 overall and minus 10 when excluding prices (RPI-P) to indicate [...]
Annual revisions to 2023’s CPI data issued on February 9 hold no surprises, unlike the upward revision in 2022. The all-items CPI had some minor revisions for the October-December period, while the core CPI – [...]
The FOMC meeting of January 30-31 concluded with no change in rates and a hawkishly optimistic outlook for the dual mandate as well as good progress on price stability and a tight labor market, but [...]
Global economic data on net are coming in very near Econoday’s consensus forecasts and very near the breakeven line for the Relative Performance Index (RPI), at minus 5 overall and minus 6 when excluding prices [...]
The next FOMC meeting will not be a nonevent, but mostly an opportunity to set up expectations for monetary policy in the coming year.Going into the January 30-31 FOMC meeting, the consensus is for no [...]
