Improvement for both the US and China last week lifted the global Relative Performance Index (RPI) by 20 points to zero indicating that global data, on net, are exactly hitting Econoday’s consensus forecasts. When excluding [...]
The communications blackout period around the March 19-20 FOMC meeting goes into effect at midnight on Saturday, March 9 and runs through midnight on Thursday, March 21. Fed speakers will be absent from the public [...]
At the ECB’s January meeting, there was a unanimous decision to leave key interest rates on hold and forecasters anticipate the same neutral outcome this week. Thursday’s announcement is widely expected to leave the deposit [...]
The March 4 week has two reports that are likely to inform the tone of the deliberations at the upcoming March 19-20 FOMC meeting. However, these will be overshadowed by Fed Chair Jerome Powell’s upcoming [...]
The US has pulled down the Relative Performance Index (RPI) to minus 20 for global data overall and to minus 17 less prices (RPI-P). The downturn in the US RPI, which is now in sizable [...]
With the release of the January PCE deflator data, the overall inflation picture at the start of 2024 is one in which further progress on bringing inflation back to the Fed’s two percent flexible average [...]
Although there is a lot of data on the calendar for the February 26 week, those with market moving potential are few. Much of the data will complete a picture already forming. Although the week [...]
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 [...]
