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 [...]
While the BoE is widely seen lowering interest rates over coming months, there is a clear consensus expecting Thursday’s policy announcement to leave Bank Rate at 5.25 percent, the level to which it was raised [...]
The first FOMC meeting of 2024 is Tuesday and Wednesday, January 30-31. Fed policymakers are expected to hold the fed funds target rate at 5.25-5.50 percent, pausing in the current rate cycle for the fourth [...]
Global economic data are trending at the top end of the consensus ranges reflected in the Relative Performance Index (RPI) at 8 and the index less prices (RPI-P) at 10, both a bit above the [...]
