The St. Louis Fed announces its selection of Alberto G. Musalem to be its next president and CEO. He will be sworn in on April 2, 2024. Musalem will complete the unexpired term that ends [...]
The week begins with the January 1 holiday that results in some shifts in the normal economic data release calendar. The ISM reports – manufacturing and services, respectively – for December will be out one [...]
The outlook for Fed monetary policy in 2024 is being shaped in large part by the inflation data and by inflation expectations for consumers and businesses. The challenge facing the FOMC is correctly interpreting the [...]
The December 25 week is essentially devoid of scheduled economic data that have market-moving potential. Most of the data will receive scan attention when released. Many businesses will be operating with minimal staffing or closed, [...]
Global economic on net are exactly hitting consensus forecasts, producing a zero reading on the Relative Performance Index. But readings among individual economies show the usual variation with the Eurozone closing out a generally disappointing [...]
The December 18 week is the last before the week between Christmas and New Years. The two weeks are normally a quiet time for consumers and many businesses not in the retail sector. It may [...]
Econoday’s aggregate Relative Performance Index ended the December 15 week at plus 1, very near the zero line for a third week in a row to indicate that global economic data, on net, are hitting [...]
In line with the October meeting, investors are confident that this Thursday’s ECB announcement will leave key interest rates on hold. Indeed, further warning signs of an impending Eurozone recession together with a surprisingly steep [...]
Not for the first time, the SNB surprised investors at its September’s Monetary Policy Assessment (MPA) when it announced no change to its policy rate. Despite some earlier hawkish rhetoric, a downward revision to the [...]
Little is expected from Thursday’s policy announcement. A very sizeable consensus sees Bank Rate being left at 5.25 percent and investors and financial markets alike seem quite convinced that the next move will be down, [...]
