Monday, October 9 is a federal holiday to observe Indigenous People’s Day/Columbus Day in the US. However, this holiday is not universally observed. Bond markets are closed in the US, but stock markets are open. [...]
With the prospect of a government shutdown resolved – for now – the economic data calendar does not face any disruptions in the October 2 week. It is a week with plentiful data about the [...]
While the economic data calendar is well-populated in the September 25 week, nothing will distract from the looming federal shutdown if Congress fails to fund the government by September 30. A failure to pass a [...]
Expectations are that the FOMC will leave rates unchanged after their deliberations on September 19-20. These are unlikely to be disappointed.The FOMC is unanimous in its determination to quell inflation and bring it back to [...]
Outperformance by Canada and the US continues to offset underperformance in Japan and the Eurozone, keeping Econoday’s Relative Performance Index (RPI) just north of the zero line at plus 3 to indicate that global economic [...]
Speculation about another tightening at this week’s Monetary Policy Assessment (MPA) has eased somewhat in the wake of the recent slew of weak real economy data, sub-2 percent readings on both headline and core inflation, [...]
Facing both renewed risks of recession but also still stubbornly high inflation, the policy dilemma facing this week’s BoE MPC meeting is even more stark than ever. In August, only one dove, Swati Dhingra, broke [...]
The September 18 week includes the FOMC meeting on Tuesday and Wednesday and release of the FOMC statement and update to the Summary of Economic Projections (SEP) at 14:00 ET on Wednesday. Jerome Powell’s press [...]
For the first time in a long while, the combination of a weak real economy and slowing underlying inflation has left investors unsure about tightening prospects at this week’s ECB meeting. Forecasters are quite evenly [...]
Thanks to North America the global economy is treading right at expectations, very near the zero line at plus 3 on Econoday’s Consensus Divergence Index (ECDI) and masking significantly negative readings across much of Europe [...]
