Global economic activity continued to fall slightly short of market expectations last week. At minus 14, the Relative Performance Index shows forecasters still a little too optimistic about current conditions and, with recent inflation indicators [...]
Each year in November in conjunction with the release of the October producer price index, the Bureau of Labor Statistics releases a report on the dollar value of quality changes for motor vehicle models in [...]
Will consumers spend a little more this winter holiday season with an extra day to shop? In 2023, there are 32 days between Thanksgiving and Christmas, up from 31 days in 2022 and 2 days [...]
The economic data release schedule is crowded in the November 13 week. There are three reports that should stand out, or would if not for a looming government shutdown on November 17.First is October’s CPI [...]
The Relative Performance Index, at a global reading of minus 24, has slipped further into negative surprise territory, boosting expectations in financial markets that it is just a matter of time before most major central [...]
Global economic data are, on net, coming in below consensus forecasts, at minus 13 on Econoday’s Relative Performance Index (RPI), down nearly 30 points from the prior week to indicate that global interest rates may [...]
Fed Chair Jerome Powell spent much of his November 1 press briefing hammering on the point that a pause in hiking rates for a second FOMC meeting in a row does not mean that the [...]
Despite there being a clear MPC split on interest rates in September, further signs that inflation has probably peaked and, more generally, dismal real economy news have left forecasters seemingly fairly confident that the BoE [...]
The global relative performance index is firm at 15 in no small way due to further upside surprises in both the US and Japan. Both mask, however, sub-par developments in the Eurozone and the UK.The [...]
The big question in the October 30 week is whether the FOMC will hold the fed funds target rate range at 5.25-5.50 percent for the second meeting in a row. The present crop of economic [...]
