The July 3 week is shortened by what is effectively a holiday on Monday and the Independence Day observance on Tuesday. US stock and bond markets are open on Monday, but will both close early. [...]
The June 26 week closes out the second quarter 2023 with little economic data likely to cause any surprise in the days leading up to what will be for many the long Independence Day weekend [...]
On Friday, June 23, the Federal Reserve released the tentative meeting calendar for 2024. There were no changes to the 2023 meeting calendar. The only item of note is that the November 6-7, 2024 meeting [...]
Having previously delivered a 50 basis point hike at the March Monetary Policy Assessment (MPA), the SNB is widely expected to raise its policy rate again on Thursday. The last change lifted the benchmark rate [...]
On Friday, June 16 the Fed released the semiannual monetary policy report to Congress. The report is inclusive of data available through 16:00 ET on June 14. As such it doesn’t include the May data [...]
Stubbornly high inflation and accelerating wage growth would seem to leave the BoE with little choice but to hike Bank Rate for what would be a thirteenth consecutive meeting on Thursday. The market consensus is [...]
Note that week starts with a federal holiday on Monday, although Juneteenth will not be universally observed. Some employers will give the holiday in the July 3 week to make a four-day weekend of July [...]
Almost without exception, official comments since the May policy meeting have indicated that Governing Council (GC) members think key interest rates need to be higher if inflation is to be brought back under control. This [...]
The central question of the June 12 week is if the FOMC will pause in the current rate hike cycle at the end of the June 13-14 meeting or will it decide on another 25 [...]
Will the FOMC leave the fed funds target range unchanged at the conclusion of the June 13-14 meeting? Or will it opt for another increase of 25 basis points to reach the highest since 5.25 [...]
