Moderate outperformance by the U.S. was mainly responsible for Econoday’s global Relative Economic Performance Index (RPI) holding in positive surprise territory (7) last week. Economic activity in China, the Eurozone, Japan and Switzerland is now [...]
For the first time since early August and mainly due upside surprises out of China, Econoday’s Relative Economic Performance Index (RPI) last week climbed back above zero. However, at just 4, the index only shows [...]
It is a fairly light data release schedule in the October 21 week. Markets are likely to be jittery with the US presidential election on November 5 only about two weeks distant. Then there is [...]
Immediately following September’s well-flagged ease, the ECB seemed happy to hold policy steady until December. However, with inflation having fallen below target last month and the real economy essentially flatlining, forecasters now anticipate a second [...]
The traditional winter holiday shopping season is 2024 is a short 27 days compared to the average of 30 days between Thanksgiving and Christmas.Of course, the traditional winter holiday shopping season isn’t what it used [...]
The October 14 week begins with a federal holiday on Monday with the observance of Indigenous Peoples’/Columbus Day. However, this day is far from universally observed in the US. Bond markets will be closed, but [...]
Econoday’s Relative Economic Performance Index (RPI) remained sub-zero last week. At minus 14, the current reading signals recent global economic activity slightly lagging despite limited positive contributions from the U.S., UK and Japan.With the notable [...]
The highlight of the US economic data in the October 7 week will be the consumer price index (CPI) for September at 8:30 ET on Thursday. The report is expected to provide more evidence that [...]
At minus 8, Econoday’s Relative Economic Performance Index (RPI) continues to show recent global economic activity lagging market expectations, but not by much. China in particular remains a significant drag, but Eurozone readings have improved [...]
On September 18 the FOMC lowered the fed funds target range by an aggressive 50 basis points to 4.75-5.00 percent, beginning the process of easing restrictive monetary policy put in place to combat inflation. The [...]
