For 2025, the lineup of policymakers that comprise the Federal Open Market Committee (FOMC) looks stable. The normal rotation of voting presidents of the district banks does not include anyone who will be retiring in [...]
The November 11 week is shortened by the federal holiday on Monday to observe Veterans Day. It is a full market close in the US for bond markets. Not all businesses are closed; some will [...]
Econoday’s Relative Economic Performance Index (RPI) closed out last week at 30, showing global economic activity running quite well ahead of market forecasts. Although the U.S. index remained close to zero and its Canadian counterpart [...]
The Bank of England's Monetary Policy Committee (MPC) is expected to reduce the Bank Rate by 25 basis points to 4.75 percent on November 7, 2024, in light of easing inflationary pressures. Recent data shows [...]
There is nothing on the week’s data calendar that will distract from two big events.First, the US presidential election will be held on Tuesday, November 5. Most predictions are for a close race that might [...]
Politics may dominate activity in financial markets this week but the data remain key to monetary policy and five major central banks will be making policy announcements. At 23, Econoday’s Relative Economic Performance Index (RPI) [...]
While the Bureau of Labor Statistics doesn’t quantify the impact of major weather events on the monthly employment data, it is possible to tease out where some of those impacts may have occurred. Certain industries [...]
In the final full week before the presidential election on Tuesday, November 5, it may be hard for any single data report to break through the noise. However, there are two reports that should rise [...]
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 [...]
