September SNB MPA preview: Three out of three
Should the central bank see fit to ease at what would be a third successive Monetary Policy Assessment (MPA), there would seem to be few hurdles in the path of another cut in the SNB’s [...]
September 2024
High points for economic data scheduled for September 23 week
Although there are plenty of reports on the economic data calendar in the September 23 week, none is likely to be a standout after the FOMC announced a rate cut of 50 basis points on [...]
FOMC preview: A rate cut, but what else?
Fed policymakers will always say that no decision is made until they actually meet and consider all the most recent information available. However, they have strongly signaled that they are leaning toward cutting rates at [...]
High points for US data in September 16 week
The FOMC meets on Tuesday and Wednesday amid universal expectations for the first rate cut since the current target range of 5.25-5.50 percent was set in July last year. What is not universal is the [...]
Global data subpar versus expectations; US hitting estimates
Global economic data continue to underperform relative to forecasts. Econoday’s Relative Performance Index (RPI) fell 6 points in the week to minus 16 and edged a further 3 points lower to minus 20 less prices [...]
September BoE MPC Preview: Levels versus trends
Investors are split on this month’s BoE MPC announcement but the majority call is for no change. The August reduction in Bank Rate to 5.0 percent only got through by the tightest of margins (5-4) [...]
Size of 2025 US COLA for Social Security about 2.4 percent
The average of the July-August CPI-W for 2024 indicates that the cost-of-living-adjustment (COLA) for Social Security recipients will be about 2.4 percent when it goes into effect in January 2025. While the calculation for the [...]
September ECB meeting preview: Easy does it
Following July’s pause, the ECB is widely seen resuming its easing path this week. Falling inflation, a strengthening euro and an expected Federal Reserve rate cut next week provide all the scope needed while a [...]
High points for US data scheduled for Sept. 9 week
The communications blackout period around the September 17-18 FOMC meeting is in effect (midnight, Saturday, September 7 through midnight, Thursday, September 19). If any Fed officials speak, it will not be about monetary policy. Even [...]
Global data once again subpar relative to expectations
Global economic data have been consistently underperforming economist forecasts since the beginning of August, though only to a limited degree. Econoday’s Relative Performance Index (RPI) held unchanged in the week at minus 10, just within [...]