Global data on net are posting near consensus estimates, at minus 7 and just below the zero line on Econoday’s Relative Performance Index (RPI). Yet when excluding what have been as-expected to firmer-than-expected inflation data, [...]
As of the August 8 data, the Freddie Mac rate for a 30-year fixed mortgage rate is down 26 basis points to 6.47 percent from the prior week, reaching its lowest since 6.39 percent in [...]
The Fed’s senior loan officer opinion survey for July shows that on net, fewer banks are tightening lending standards for commercial and industrial lending. The increase in spreads of loan rates over banks’ cost of [...]
The economic data calendar in the August 5 week is sparse and has little market moving potential. There will be plenty of time to think about the outcome of the July 30-31 FOMC meeting and [...]
Econoday’s Relative Performance Index (RPI) for global indicators ended last week at minus 5 and at minus 7 less inflation (RPI-P). These readings are close to the zero line to indicate that, on net, data [...]
Forecasters are very unsure about which way this month’s BoE MPC announcement will go but, on balance, seem to expect what would be the first cut in Bank Rate since March 2020. However, if so, [...]
Focus in the July 29 week will be narrowly fixed on two times: 14:00 ET on Wednesday when the FOMC releases its July 30-31 meeting statement and 8:30 ET on Friday when the July employment [...]
Economists are nailing their forecasts based on Econoday’s Relative Performance Index (RPI) which is sitting right at the zero line, at plus 2 to indicate only the most marginal outperformance relative to expectations. When excluding [...]
There are no Fed policymakers on the calendar due to the communications blackout period around the July 30-31 FOMC meeting. The period runs from midnight on Saturday, July 20 through midnight on Thursday, August 1. [...]
Econoday’s Relative Performance Index moved from slightly negative ground in the prior week to slightly positive ground last week, to plus 4 and to plus 8 less price data (RPI-P). Though more neutral than positive, [...]
