In the main, economic activity continues to fall slightly short of market expectations and was reflected last week in interest rate cuts from both the Bank of Canada and the European Central Bank. The global [...]
Perhaps well ahead of the Federal reserve, the European Central Bank today reduced key interest rates for the first time since September 2019. We take a look at what they did, what it means [...]
Investors and financial markets will be very surprised - and not at all happy - should Thursday’s ECB announcement not include the first cut in key interest rates since September 2019. With even the more [...]
The June 3 week focus will be firmly on labor market conditions and how these might affect the upcoming FOMC meeting on June 11-12.The monthly employment report for May is set for release at 8:30 [...]
The global Relative Performance Index (RPI) stands at minus 12 and at minus 21 less prices (RPI-P), the latter indicating that firmer-than-expected inflation reports are lifting the overall score.The US score, sagging since April’s lower-than-expected [...]
Back at his March 20 post-FOMC meeting press brief, Chair Jerome Powell signaled that discussions regarding the program to reduce the Fed’s holdings of US treasuries and agency mortgage-backed securities were well advance and would [...]
The May 27 week is shortened in the US by the Memorial Day observance on Monday. Reports normally released on Monday will be moved to Tuesday, and some Tuesday data to Wednesday. There isn’t a [...]
Global economic data continue on net to come in very near expectations, at minus 3 for the Relative Performance Index and at minus 5 less prices (RPI-P). These readings suggest no jolts for Econoday’s Global [...]
Financial markets remain volatile and seemingly at the mercy of the latest inflation data. At the same time, diverging performances among the major economies continue to provide scope for a broader decoupling of central [...]
The high points for economic data in the May 20 week should be the sales numbers for new and existing homes for April. Gauging the health of the housing market may be a bit tricky [...]
