On Monday, January 6, the Fed announced that Vice Chair for Supervision Michael Barr is stepping down from that appointment but will remain on the Board of Governors.Barr was confirmed as a Governor on July [...]

Activity begins to pick up again after the holiday period. The focus will shift to the upcoming data reports on the labor market and inflation, and how these will affect the outlook for monetary policy.The [...]

The New Year’s Day observance sits in the middle of the December 30 week. This means some disruptions to normal release patterns. There is an early close for bond markets on Tuesday, and a full [...]

With Christmas, Hanukkah, and other holiday observances dominating the calendar for the next two weeks, there is very little on the US economic data schedule that will demand attention. Most of the numbers will put [...]

Econoday’s Relative Economic Performance Index (RPI) edged up to exactly zero last week, showing recent global economic activity matching market forecasts. However, within the mix, China continues to underperform alongside Canada and Switzerland and the [...]

Econoday’s Relative Economic Performance Index (RPI) closed out last week at minus 4. While not significantly below zero, this extended its unbroken run of sub-zero readings to three weeks and, with the RPI-P at minus [...]

The FOMC meets on Tuesday and Wednesday in the December 16 week with the FOMC statement and update to the quarterly summary of economic projections (SEP) expected at 14:00 ET on Wednesday. Chair Jerome Powell [...]

The European Central Bank (ECB) is anticipated to cut its key deposit rate by 0.25 percentage points at Thursday’s announcement, bringing the rate to 3.00 percent. This aligns with the ECB's broader strategy to achieve [...]

The economic picture facing the SNB as it prepares for December’s Monetary Policy Assessment (MPA) is little changed from that at the time of the September report. Indeed, inflation has fallen even further and is [...]