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 [...]
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 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 [...]
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) [...]
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 [...]
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 [...]
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 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 [...]
The impact of a presidential race on consumer confidence is murky. Consumers’ perceptions of the world are more heavily influenced by the things that have an immediate impact on household budgets and planning. Who is [...]
The September 2 week starts with the Labor Day observance on Monday with a full market close in the US for stocks and bonds. The data calendar will have a few shifts in the normal [...]
