The three Fed district bank GDP nowcasts for the first quarter 2024 are fairly consistent in anticipating the advance estimate of real GDP set for release at 8:30 ET on Thursday, April 25. At 2-3 [...]
Market participants do not expect the ECB to lower key interest rates on Thursday. Since last month’s meeting, the Eurozone economy has gained some momentum but remains close to recession and inflation has fallen further. [...]
With the employment data out of the way and showing ongoing strength in the labor market through March, attention will turn to inflation numbers.The March consumer price index (CPI) at 8:30 ET on Wednesday is [...]
Global data continue to exceed forecasts at 21 on the Relative Performance Index (RPI) and 26 less prices (RPI-P) to indicate tangible outperformance especially for the real economy. These results are a bit firmer than [...]
The big question for the April 1 week relates to the underlying conditions for the US labor market. Will the change in nonfarm payrolls in March close out the first quarter 2024 at a continued [...]
Global data are continuing to exceed forecasts ending last week at 16 on the Relative Performance Index (RPI) and rising a bit further to 21 when excluding price data (RPI-P) to indicate tangibly greater-than-expected strength [...]
Few data reports are likely to be market movers in the March 25 week. Some of the data will close out early looks at conditions for the manufacturing and service sectors in the first quarter [...]
Economic data proved much better than expected last week, lifting the global economy’s Relative Performance Index (RPI) to 23 for the best score since the outset of 2024. Inflation data aren’t skewing the results which [...]
The consensus is no change but there is significant speculation that the SNB might announce a 25 basis point cut in its policy rate at Thursday’s Monetary Policy Assessment (MPA). Further falls in already low [...]
Forecasters are convinced that there will be no change in Bank Rate this week. At February’s announcement the MPC’s principal dove, Swati Dhingra, was the sole voice calling for a 25 basis point cut. She [...]
