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 [...]
At the midpoint of the March 18 week is the release of the FOMC statement and summary of economic projections (SEP) at 14:00 ET on Wednesday followed by Chair Jerome Powell’s press briefing at 14:30 [...]
Econoday’s global Relative Performance Index (RPI) held unchanged in the week at a perfect zero score, perfect that is for Econoday’s consensus forecasts that on net are exactly matching actual outcomes. But there’s a separation [...]
Improvement for both the US and China last week lifted the global Relative Performance Index (RPI) by 20 points to zero indicating that global data, on net, are exactly hitting Econoday’s consensus forecasts. When excluding [...]
The communications blackout period around the March 19-20 FOMC meeting goes into effect at midnight on Saturday, March 9 and runs through midnight on Thursday, March 21. Fed speakers will be absent from the public [...]
At the ECB’s January meeting, there was a unanimous decision to leave key interest rates on hold and forecasters anticipate the same neutral outcome this week. Thursday’s announcement is widely expected to leave the deposit [...]
The March 4 week has two reports that are likely to inform the tone of the deliberations at the upcoming March 19-20 FOMC meeting. However, these will be overshadowed by Fed Chair Jerome Powell’s upcoming [...]
The US has pulled down the Relative Performance Index (RPI) to minus 20 for global data overall and to minus 17 less prices (RPI-P). The downturn in the US RPI, which is now in sizable [...]
