The next FOMC meeting will not be a nonevent, but mostly an opportunity to set up expectations for monetary policy in the coming year.Going into the January 30-31 FOMC meeting, the consensus is for no [...]
While the BoE is widely seen lowering interest rates over coming months, there is a clear consensus expecting Thursday’s policy announcement to leave Bank Rate at 5.25 percent, the level to which it was raised [...]
The first FOMC meeting of 2024 is Tuesday and Wednesday, January 30-31. Fed policymakers are expected to hold the fed funds target rate at 5.25-5.50 percent, pausing in the current rate cycle for the fourth [...]
Global economic data are trending at the top end of the consensus ranges reflected in the Relative Performance Index (RPI) at 8 and the index less prices (RPI-P) at 10, both a bit above the [...]
Little is expected from Thursday’s ECB announcement. Key interest rates are widely expected to be lowered over the course of the year but analysts see at most only a very slim chance of any move [...]
The communications blackout period around the January 30-31 FOMC meeting goes into effect at midnight on Saturday, January 20 and lasts through midnight on Thursday, February 1. At this writing, Fed officials have pretty much [...]
Underpinned by the US, global economic data are coming in slightly ahead of expectations, at 11 for the Relative Performance Index. When excluding prices (RPI-P), the index eases slightly to 5 and very near the [...]
On Tuesday, January 16, the general business conditions index in the New York Fed’s Empire State survey of manufacturing plunged 29.2 points to minus 43.7 in the January report. On Thursday, January 18, the Philadelphia [...]
January 15 is a federal holiday for the observance of M.L. King, Jr. day in the US. Stock and bond markets will be fully closed, but many businesses will be open. Disruptions to the data [...]
Global economic activity has been exceeding expectations for much of the past six weeks, though only modestly in the latest week at plus 6 on Econoday’s Relative Performance Index (RPI). Even so, extended outperformance would [...]
