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 [...]
The evidence in half-over-half percent changes in the December CPI report is that upward price pressures at the consumer level are easing back to the Federal Reserve’s two percent inflation objective, and that the improvement [...]
Boeing reported 371 new commercial aircraft orders in December, up 257 from the 114 orders in November, and ending 2023 with gross new orders of 1,456 units, and net of cancellation of 1,314 units. The [...]
The economic data calendar in the January 8 week is light. There will be plenty of time to digest the implications of the December employment numbers. However, the week does have one critical data report [...]
Global economic data are on an upswing reflected in the Relative Performance Index (RPI) which is at plus 15. Signs last week that the Eurozone economy might have been stronger than expected in December boosted [...]
The St. Louis Fed announces its selection of Alberto G. Musalem to be its next president and CEO. He will be sworn in on April 2, 2024. Musalem will complete the unexpired term that ends [...]
The week begins with the January 1 holiday that results in some shifts in the normal economic data release calendar. The ISM reports – manufacturing and services, respectively – for December will be out one [...]
The outlook for Fed monetary policy in 2024 is being shaped in large part by the inflation data and by inflation expectations for consumers and businesses. The challenge facing the FOMC is correctly interpreting the [...]
The December 25 week is essentially devoid of scheduled economic data that have market-moving potential. Most of the data will receive scan attention when released. Many businesses will be operating with minimal staffing or closed, [...]
Global economic on net are exactly hitting consensus forecasts, producing a zero reading on the Relative Performance Index. But readings among individual economies show the usual variation with the Eurozone closing out a generally disappointing [...]
