Not for the first time, the SNB surprised investors at its September’s Monetary Policy Assessment (MPA) when it announced no change to its policy rate. Despite some earlier hawkish rhetoric, a downward revision to the [...]
Little is expected from Thursday’s policy announcement. A very sizeable consensus sees Bank Rate being left at 5.25 percent and investors and financial markets alike seem quite convinced that the next move will be down, [...]
Global economic data are coming in very close to the zero line, at plus 2 on the Relative Performance Index. This compares with a score of 3 in the prior week to indicate that international [...]
Attention In the December 11 week will be narrowly focused on the rate announcement out of the December 12-13 FOMC meeting at 14:00 ET on Wednesday, along with the quarterly update to the summary of [...]
In the December 4 week, Fed policymakers will be out of the public ear during the communications blackout period around the December 12-13 FOMC meeting. The blackout begins at midnight on Saturday, December 2 and [...]
Global data on net are coming in right at expectations, at plus 3 on the Relative Performance Index; zero on this index marks exact matching of consensus forecasts with actual results.The Eurozone has been lagging [...]
The lineup of the 2023 FOMC voters will be in place until the FOMC meeting on January 30-31, 2024.In 2023, the rotation of district bank presidents voting at FOMC meetings consists New York’s John Williams [...]
The available data for forecasting GDP growth in the fourth quarter 2023 are still scanty and the outlook could change as more numbers become available. However, the three Fed district bank GDP Nowcasts are surprisingly [...]
Two questions will dominate in the November 27 week. First, how is the 2023 winter holiday shopping season shaping up? Second, will the FOMC raise rates again at the December 12-13 meeting. This week there [...]
Global economic activity continues to struggle to keep up with market expectations. At minus 17, the RPI shows forecasters on average not too wide of the mark but underperformance can only bolster the chances of [...]
