The global relative performance index is firm at 15 in no small way due to further upside surprises in both the US and Japan. Both mask, however, sub-par developments in the Eurozone and the UK.The [...]
The big question in the October 30 week is whether the FOMC will hold the fed funds target rate range at 5.25-5.50 percent for the second meeting in a row. The present crop of economic [...]
Investors were split over the likelihood of further tightening ahead of the ECB’s September meeting but there is a much broader consensus in favour of no change going into this Thursday’s announcement. Last month’s decision [...]
By Theresa Sheehan, Econoday EconomistChair Jerome Powell’s speech before the Economic Club of New York on October 19 was essentially the last word from Fed policymakers on the outlook for the October 31-November 1 FOMC [...]
By Jeremy Hawkins, Econoday EconomistAny lingering hopes for early interest rate cuts took a knock last week as the global Relative Performance Index (RPI) rose to 16, indicating a clear, albeit still limited, upside bias [...]
The time is coming close for the communications blackout period around the October 31-November 1 FOMC meeting. It will start at midnight on Saturday, October 21 and run through midnight on Thursday, November 2. Thus, [...]
Monday, October 9 is a federal holiday to observe Indigenous People’s Day/Columbus Day in the US. However, this holiday is not universally observed. Bond markets are closed in the US, but stock markets are open. [...]
With the prospect of a government shutdown resolved – for now – the economic data calendar does not face any disruptions in the October 2 week. It is a week with plentiful data about the [...]
While the economic data calendar is well-populated in the September 25 week, nothing will distract from the looming federal shutdown if Congress fails to fund the government by September 30. A failure to pass a [...]
Expectations are that the FOMC will leave rates unchanged after their deliberations on September 19-20. These are unlikely to be disappointed.The FOMC is unanimous in its determination to quell inflation and bring it back to [...]
