The economic data in the August 21 week will take a backseat to the annual Jackson Hole Symposium over the three days of August 24-26. This year’s topic is “Structural Shifts in the Global Economy”. [...]
In the August 14 week, there will be more economic data that will affect the outlook for Federal Reserve monetary policy, although there is much more to come before the September 19-20 FOMC meeting. With [...]
At the start of the third quarter 2023, the outlook for the cost-of-living-adjustment (COLA) for Social Security beneficiaries is for a modest increase in January 2024. Based on the CPI-W for July only, the year-over-year [...]
Yield curves are inverted across North America, much of Europe and parts of the Southern Hemisphere but investors are split over what happens next to the global economy. Is a downturn just around the [...]
The August 7 week is going to be a sleepy one for economic data with only two reports likely to wake up markets.With the July employment data out of the way, the focus for the [...]
The Kansas City Fed announces the appointment of Jeffrey R. Schmid as its next president and CEO as of August 21. Schmid takes over from Esther George who retired in January and will fill the [...]
The Fed’s Senior Loan Officer Opinion Survey for July is consistent with tighter financial conditions in the second quarter 2023. Loan officers report tighter standards for lending and weaker demand for commercial and industrial loans [...]
Following the surprise 50 basis point hike in Bank Rate in June, the BoE MPC is generally expected to revert to a smaller 25 basis point increase this week. However, there is a significant minority [...]
The July 31 week will be narrowly focused on what is happening in the labor market. At his July 26 press briefing, Fed Chair Jerome Powell said the US labor market remains “very tight”. Despite [...]
A quick roll call of FOMC voters suggests that before the communications blackout period began, the need for further rate hikes to ensure that inflation comes back to the 2 percent target was essentially unanimous. [...]
