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. [...]
If the June policy announcement and subsequent official comments are anything to go by, ECB tightening is not over yet. The market consensus is for yet another 25 basis point increase on Thursday that would [...]
None of the economic data on the calendar for the July 24 week will garner nearly as much attention as the FOMC meeting on Tuesday and Wednesday. In spite of widespread anticipation of a 25 [...]
The data stars are aligning in a way likely perhaps to keep the FOMC from raising interest rates at the upcoming July 25-26 meeting. The most recent inflation numbers for June show further progress in [...]
The announcement that St. Louis Fed President James Bullard will be stepping down as of August 14 means that the most senior among the District Bank presidents is leaving office. Bullard was sworn in on [...]
In assessing how Fed policymakers will react to the June CPI data, it may be worthwhile to take a look at not only the month-over-month and year-over-year percent changes, but also what it looks like [...]
In the July 10 week the focus will be on the reports related to inflation – the consumer price index (CPI), final-demand producer price index (PPI), and the import and export price indexes. All three [...]
How much progress has been made in quantitative tightening since the Fed started, in June last year, to reduce its reserve holdings of US treasuries and agency mortgage-backed securities?It was on May 4, 2022 that [...]
