On Monday, April 24, the Census Bureau issued annual revisions to the retail sales data. The revisions stretch back through 2010 but with negligible differences over most of that time. They are, however, more noticeable starting in 2021.
If the 35.4 point rise in the New York Fed’s manufacturing general business conditions index to 10.8 in April raised hopes of a rebound for the factory sector, the index’s counterpart in the Philadelphia Fed manufacturing business outlook survey dashed them.
There are few economic data reports with market-moving potential in the April 17 week. Strength in the housing market should not be a surprise.
The April 10 week is a fairly busy one for economic data. The standouts will be the March CPI data on Wednesday at 8:30 ET and retail and food services sales at 8:30 ET on [...]
The focus in the April 3 week will be on labor market data, just how tight employment remained at the end of the first quarter 2023 and what that means for the economic outlook and monetary policy
There are few reports with market-moving potential in the March 27 week. Most of the data will add a nuance to what is already known regarding conditions in the housing market in February, the state [...]
In line with most other major central banks, the SNB had been expected to extend its tightening cycle this week. Having last raised its policy rate by 50 basis points to 1.0 percent in December, [...]
The March BoE MPC meeting had been widely expected to deliver an eleventh successive increase in Bank Rate with the majority of forecasters looking for a 25 basis point hike in the benchmark rate to [...]
There is little doubt that the coming will be tightly focused on the FOMC meeting on Tuesday and Wednesday. The release of the meeting statement at 14:00 ET on Wednesday will settle speculation about whether [...]
In terms of policy, Thursday’s announcement should be something of a damp squib. Although supposedly no longer offering forward guidance, the February statement made it clear that the ECB intends to raise its key interest [...]
