There may be differences over the desired size of any hike, but a concerted raft of hawkish comments from Governing Council (GC) members this month strongly suggests unanimity over the need for higher ECB interest [...]
Having already been raised in December 2021 and again at each MPC meeting in 2022, Bank Rate is widely expected to be hiked for a tenth successive time on Thursday. However, the magnitude of Thursday’s [...]
The January 30 week will see a laser-focus on the outcome of the January 31-February 1 FOMC meeting. It is not in question as to whether FOMC voters will raise the fed funds target range [...]
The January 23 week encompasses the communications blackout period around the January 31-February 1 FOMC meeting. This starts at midnight on Saturday, January 21 and runs through midnight on Thursday, January 26. Fed officials will [...]
The general business conditions index in the New York Fed’s Empire State manufacturing survey plunged 21.7 points to minus 32.9, its lowest since minus 78.2 in April 2020 and minus 48.5 in May 2020 during [...]
The January 16 week starts with a federal holiday on Monday to observe Marin Luther King, Jr. Day. There will be a full close for both the bond and stock markets. There will be little [...]
As a footnote to the December CPI numbers, it is worth to look at former Fed Vice Chair Alan Blinder’s January 5 op-ed in the Wall Street Journal where he said that the year-over-year readings [...]
Boeing announced 250 new orders for commercial aircraft in December after no orders being booked in November. The hefty increase ends 2022 with a flourish with gross new orders of 935, somewhat better than the [...]
The January 9 week has a light data schedule. There will be time to consider the implications of the December jobs report from Friday, January 6 on the direction of monetary policy when the FOMC [...]
The new year starts off slowly in the January 2 week. Monday is a federal holiday with full market closures. Release of the economic data is minimal on Tuesday. Most of the reports are crowded [...]
