With the release of the January PCE deflator data, the overall inflation picture at the start of 2024 is one in which further progress on bringing inflation back to the Fed’s two percent flexible average [...]
Although there is a lot of data on the calendar for the February 26 week, those with market moving potential are few. Much of the data will complete a picture already forming. Although the week [...]
The global economy is performing much as expected. However, a Relative Performance Index of 1 masks a significant divergence between the major regions which, in the main, has left financial markets more cautious about the [...]
Monday, February 19 is a federal holiday in the US but will have minimal impact on routine release schedules.Most of the economic data will take a backseat to the release of the minutes of the [...]
Global economic data on net are coming in within consensus forecasts and near the breakeven zero-line for the Relative Performance Index (RPI), at minus 7 overall and minus 8 when excluding prices (RPI-P) to indicate [...]
January’s data on retail and food services spending proved disappointing, much of it due to a decline in unit motor vehicle sales and a dip in prices for gasoline. However, the softness was broad-based and [...]
Data in the February 11 week will provide a look at some economic conditions in the first month or so of 2024. The two standouts are likely to be the January CPI data at 8:30 [...]
Global economic data on net are coming in within consensus forecasts and near the breakeven line for the Relative Performance Index (RPI), at minus 9 overall and minus 10 when excluding prices (RPI-P) to indicate [...]
Annual revisions to 2023’s CPI data issued on February 9 hold no surprises, unlike the upward revision in 2022. The all-items CPI had some minor revisions for the October-December period, while the core CPI – [...]
The FOMC meeting of January 30-31 concluded with no change in rates and a hawkishly optimistic outlook for the dual mandate as well as good progress on price stability and a tight labor market, but [...]
