High points for US economic data for September 2 week
The September 2 week starts with the Labor Day observance on Monday with a full market close in the US for stocks and bonds. The data calendar will have a few shifts in the normal [...]
August 2024
Global data mostly weak but Eurozone, Canada outperforming
Global economic data continue to underperform expectations, at minus 10 on Econoday’s Relative Performance Index and at minus 21 when excluding price data (RPI-P). The latter offers an indication on real economic activity which has [...]
US inflation and inflation expectations favorable for a rate cut
In the countdown to the September 17-18 FOMC meeting, the number of reports that might change the outlook for a rate cut are fewer. As of Friday, August 30, there is less room for a [...]
High points for US economic data scheduled for August 26 week
As the unofficial end of summer approaches with the Labor Day weekend (August 31-September 2), markets may not be particularly attentive to the economic data calendar. There is nothing on it likely to change the [...]
Global data continues to underperform; China, Eurozone weak
Global data held steady in the underperformance column, ending the week at minus 8 on Econoday’s Relative Performance Index (RPI) and at minus 21 when excluding price data (RPI-P), the latter indicating greater underperformance in [...]
Maybe the FOMC isn’t so surprised by the payroll benchmark revision estimate
It may be making too much of out a single quote, but in the minutes of the July 30-31 FOMC meeting said, “Many participants noted that reported payroll gains might be overstated, and several assessed [...]
High points for US economic data scheduled for August 19 week
Economic data in the August 19 week will take a backseat to the Kansas City Fed’s annual Jackson Hole (August 22-24) which will be brimming with central bankers and offering an opportunity to gauge the [...]
Global data underperforming relative to expectations
Global data edged a little bit deeper into the underperformance column, ending the week at minus 9 on Econoday’s Relative Performance Index (RPI) and at minus 19 when excluding price data (RPI-P), the latter indicating [...]
High points for US economic data scheduled for August 12 week
The dearth of economic data in the August 5 week gives way to a more compelling roster of economic data in the August 12 week. Concerns that the US economy is growing more slowly than [...]
Global data flat to underperforming: China and US both weak
Global data on net are posting near consensus estimates, at minus 7 and just below the zero line on Econoday’s Relative Performance Index (RPI). Yet when excluding what have been as-expected to firmer-than-expected inflation data, [...]