Summer didn’t officially start until June 19, but for consumers the informal start is the Memorial Day weekend. That came a little earlier than usual on Monday, May 27. The softer performance of retail sales [...]
Economic data with market-moving potential is hard to find for the June 24 week. The calendar is not lacking in reports as the second quarter comes to a close. It is simply that most of [...]
Global activity has been tracking on the soft side of forecasts for the last month. Econoday’s Relative Performance Index (RPI) ended the week at minus 9 to indicate that global data, on net, are coming [...]
Global economic data are coming in just below Econoday’s consensus medians, at minus 12 for the overall Relative Performance Index (RPI) and at minus 11 less prices (RPI-P). These readings have been little changed for [...]
The week contains the federal holiday of Juneteenth on Wednesday. While federal offices will be closed, private offices could be open in order to give their employees a four-day weekend around the Independence Day observance [...]
The SNB surprised financial markets with a 25 basis point cut in its policy rate to 1.50 percent in March so investors are all the more cautious going into this quarter’s Monetary Policy Assessment (MPA). [...]
The BoE’s May MPC meeting saw Deputy Governor Dave Ramsden join long-term dove Swati Dhingra in calling for an immediate 25 basis point cut in interest rates. The other seven members all again opted for [...]
The FOMC meets on Tuesday and Wednesday of the June 10 week. The FOMC statement released at 14:00 ET on Wednesday will get a close read for any guidance in regard to the interest rate [...]
In the main, economic activity continues to fall slightly short of market expectations and was reflected last week in interest rate cuts from both the Bank of Canada and the European Central Bank. The global [...]
Investors and financial markets will be very surprised - and not at all happy - should Thursday’s ECB announcement not include the first cut in key interest rates since September 2019. With even the more [...]
