Immediately following September’s well-flagged ease, the ECB seemed happy to hold policy steady until December. However, with inflation having fallen below target last month and the real economy essentially flatlining, forecasters now anticipate a second [...]
The traditional winter holiday shopping season is 2024 is a short 27 days compared to the average of 30 days between Thanksgiving and Christmas.Of course, the traditional winter holiday shopping season isn’t what it used [...]
The October 14 week begins with a federal holiday on Monday with the observance of Indigenous Peoples’/Columbus Day. However, this day is far from universally observed in the US. Bond markets will be closed, but [...]
Econoday’s Relative Economic Performance Index (RPI) remained sub-zero last week. At minus 14, the current reading signals recent global economic activity slightly lagging despite limited positive contributions from the U.S., UK and Japan.With the notable [...]
The highlight of the US economic data in the October 7 week will be the consumer price index (CPI) for September at 8:30 ET on Thursday. The report is expected to provide more evidence that [...]
At minus 8, Econoday’s Relative Economic Performance Index (RPI) continues to show recent global economic activity lagging market expectations, but not by much. China in particular remains a significant drag, but Eurozone readings have improved [...]
On September 18 the FOMC lowered the fed funds target range by an aggressive 50 basis points to 4.75-5.00 percent, beginning the process of easing restrictive monetary policy put in place to combat inflation. The [...]
At the close of the third quarter 2024, all eyes will be on the employment report for September at 8:30 ET on Friday, October 4.The strike at Boeing which began on September 13 will not [...]
Closing the week at minus 22, Econoday’s Relative Economic Performance Index (RPI) shows global economic activity continuing to fall somewhat short of market expectations. This is particularly true of China, where policy was eased significantly [...]
Should the central bank see fit to ease at what would be a third successive Monetary Policy Assessment (MPA), there would seem to be few hurdles in the path of another cut in the SNB’s [...]
