Underpinned by the US, global economic data are coming in slightly ahead of expectations, at 11 for the Relative Performance Index. When excluding prices (RPI-P), the index eases slightly to 5 and very near the [...]
On Tuesday, January 16, the general business conditions index in the New York Fed’s Empire State survey of manufacturing plunged 29.2 points to minus 43.7 in the January report. On Thursday, January 18, the Philadelphia [...]
January 15 is a federal holiday for the observance of M.L. King, Jr. day in the US. Stock and bond markets will be fully closed, but many businesses will be open. Disruptions to the data [...]
Global economic activity has been exceeding expectations for much of the past six weeks, though only modestly in the latest week at plus 6 on Econoday’s Relative Performance Index (RPI). Even so, extended outperformance would [...]
The evidence in half-over-half percent changes in the December CPI report is that upward price pressures at the consumer level are easing back to the Federal Reserve’s two percent inflation objective, and that the improvement [...]
Boeing reported 371 new commercial aircraft orders in December, up 257 from the 114 orders in November, and ending 2023 with gross new orders of 1,456 units, and net of cancellation of 1,314 units. The [...]
The economic data calendar in the January 8 week is light. There will be plenty of time to digest the implications of the December employment numbers. However, the week does have one critical data report [...]
Global economic data are on an upswing reflected in the Relative Performance Index (RPI) which is at plus 15. Signs last week that the Eurozone economy might have been stronger than expected in December boosted [...]
The St. Louis Fed announces its selection of Alberto G. Musalem to be its next president and CEO. He will be sworn in on April 2, 2024. Musalem will complete the unexpired term that ends [...]
The week begins with the January 1 holiday that results in some shifts in the normal economic data release calendar. The ISM reports – manufacturing and services, respectively – for December will be out one [...]
