Federal Reserve policymakers will not be commenting on monetary policy this week since it falls within the communications blackout period that surrounds the April 30-May 1 FOMC meeting. Expectations for the meeting are consistent with [...]
Having consistently surprised on the upside over the last four weeks or so, global economic activity was weaker than forecast last week. That said, at minus 11 and minus 5 respectively, both the Relative Performance [...]
The last economic data report that has the potential to change the tone of the upcoming FOMC meeting on April 30-May 1 is retail and food services sales at 8:30 ET on Monday. Sales were [...]
Global data on net are coming in right at expectations, at plus 1 and very near the zero line on Econoday’s Relative Performance Index. When excluding inflation, however, the index less prices (RPI-P) rises to [...]
The three Fed district bank GDP nowcasts for the first quarter 2024 are fairly consistent in anticipating the advance estimate of real GDP set for release at 8:30 ET on Thursday, April 25. At 2-3 [...]
Market participants do not expect the ECB to lower key interest rates on Thursday. Since last month’s meeting, the Eurozone economy has gained some momentum but remains close to recession and inflation has fallen further. [...]
With the employment data out of the way and showing ongoing strength in the labor market through March, attention will turn to inflation numbers.The March consumer price index (CPI) at 8:30 ET on Wednesday is [...]
Global data continue to exceed forecasts at 21 on the Relative Performance Index (RPI) and 26 less prices (RPI-P) to indicate tangible outperformance especially for the real economy. These results are a bit firmer than [...]
The big question for the April 1 week relates to the underlying conditions for the US labor market. Will the change in nonfarm payrolls in March close out the first quarter 2024 at a continued [...]
Global data are continuing to exceed forecasts ending last week at 16 on the Relative Performance Index (RPI) and rising a bit further to 21 when excluding price data (RPI-P) to indicate tangibly greater-than-expected strength [...]
