Having delivered the widely anticipated 25 basis point cut in key interest rates in June, the ECB is expected to leave policy unchanged at what will be its last meeting before the summer recess. Since [...]

Expectations are high that the FOMC will be cutting rates soon – perhaps at the September 17-18 meeting. Any economic data that would support that outlook will be welcome. The reports during the July 15 [...]

Global economic data came in a bit nearer to forecasts in the prior week, improving to minus 8 on the Relative Performance Index (RPI) and minus 11 less prices (RPI-P). These scores are only slightly [...]

One of the main themes of the July 2024 semiannual monetary policy testimony was the need for the Federal Reserve to remain an independent central bank against the not-so-subtle subtext that US central bankers need [...]

There are two important questions for the July 8 week. The first is what will Fed Chair Jerome Powell say in his semiannual monetary policy testimony at 10:00 ET on Tuesday before the Senate Banking [...]

Global economic data have been missing expectations since the end of May, a sustained trend that points to central-bank rate cuts and a decline for Econoday’s Global Policy Rate (a weighted average of the major [...]

The July 1 week includes the Independence Day observance on Thursday when there will be a full close of stock and bond markets in the US. The timing of the federal holiday will cause some [...]

Econoday’s Relative Performance Index (RPI) ended the week at minus 8 to indicate that global economic data, on net, are coming in just on the low side of consensus estimates. This extends a month-long trend [...]

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 [...]