High points for US economic data scheduled for February 11 week
Data in the February 11 week will provide a look at some economic conditions in the first month or so of 2024. The two standouts are likely to be the January CPI data at 8:30 [...]
Global data near forecasts at minus 9 on the RPI; Japan and China lag
Global economic data on net are coming in within consensus forecasts and near the breakeven line for the Relative Performance Index (RPI), at minus 9 overall and minus 10 when excluding prices (RPI-P) to indicate [...]
CPI annual revisions hold no surprises
Annual revisions to 2023’s CPI data issued on February 9 hold no surprises, unlike the upward revision in 2022. The all-items CPI had some minor revisions for the October-December period, while the core CPI – [...]
Podcast – Central banks stand firm – for now
So far in 2024, the major central banks have resisted pressure in financial markets for early interest rate cuts. Pushback in some quarters has become more vocal so just how long will it be [...]
High points for US economic data scheduled for February 5 week
The FOMC meeting of January 30-31 concluded with no change in rates and a hawkishly optimistic outlook for the dual mandate as well as good progress on price stability and a tight labor market, but [...]
Global data near forecasts; RPI at minus 5 and RPI-P at minus 6
Global economic data on net are coming in very near Econoday’s consensus forecasts and very near the breakeven line for the Relative Performance Index (RPI), at minus 5 overall and minus 6 when excluding prices [...]
Checklist for the January 30-31 FOMC meeting
The next FOMC meeting will not be a nonevent, but mostly an opportunity to set up expectations for monetary policy in the coming year.Going into the January 30-31 FOMC meeting, the consensus is for no [...]
February BoE MPC Preview: Counting the votes
While the BoE is widely seen lowering interest rates over coming months, there is a clear consensus expecting Thursday’s policy announcement to leave Bank Rate at 5.25 percent, the level to which it was raised [...]
High points for US economic data scheduled for January 29 week
The first FOMC meeting of 2024 is Tuesday and Wednesday, January 30-31. Fed policymakers are expected to hold the fed funds target rate at 5.25-5.50 percent, pausing in the current rate cycle for the fourth [...]
Global data slightly ahead of forecasts; RPI at 8 and RPI-P at 10
Global economic data are trending at the top end of the consensus ranges reflected in the Relative Performance Index (RPI) at 8 and the index less prices (RPI-P) at 10, both a bit above the [...]