Econoday’s aggregate Relative Performance Index ended the December 15 week at plus 1, very near the zero line for a third week in a row to indicate that global economic data, on net, are hitting [...]
In line with the October meeting, investors are confident that this Thursday’s ECB announcement will leave key interest rates on hold. Indeed, further warning signs of an impending Eurozone recession together with a surprisingly steep [...]
Not for the first time, the SNB surprised investors at its September’s Monetary Policy Assessment (MPA) when it announced no change to its policy rate. Despite some earlier hawkish rhetoric, a downward revision to the [...]
Little is expected from Thursday’s policy announcement. A very sizeable consensus sees Bank Rate being left at 5.25 percent and investors and financial markets alike seem quite convinced that the next move will be down, [...]
Global economic data are coming in very close to the zero line, at plus 2 on the Relative Performance Index. This compares with a score of 3 in the prior week to indicate that international [...]
Attention In the December 11 week will be narrowly focused on the rate announcement out of the December 12-13 FOMC meeting at 14:00 ET on Wednesday, along with the quarterly update to the summary of [...]
In the December 4 week, Fed policymakers will be out of the public ear during the communications blackout period around the December 12-13 FOMC meeting. The blackout begins at midnight on Saturday, December 2 and [...]
Global data on net are coming in right at expectations, at plus 3 on the Relative Performance Index; zero on this index marks exact matching of consensus forecasts with actual results.The Eurozone has been lagging [...]
The lineup of the 2023 FOMC voters will be in place until the FOMC meeting on January 30-31, 2024.In 2023, the rotation of district bank presidents voting at FOMC meetings consists New York’s John Williams [...]
The available data for forecasting GDP growth in the fourth quarter 2023 are still scanty and the outlook could change as more numbers become available. However, the three Fed district bank GDP Nowcasts are surprisingly [...]
