Global economic data are, on net, coming in below consensus forecasts, at minus 13 on Econoday’s Relative Performance Index (RPI), down nearly 30 points from the prior week to indicate that global interest rates may [...]
Fed Chair Jerome Powell spent much of his November 1 press briefing hammering on the point that a pause in hiking rates for a second FOMC meeting in a row does not mean that the [...]
In the face of extreme monetary tightening abroad, speculation was rife that the BoJ might finally be forced to follow suit yesterday. In practice, such talk proved overly aggressive. Max Sato and Jeremy Hawkins [...]
Despite there being a clear MPC split on interest rates in September, further signs that inflation has probably peaked and, more generally, dismal real economy news have left forecasters seemingly fairly confident that the BoE [...]
The global relative performance index is firm at 15 in no small way due to further upside surprises in both the US and Japan. Both mask, however, sub-par developments in the Eurozone and the UK.The [...]
The big question in the October 30 week is whether the FOMC will hold the fed funds target rate range at 5.25-5.50 percent for the second meeting in a row. The present crop of economic [...]
Investors were split over the likelihood of further tightening ahead of the ECB’s September meeting but there is a much broader consensus in favour of no change going into this Thursday’s announcement. Last month’s decision [...]
By Theresa Sheehan, Econoday EconomistChair Jerome Powell’s speech before the Economic Club of New York on October 19 was essentially the last word from Fed policymakers on the outlook for the October 31-November 1 FOMC [...]
By Jeremy Hawkins, Econoday EconomistAny lingering hopes for early interest rate cuts took a knock last week as the global Relative Performance Index (RPI) rose to 16, indicating a clear, albeit still limited, upside bias [...]
The time is coming close for the communications blackout period around the October 31-November 1 FOMC meeting. It will start at midnight on Saturday, October 21 and run through midnight on Thursday, November 2. Thus, [...]
