The data stars are aligning in a way likely perhaps to keep the FOMC from raising interest rates at the upcoming July 25-26 meeting. The most recent inflation numbers for June show further progress in [...]
The announcement that St. Louis Fed President James Bullard will be stepping down as of August 14 means that the most senior among the District Bank presidents is leaving office. Bullard was sworn in on [...]
In assessing how Fed policymakers will react to the June CPI data, it may be worthwhile to take a look at not only the month-over-month and year-over-year percent changes, but also what it looks like [...]
In the July 10 week the focus will be on the reports related to inflation – the consumer price index (CPI), final-demand producer price index (PPI), and the import and export price indexes. All three [...]
How much progress has been made in quantitative tightening since the Fed started, in June last year, to reduce its reserve holdings of US treasuries and agency mortgage-backed securities?It was on May 4, 2022 that [...]
Although retail sales data for the second quarter 2023 are not yet complete, so far it looks like it could be solid enough to keep GDP from being negative when the advance estimate is released [...]
The July 3 week is shortened by what is effectively a holiday on Monday and the Independence Day observance on Tuesday. US stock and bond markets are open on Monday, but will both close early. [...]
The June 26 week closes out the second quarter 2023 with little economic data likely to cause any surprise in the days leading up to what will be for many the long Independence Day weekend [...]
On Friday, June 23, the Federal Reserve released the tentative meeting calendar for 2024. There were no changes to the 2023 meeting calendar. The only item of note is that the November 6-7, 2024 meeting [...]
Having previously delivered a 50 basis point hike at the March Monetary Policy Assessment (MPA), the SNB is widely expected to raise its policy rate again on Thursday. The last change lifted the benchmark rate [...]
