High points for economic data scheduled for August 7 week
The August 7 week is going to be a sleepy one for economic data with only two reports likely to wake up markets.With the July employment data out of the way, the focus for the [...]
Jeffrey Schmid to step up as KC Fed president Aug. 21
The Kansas City Fed announces the appointment of Jeffrey R. Schmid as its next president and CEO as of August 21. Schmid takes over from Esther George who retired in January and will fill the [...]
US loan officers report tighter lending standards
The Fed’s Senior Loan Officer Opinion Survey for July is consistent with tighter financial conditions in the second quarter 2023. Loan officers report tighter standards for lending and weaker demand for commercial and industrial loans [...]
August BoE MPC Preview: Inflation volatility maintains interest rate uncertainty
Following the surprise 50 basis point hike in Bank Rate in June, the BoE MPC is generally expected to revert to a smaller 25 basis point increase this week. However, there is a significant minority [...]
High points for economic data scheduled for July 31 week
The July 31 week will be narrowly focused on what is happening in the labor market. At his July 26 press briefing, Fed Chair Jerome Powell said the US labor market remains “very tight”. Despite [...]
Roll call of FOMC voters for July 25-26 meeting
A quick roll call of FOMC voters suggests that before the communications blackout period began, the need for further rate hikes to ensure that inflation comes back to the 2 percent target was essentially unanimous. [...]
July ECB meeting preview: The interest rate peak may be within sight
If the June policy announcement and subsequent official comments are anything to go by, ECB tightening is not over yet. The market consensus is for yet another 25 basis point increase on Thursday that would [...]
High points for economic data scheduled for July 24 week
None of the economic data on the calendar for the July 24 week will garner nearly as much attention as the FOMC meeting on Tuesday and Wednesday. In spite of widespread anticipation of a 25 [...]
Podcast – Global economic update: Where next?
While the general trend in interest rates remains up, inflation in many parts of the world is cooling as economic activity responds to the unprecedented monetary tightening already delivered. The Econoday team looks at [...]
High points for economic data scheduled for July 17 week
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 [...]