Tax refunds start to arrive. Will consumers spend or save?
The 2025 tax filing season for tax year 2024 opened on January 27 and will run through April 15. This is the normal length of a tax season of about 11-12 weeks. The IRS filing [...]
Last Week: Key Global Events
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policy The Bank of Korea lowered its main policy rate by 25 basis points from 3.00 percent to 2.75 percent at its policy meeting, in line with the consensus [...]
Last Week: Key Global Events
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policy The Reserve Bank of Australia lowered its main policy rate, the cash rate, by 25 basis points from 4.35 percent to 4.10 percent at its meeting today, in [...]
High points for economic data scheduled for February 24 week
The economic data calendar in February presents some challenges in interpreting the scheduled reports. Data for December and January will not encompass more recent developments. Moreover, the January numbers could be affected by the severe [...]
Last Week: Key Global Events
Edited by Simisola Fagbola, Econoday EconomistHere are the key economic indicators and events in the week past.The EconomyInflationThe Consumer Price Index in January jumped 0.5 percent, following a 0.4 percent increase in December, and a [...]
Information Publishing Limited Acquires Econoday, Inc., Expanding Its U.S. Footprint in Economic Data
Information Publishing Limited Acquires Econoday, Inc., Expanding Its U.S. Footprint in Economic Data London/San Francisco: February 12, 2025 - Information Publishing Limited (IPL), an investment holding company known for its strategic investments in [...]
High points for economic data scheduled for February 10 week
After the release of the annual revisions and January payroll numbers on Friday, February 7, interest will shift to the price stability side of the Fed’s dual mandate. At the moment the labor market looks [...]
High points for US economic data scheduled for February 3 week
The big macro news event on the calendar this week is the January employment report due Friday, which will help the Federal Reserve assess the economic outlook after its widely-expected decision to hold rates steady [...]
High points for economic data scheduled for January 27 week
The presence of the January FOMC meeting on Tuesday and Wednesday puts most of the economic data in the shade. After the chilly tone to the FOMC statement and forecasts out of the December 17-18 [...]
The current picture for inflation and inflation expectations
With the first FOMC meeting of 2025 on the near horizon --- January 28-29 – Fed policymakers are going to be carefully parsing the available data on inflation and inflation expectations.The FOMC will only have [...]