Named as the Chicago Fed’s next president, Austan Goolsbee will complete Charles Evans’ term which ends on February 28, 2026 and will be eligible for reappointment. Goolsbee has significant public service experience, including a stint [...]
Absent something unusual, the December 13-14 meeting is the last at which the current set of FOMC voters will set their stamp on monetary policy. FOMC voters consist of the seven members of the Board [...]
The November 28 week ramps back up to a full schedule as November closes out and December begins. The two standouts are likely to be the release of the Fed’s Beige Book on Wednesday at [...]
The November 21 week is essentially a 3-day week. The Thanksgiving holiday on Thursday is followed by Black Friday on which many people take off or which businesses offer in exchange for working Veterans Day. [...]
The November 14 week has a busy data release schedule that could have some good news and some less good news. The three things that markets will be looking for are: 1) the pace of [...]
The November 7 week is shortened by the observance of Veterans Day on Friday. Given the scanty data schedule during the week, it won’t significantly impact the economic news. The federal holiday means a full [...]
At one point it seemed that the economic and political chaos prompted by the Truss government’s mini-budget in September would completely upend the BoE’s plans for monetary policy. However, the subsequent succession of fiscal policy [...]
In the week before the November 8 mid-term elections, it may be hard to look at the economic data and/or FOMC decision except through the lens of politics. I anticipate a lot of conspiracy-tinged talk [...]
The traditional holiday shopping period associated with the winter holidays is the stretch of Thanksgiving through Christmas. This year’s calendar has some interesting quirks.The early birds have already started their holiday shopping for gifts and [...]
Financial markets are convinced that Thursday’s ECB announcement will include another sizeable increase in key interest rates. In line with the last move in September, the only uncertainty is about the magnitude. The consensus is [...]