High points for economic data scheduled for September 26 week
Most of the economic data are going to be less relevant in the wake of the FOMC’s 75 basis point rate hike on September 21. Housing data will mostly look back at August when there [...]
September BoE MPC Preview: Tightening into recession
Financial markets have become very used to the BoE MPC raising Bank Rate. It has done so at every policy-setting meeting since it began the current tightening cycle last December and expectations are that Thursday’s [...]
SNB preview September 2022: When a strong Swiss franc is not such a bad thing
The SNB’s unexpectedly large 50 basis point hike in its benchmark rate to minus 0.25 percent in June was widely seen as indicative of a major shift in policy and proof of the central bank’s [...]
High points for economic data scheduled for September 19 week
The US calendar in the September 19 week is dominated by the September 20-21 FOMC meeting. In recent weeks Fed policymakers have been sending strong and consistent signals that taming inflation remains the priority for [...]
Manufacturing down but not out in New York and Philly Fed surveys
The September readings of the general business conditions indexes in the New York and Philadelphia Feds surveys of manufacturing moved in different directions. However, in the end, they appear to be telling much the same [...]
High points for economic data scheduled for September 12 week
In the September 12 week, analysts will keep a close watch on the economic data to shape expectations for the September 20-21 FOMC meeting. Fed policymakers will be in their communications blackout period (midnight, September [...]
High points for US economic data scheduled for week ahead
September 5 week was a full market close in observance of Labor Day making a sparse week for the economic calendar even sparser. This will allow plenty of time to mull over the August employment [...]
September ECB meeting preview: Desperate times call for desperate measures
Having been surprised by the magnitude of the interest rate hike in July, the majority of investors now believe that the ECB is set on front-end loading its tightening policy as it tries to bring [...]
High points for economic data scheduled for August 29 week
The focus for the coming week is going to be data related to the labor market. To all appearances growth in the US economy is slow. The Bureau of Economic Analysis has reported a shallow economic contraction for the first and second quarters; early forecasts for the third quarter expect a return narrow expansion.