Key events this week – US – Independence Day, non-farm payrolls, Fed Chair Powell, FOMC minutes, ISM surveys; Europe - ECB Forum on Central Banking, ECB minutes, prelim CPI Jun; Canada labor market; Aus – RBA minutes & retail sales; Global S&P PMIs Recap from...

Key events this week – US PCE inflation, Aus & Canada CPI Recap from last week US spending, housing, and output data for May pointed to solid growth continuing through Q2, providing important context for the policy outlook as the FOMC considers when rate cuts will...

Key events this week – US retail sales, central banks; BoE, RBA, and SNB, inflation; UK, Japan, and Euro Area, S&P prelim PMI’s Jun Recap from last week The FOMC kept monetary policy settings unchanged, emphasizing the importance of balancing its dual mandate. Fed...

Key events this week – FOMC & BoJ meeting this week, US CPI Recap from last week Stronger than expected US payrolls for May will likely continue to support the FOMC in keeping policy rates unchanged at its meeting this week. US non-farm payroll growth in May was...

Key events this week – ECB & BoC meetings, US non-farm payrolls & ISM surveys, Aus GDP Q1, Global S&P PMIs Recap from last week The US PCE inflation print for Apr was in line with expectations and most likely qualifies as ‘heading back in the right...

Key events this week – US PCE inflation, CPI inflation; Euro Area, Aus (monthly), and Tokyo Recap from last week A key theme from the FOMC minutes was the lack of further progress on inflation during Q1. While policy rates were seen as sufficiently restrictive, it was...

Key events this week – US; FOMC minutes, Fed speak, & Durable goods orders; RBA minutes; RBNZ meeting; CPI – UK, Canada, and Japan; Prelim S&P PMIs for May Recap from last week The strength of US inflation and growth through Q1 had supported a shift in the...

Key events this week – US CPI & retail sales; US Fed Chair Powell; Aus budget, labour market, & wages; Europe growth & CPI Recap from last week There was limited data released last week. US data focused on lending conditions and consumer sentiment. The...

Key events this week – BoE and RBA monetary policy meetings, S&P Global Services PMIs Recap from last week The message from the FOMC was clear last week; restrictive policy settings need more time to do their job. As expected, the FOMC kept interest rate settings...

Key events this week – FOMC monetary policy meeting, US non-farm payrolls & ISM surveys, prelim Euro Area GDP Q1 & CPI Recap from last week US inflation data didn’t challenge the narrative that rate cuts could take longer to materialize. The overall PCE...