Macro Briefing Notes

The Macro Outlook for w/c 20 September 2021

The focus for the week ahead will be firmly on the US FOMC policy decision and a notable number of other central bank meetings. The FOMC will meet this week and submit new economic projections (SEP). The policy decision is likely to include a timeline for tapering –...

read more

The Macro Outlook for w/c 13 September 2021

The focus on the week ahead will be on US data – notably the CPI for Aug, retail sales, and consumer sentiment. It will be a quiet week on the central bank front ahead of the FOMC meeting next week. This week, the US CPI for Aug will be reported, and the pace of...

read more

The Macro Outlook for w/c 6 September 2021

The focus for the week ahead will be on central bank rate decisions. It will be a light data week – with US JOLTS for Jul and US PPI for Aug in focus. This week, the RBA, BoC, and ECB will meet on monetary policy. The expectations are for no change to policy settings...

read more

The Macro Outlook for w/c 30 August 2021

The focus for the week ahead will be on US non-farm payrolls for Aug and growth momentum. It will be a surprisingly quiet week on the central bank front ahead of key meetings next week (RBA, BoC, and ECB next week). Next Monday will be the US Labour Day holiday long...

read more

The Macro Outlook for w/c 23 August 2021

The focus for the week ahead will be on growth and the US Federal Reserve Jackson Hole Policy Symposium to be held on Friday 27 Aug. The growth outlook is under question with the Delta virus gaining a foothold across several countries, including the US. This will be...

read more

The Macro Outlook for w/c 16 August 2021

The focus for the week ahead will be on US retail sales and central bank messaging. This week, minutes from the latest FOMC and RBA meetings will be released. The FOMC minutes will be further scrutinized for any hints of a shift in the message – especially with the...

read more

The Macro Outlook for w/c 9 August 2021

The focus for the week ahead will be on US CPI, PPI, and JOLTS data. It will be a quiet week on the central bank front. US data last week provided a reasonably strong view of the economy. Non-farm payrolls growth exceeded expectations for Jul and the prior two months...

read more

The Macro Outlook for w/c 2 August 2021

The focus for the week ahead will be on US non-farm payrolls for Jul, the US ISM and global Markit PMIs, and the RBA and BoE rates meeting. Increased infections of the delta variant have started to take hold again in several regions/countries. Data has so far...

read more

The Macro Outlook for w/c 26 July 2021

The focus for the week ahead will be on the US FOMC meeting, inflation data, and Q2 GDP. The FOMC will meet this week and no change to policy is anticipated.  The expected timing of a tapering announcement has moved out from Aug (Jackson Hole) to possibly Dec. In...

read more

The Macro Outlook for w/c 19 July 2021

The focus for the week ahead will be on US housing data, the ECB rates decision, and the first look at global manufacturing and services growth for July. Central bank activity will focus on the ECB rates decision and the release of the minutes from the latest RBA and...

read more
MCP Premium Tweets

Archives