The Weekly Macro Outlook

Key events for the week ahead – US PCE Price inflation, Japan & Canada CPI, BoJ Monetary Policy Meeting, RBA Minutes Recap from last week Major central banks continued to tighten policy last week. The FOMC increased the FFR by 50bps as US CPI showed signs of...

Key events for the week ahead – FOMC, BoE, ECB, and SNB policy meetings, US CPI and retail sales, Euro area and UK CPI, prelim PMIs Dec Recap from last week The week started with a WSJ article titled “Fed to weigh higher interest rates next year while slowing rises...

Key events for the week ahead – US ISM services PMI, RBA & BoC policy decisions, global services PMIs Recap from last week As broadly expected, Chair Powell signaled that “the time for moderating the pace of rate increases may come as soon as Dec.” The timing of...

Key events for the week ahead – US Non-farm payrolls, US Fed Chair Powell, Euro Area flash CPI Nov, Central bank speeches Recap from last week The FOMC minutes reflected growing support for slowing the pace of rate hikes, with a ‘substantial majority of participants’...

Key events for the week ahead – FOMC & ECB Minutes, Flash PMIs Nov, RBNZ policy decision, US Thanksgiving Holiday Recap from last week US Fed speeches hinted at the possibility to slow the pace of policy tightening from the Dec meeting. Markets are pricing a step...

Key events for the week ahead – US retail sales, US Fed speeches, CPI for Oct; Japan, UK, Canada, and the Euro area, China data, G20 Recap from last week US CPI growth slowed more than expected in Oct increasing expectations that the FOMC will slow the pace of hikes...

Key events for the week ahead – US CPI and the US midterm election Recap from last week Last week the FOMC opened the door to changing the pace of rate hikes. This allows the FOMC to consider the “cumulative tightening of monetary policy” and its effects. The decision...

Key events for the week ahead – FOMC, BoE, & RBA policy decisions, US non-farm payrolls Recap from last week Despite high and persistent inflation, more CBs may be signaling an intention to slow the pace of policy tightening after front-loading hikes. The most...

Key events for the week ahead – BoC, ECB, and BoJ policy decisions, Inflation (US PCE inflation Sep, prelim Euro-area CPIs Oct, Aus CPI Q3), prelim PMIs for Oct, US GDP Q3 Recap from last week While the FOMC looks set to raise rates by 75bps again next week, the focus...

Key events for the week ahead – US earnings, housing and production data, inflation for the UK, Canada, NZ, Eurozone, and Japan, RBA minutes Recap from last week US CPI growth was higher than expected adding to the uncertainty around the path of inflation and keeping...