Macro Briefing Notes (unlocked)

The Macro Outlook for w/c 9 September 2024

Key events this week – US CPI & PPI, ECB policy meeting Recap from last week The US labor market hiring continued to slow in Aug while the unemployment rate edged only slightly lower. Last week, US Fed Governor Waller noted that the risks to the labor market have...

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The Macro Outlook for w/c 2 September 2024

Key events this week – US non-farm payrolls & labor market update, ISM surveys, US Fed Governor Waller speech, BoC policy meeting Outlook for the week ahead This week, the focus will be on the Aug US labor market update and its implications for the path of US...

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The Macro Outlook for w/c 19 August 2024

Key events this week – Jackson Hole Symposium, FOMC, RBA, & ECB minutes, Japan & Canada CPI, S&P prelim PMIs Aug Recap from last week Data last week provided important inputs for the FOMC as it considers the case for rate cuts. At the last meeting, Fed...

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The Macro Outlook for w/c 12 August 2024

Key events this week – US CPI, PPI, & retail sales, UK CPI, RBNZ meeting, Aus labour market, GDP; Eurozone, UK, & Japan Recap from last week The week began with heightened fears of a slowdown in US growth amid significant market turbulence. Despite a light...

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The Macro Outlook for w/c 5 August 2024

Key events this week – US ISM services PMI, RBA monetary policy meeting Recap from last week The FOMC kept policy settings unchanged, however, noted that it is getting closer to the point at which it will be appropriate to reduce the policy rate. “…that the broad...

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The Macro Outlook for w/c 22 July 2024

Key events this week – US PCE inflation & Q2 GDP, Bank of Canada policy meeting, S&P prelim PMIs Jul Recap from last week Both US Fed Chair Powell and Fed Governor Waller continued to reiterate the shift to a more balanced focus of the Fed’s dual mandate....

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The Macro Outlook for w/c 15 July 2024

Key events this week – US retail sales, Fed speeches; Powell & Waller, ECB meeting, global CPI reports; UK, Canada, Euro Area final, Japan, and NZ, Aus labor market Recap from last week US Fed Chair Powell delivered his semi-annual testimony to the US Congress...

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The Macro Outlook for w/c 8 July 2024

Key events this week – US CPI & PPI, US Fed Chair Powell testimony, RBNZ monetary policy meeting Recap from last week At the Sintra forum last week, Fed Chair Powell noted that the US had experienced solid growth in the first half, a robust but rebalancing labor...

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The Macro Outlook for w/c 1 July 2024

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...

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