The Weekly Macro Outlook

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...

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...

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...

A big week of Central Bank rate decisions, data out of China, US inflation, US earnings, and global industrial production. This week, the RBNZ, BoC, and BoJ meet on rates. There have been growing expectations of a rate hike later in the year for NZ and the BoC is...

Central banks and data will be in focus this week. On the central bank front, the FOMC minutes for the June meeting will be released this week. The US Fed is also expected (tentative) to submit the biannual monetary policy report. The RBA will meet on rates this week...

This week, the focus will be on the US non-farm payrolls report for Jun – just before the US Independence Day long weekend. It will be a somewhat quieter week on the central bank front. There will be speeches by Governor Lowe of the RBA ahead of the RBA meeting next...

The focus this week is likely to remain on the FOMC meeting last week – and the (interpreted) shift in signaling from that meeting. Be aware that many FOMC members will be speaking this week, including Chair Powell providing testimony on the Covid response to the US...

The focus this week will be on central bank meetings, including the US FOMC and a raft of CPI and PPI reports for May. Last week, annual growth in the US CPI accelerated at a faster pace of 4.93% for May (from 4.15% in Apr). There was a smaller base effect this month...

The US CPI release for May and the ECB rates decision will be the focus for the week – both on Thursday. It will be a quiet week for US Fed speeches in the lead-up to the FOMC meeting next week. Estimates for the increase in US non-farm payrolls last week were varied....

It will be a big week of data, central bank speeches, the RBA rates decision, and OPEC. Markets currently expect US inflation to be transitory and are looking through the higher prints as we cycle over the low points of consumer inflation last year. The latest Apr US...