The Weekly Macro Outlook

The focus this week will be on US data, notably the personal income, consumption, and PCE price index data for Apr. There will also be several speeches and testimony by US Fed Vice Chair Quarles and the rates decision by the RBNZ. The key US data highlights this week...

The focus this week will be on the FOMC minutes, US housing data, and the global prelim PMI’s for May. The upside surprise for US CPI in Apr dominated the news last week. Other data was generally in line with expectations, although PPI growth also came in higher. US...

*Updated 11 May 2021 with US Treasury issuance for the week. The focus this week will be on US inflation, consumer spending, and industrial output. US Fed Governors will also be active with several speeches throughout the week. Last week, the key US payrolls report...

Data this week should continue to demonstrate a stronger pace of recovery in the US – due in part to the substantial stimulus support and the vaccine rollout. The key data highlights are US Non-Farm Payrolls and the US ISM PMI’s. Global Markit PMI’s will also be in...

This will be a big week with more central bank meetings (FOMC and BoJ) and key data releases. The US FOMC will meet this week with the policy decision due on Wed. No change is expected to the current policy settings. There is some anticipation around how the messaging...

A quiet week on the data front with the prelim PMI’s for Apr and US housing data for Mar the key highlights for the week. There will be less activity on the central bank front this week too. The main events are the ECB rates and policy meeting on Thur and the release...

The inflation debate is likely to continue this week with the release of important US data and Fed speeches. The impact of the data flow on key Treasury auctions will be closely monitored. US CPI for Mar will be reported this week. Data are likely to remain noisy as...

The weekly macro review for w/c 29 March 2021 - Mar is shaping up to be a solid end to Q1 for the US. Growth in nonfarm payrolls was stronger than expected. Growth in payrolls was recorded across both private and public sectors as the rollout of vaccinations begins to...

The weekly macro review of w/c 22 March 2021 - The Chicago Fed National Activity Index report provided a good summation of economic activity in Feb - US economic growth fell to below average in Feb. Production, income, and consumption recorded notable declines in Feb....

The focus this week is on US economic data, Fed speeches including US Fed Chair Powell testimony, and US Treasury auctions. This will be an extremely busy week of Fed speeches with speeches scheduled for most days. US Fed Chair Powell will also provide testimony to...