The Weekly Macro Outlook

This week is about central banks and more specifically, the FOMC meeting on Wednesday. We are looking for the Fed response to the rise in yields. The run-up in yields over the last few weeks has been met with varying responses. The RBA moved deftly to get the 3yr...

The focus this week will be on the ECB interest rate decision, key data releases, and approval of the US stimulus and relief bill. Base effects will start to become an important theme – especially for CPI. Data releases are starting to cycle over some of the periods...

The focus this week will be on US non-farm payrolls, final global PMI’s for Feb, the RBA rates decision, and several speeches by US Fed Chair Powell and US Fed Governor Brainard. The main data releases in the US include non-farm payrolls and the ISM reports on...

The focus this week will be on US data, Fed speeches, and the passage of the next US stimulus bill through the House of Representatives. The main data releases in the US include personal income, expenditure, and prices for Jan, the final read on consumer sentiment for...

The focus this week will be on the pace of global growth momentum in Feb, Central Bank minutes, and the development of the next US stimulus package. The prelim global PMI’s for Feb will be released across the larger economies this week. While infection rates have...

A much quieter week on the data front. The main US data releases this week will be the University of Michigan consumer sentiment data for early Feb and CPI for Jan. We continue to follow the initial jobless claims as one of the higher frequency indicators of...

The focus this week will be on the momentum of private sector growth for Jan, including US non-farm payroll growth, global PMI’s, and several central bank monetary policy decisions. This week the BoE and RBA will meet on monetary policy. The final global PMI’s for Jan...

Mostly US-focused data releases and the FOMC meeting this week. The US FOMC two-day meeting will be held this week with the policy decision announced on Wed 27 Jan. The expectation is for rates and other policy settings to remain unchanged. The press conference is...

The main highlights for this week are the Inauguration of Joe Biden as the next US President, the prelim global PMI’s for Jan, and the ECB and BoJ interest rate decisions. This week, Joe Biden will be inaugurated as the next US President. Four areas have been...

The weekly macro review for w/c 4 January 2021 - It was a turbulent week with further social and political unrest in the US, some weak data points, and continued peaks in Covid-19 infections and deaths. In the US, the Democrats won the two Senate runoff races in...