The Weekly Macro Outlook

Macro review for w/c 18 June 2018 - It was a big week for central banks and central bank signalling last week:- Central bankers attended the ECB Forum on Central Banking – discussions, panels and presentation of papers on Wage and Price Setting. US Fed Chairman Powell...

Macro review for w/c 11 June 2018 - One of our bigger themes last week was central bank meetings. The outcomes highlight how monetary policy is diverging among the major central banks – US Fed median projections imply an additional rate increase this year from three...

Weekly Macro Review w/c 4th June 2018 - trade, trade negotiations and tariff threats continued to dominate the headlines, especially after the G7: - On trade, the US is working across a number of fronts: - The form NAFTA will take may change with the US favouring...

Data from last week highlighted slower growth in Q1 across US, Europe, Canada; PMI’s improving in the US but the "soft patch" likely persisting in Europe; CPI’s higher impacted by energy costs. US - GDP growth remains steady, though lower than recent growth, stronger...

A summary around our key themes for last week (w/c 21 May):- FOMC – Signalling on rates from minutes & speeches No additional rate hikes this year (expect two, rather than three more rate increases), Fed outlook and policy stance hasn’t changed Most speeches this...

We will commence posting two additional notes each week – a weekly macro brief and a weekly macro review. These notes are not designed to be deep-dive analytical pieces, but instead, provide a guide as to major events and round up of economic performance as related to...