Key events this week – US CPI & retail sales, ECB policy meeting Recap from last week A theme of slower growth emerged in central bank decisions and data last week. Central bank policy decisions continued to favor pausing at this stage of the cycle to allow time...

Key events this week – RBA & BoC policy meetings, US ISM Services, Global services PMIs Recap from last week It was an important week of US data inputs helping to assess the path of the US labor market, growth, and inflation ahead of the next FOMC meeting this...

Key events this week – US non-farm payrolls, PCE Price Inflation, Euro Area CPI Recap from last week “As is often the case, we are navigating by the stars under cloudy skies.” An obscure closing reference to the Jackson Hole symposium theme of structural shifts in the...

Key events this week – US Federal Reserve Annual Jackson Hole Economic Policy Symposium, Prelim PMIs Aug Recap from last week The FOMC minutes continued to emphasize that inflation is unacceptably high, and that policy will need to stay sufficiently restrictive. The...

Key events this week – FOMC minutes, RBA minutes, and RBNZ policy meeting, US growth indicators; retail sales, housing construction, and industrial production, global CPIs; UK, Canada, Euro Area (final), and Japan Recap from last week Last week we continued to fill in...

Key events this week – US CPI Recap from last week Over the next two months, the ‘totality’ of US growth, inflation, and labor market data will be central in determining the next policy steps for the FOMC. The focus last week was on the US labor market and growth...

Key events this week – BoE & RBA monetary policy meetings, US non-farm payrolls, US ISM surveys, Euro area CPI prelim for Jul, global PMIs for Jul Recap from last week Both the FOMC and ECB hiked rates last week but provided limited forward guidance. Despite...

Key events this week – FOMC, ECB, and BoJ decisions, US PCE inflation, ECI & Q2 GDP, Aus CPI, prelim PMI’s Jul Recap from last week US data last week continued to reflect resilient results and little change in recent trends amid the higher rates environment. US...

Key events this week – US retail sales & housing, RBA minutes, Aus labor market, CPI reports; UK, Canada, NZ, Japan, and Eurozone Recap from last week US inflation continued to ease in Jun. The headline inflation rate slowed to +3.1% from +4.1% in May. Core CPI...

Key events this week – US CPI, RBNZ and BoC policy decisions, central bank speeches Recap from last week Global yields moved higher last week within the context of the FOMC Minutes and the decision to pause hikes, recent hawkish speeches, and a series of...