Mon: Chinese Activity Data (Aug)Tue: UK Jobs Report (Jul), Italian CPI Final (Aug), EZ Industrial Production (Jul), German ZEW Survey (Sep), US Retail Sales (Aug) and Industrial Production (Aug), Canadian CPI (Aug)Wed:...

What's up next week? Central Bank decisions highlighted by the FOMC rate decisionRick Reider said to have climbed the ranks for role of Fed chairTesla shares continue yesterday's breakout with 7% surgeThe US do...

It’s a big week for Canada with CPI and a Bank of Canada rate decision on deck. Here’s what’s coming up:Monday, Sept 15 • 8:30 am ET: July manufacturing shipments (consensus +1.8% m/m after +0.3% previously) �...

The FOMC rate decision and Chair Powell’s press conference will be the main focus next week. Alongside the Fed, three other central banks will also announce policy decisions: the Bank of Canada is expected to cut rat...

Treasury yields are 3-6 basis points higher on the day and that initially gave the US dollar a lift today but it's fading. The dollar has been under some modest pressure since the softer UMich consumer sentiment da...

ECB Nagel is saying:More rate cuts could threaten price stabilityThe ECB kept rates unchanged yesterday at their meeting. Overnight, a number of ECB officials spoke the "day-after" the interest rate decision wh...

The Congressional Budget Office is out with their projections for real GDP, inflation, unemployment, and interest rates. The current projections are compared to January 2025 projections. Real GDP Growth (annual, %)2025...

Gold is testing the top of the daily range. It's up $15 to $3649 today and perked up following the softer UMich consumer sentiment data.The precious metal is consolidating now after reaching $3675 on Tuesday in a s...

Prior was 58.2Current conditions 61.2 vs 61.3 expected (prior 61.7)Expectations 51.8 vs 54.9 expected (prior 55.9)1-year inflation 4.8% vs 4.8% prior5-year inflation 3.9% vs 3.5% priorThe University of Michigan survey ...

The weaker jobs reports out of both Canada and the U.S. last week have raised expectations that the Fed and the Bank of Canada could each deliver a rate cut when they meet next week. Both central banks announce on Wedn...

The US will try to coax Group of Seven countries to impose tariffs as high as 100% on China and India as a deterrent for purchases of Russian oil. That might be a tall order given the animosity between the US and its ...

We have the best stock market everInflation is down, stock market is upWe should have lower interest ratesTrump yapping about interest rates is an evergreen. He's finally getting lower interest rates on Wednesday b...

Prior was -9.0%Permits -8.2% y/yResidential construction intentions rose $268.3 million to $7.3 billion in JulyNon-residential building permits decreased $279.2 million to $4.6 billion in JulyFrom the separate report o...

The US dollar is higher with the JPY (0.35%), the NZD (0.40%) and AUD (0.21%) leading the greenbacks corrective move to the upside. The EUR, GBP, CHF, CAD are all little changed but marginally higher. The gains, after ...

Headlines:How have interest rates expectations changed after this week's events?Traders move to price in nearly three 25 bps rate cuts for the Fed by year-endHere's why the Fed might cut by 50 bps at next week&...

Rate cuts by year-endFed: 71 bps (92% probability of rate cut at the upcoming meeting; the rest for a 50 bps cut) 2026: 145 bpsECB: 4 bps (97% probability of no change at the upcoming meeting) 2026: 10 bpsBoE: 9 b...

UBS just raised their gold price forecast for 2025 year-end to $3,800, up by $300 from their previous projection. Meanwhile, they are also increasing their forecast for the middle of 2026 as they see gold hitting $3,90...

Yesterday, we got the last two key economic reports before the FOMC meeting and they made the case for an insurance 50 bps cut stronger. Here's why...The US CPI came in line with forecasts, and despite some worryin...

No room for complacency, we’ll stay vigilantWe must be mindful of downside risks to inflation stemming from cheaper energy and stronger EuroRehn is keeping a neutral stance here but he's still more concerned abo...

Median expectations of the rate of inflation over the coming year were 3.6% (previously 3.2%)Median expectations of the rate of inflation for the 12 months after that were 3.4% (previously 3.2%)Long-term median expecta...