This week we await interest rate decisions from Australia, Brazil, the UK and US, the RBNZ delivers a Financial Stability Report and the Bank of England and Bank of Japan
The week of 14th-18th October 2024- A big week for inflation metrics!
The only “non-surprise” for me last week is the persistence of US inflation! September’s figures for Core and Headline CPI both ticked higher to 3.3% and 2.4% y.o.y respectively.
The week of 7th-11th October 2024- US inflation data the pick of the week!
I’m often surprised as to the credence given to the US Non-Farm Payrolls data release. It was only in August that the annual Payrolls figure was revised downwards by 818,000
The week of 23rd-27th September 2024- USDJPY strengthens in Carry Trade rally
Last week the USDJPY strengthened in a Carry Trade rally despite the Fed cutting US interest rates by 50bp, an uptick in Japanese inflation and the Bank of Japan keeping
The week of 16th-20th September 2024- The Fed will cut US interest rates this week!
The Fed will cut US interest rates this week! The Bank of England may cut interest rates too! And the Bank of Japan will probably stay on hold!
The week of 2nd-6th September 2024- A Bumper week of data for G7
The first week of any month is always one of activity as there are several economic data releases that can move markets. Today is Labor Day in the US- happy
Increase Capital Gains Tax to Bridge North-South Divide
Rachel Reeves has been urged to implement an £18 billion tax increase, primarily targeting wealthy individuals in the South, to help rebalance the economy and address the North-South divide.
The week of 26th-30th August 2024 – Last week, Euro Area CPI data remained flat
Last week, Euro Area CPI data remained flat at 2.9% y.o.y for July, Canadian inflation fell, US Non- Payrolls posted a staggering fall of -818,000 in its annual revision of
The week of 19th-23rd August 2024- RBNZ jumps the gun on interest rate policy!
Last week, the Reserve Bank of New Zealand shocked markets by cutting interest rates by a quarter of one percent, despite a most recent Q2 assessment of annual inflation of
The week of 12th-16th August 2024- US inflation figures top the bill!
Last Monday Japanese authorities were swift to attempt to re-establish some order in the markets by taking a less hawkish stance on raising interest rates in the short term. It’s
The week of 5th-9th August 2024- Payrolls plateau. Nikkei plummets
Last week, the Bank of Japan raised interest rates, The Bank of England cut and the Fed stayed pat! Bank of Japan Governor Ueda sounded quite hawkish in his conference
The week of 29th July – 2nd August 2024- Interest rate announcements galore
Last week, the Bank of Canada cut interest rates by a quarter of one percent to 4.5%, US GDP impressed at 2.8% q.o.q and US Headline PCE receded to 2.5%