The BoE took it easy today, announcing an unchanged Bank Rate at 5.00%, while sticking to a limited to non-existent forward guidance approach, and repeating a £100bn/annum balance sheet reduction plan ...

Expect core PCE to follow core CPI higher on September 27th (chart 2). The culprit was a mild acceleration of core services ...

The ECB failed to surprise on policy decision day as it delivered a well-telegraphed 25bps rate cut, while Lagarde poured cold water on small October cut bets that slightly weighed on European debt ...

The Bank of Canada and Federal Reserve should cut policy rates at each meeting for the remainder of the year and well into 2025. Growth is slowing as the impact of past tightening is felt but we ...

Global yields are drifting slightly higher through overnight markets that were clear of major developments. The couple of data releases that we got—UK CPI in line and weak Japanese exports and imports ...

On Wednesday, September 18 th, DANE published data on the Economic Activity Indicator (ISE) for July. The indicator stood at 3.7% y/y (chart 1), exceeding the 2% expected by the market and showing ...

The Federal Reserve delivered an emergency rate cut of 50bps to a new upper limit of the fed funds target range of 5% in a non-emergency setting unlike the last two times they went big to start (chart ...

CDN CPI m/m % NSA // y/y %, August: Actual: -0.2 / 2.0 Scotia: 0.0 / 2.1 Consensus: 0.0 / 2.1 Prior: 0.4 / 2.5 Upsizing on the back of this data would be a policy misstep in my view. That’s because ...

Game day has finally arrived. It’s Fed day and with it a seminal moment for US monetary policy that begins the easing process after all that we’ve been through over recent years. Except the occasion ...

Canadian politics and BoC speak are in focus this morning amid an otherwise light global calendar to start a packed week. Fed market pricing for this week’s meeting has increased absent any weekend ...

On Monday, September 16 th, the National Institute of Statistics (DANE) published the manufacturing production and retail sales data for July 2024. Manufacturing production increased 2.0% compared to ...