Q3 to test policy makers in Japan
Aug 02, 2015 06:33 am UTC| Commentary
Japanese policy makers may worry about a falling core CPI and the risk of a technical recession in Q3. We believe any attempts to stimulate the economy would be more likely to revolve around fiscal policy than monetary...
Monetary policy divergence starts to widen
Aug 02, 2015 06:15 am UTC| Commentary Central Banks
With Fed/BOE hiking and ECB/BOJ easing,there isan equally marked divergence in monetary policy settings among EM central banks as well with Asia on an easing bias and EMEA and Latin America on a neutral or tightening...
Fed goes slightly more hawkish
Aug 01, 2015 06:52 am UTC| Commentary Central Banks
The FOMC statement was somewhat more hawkish because of the following points. It did not change inflation guidance despite materially lower commodity prices since the June FOMC. That said, gone is reference to how...
Fed looking for only 'some' more improvement
Aug 01, 2015 06:23 am UTC| Commentary Central Banks
The recent U.S. dollar strength is largely a function of Fed policy expectations. Liftoff had previously been pushed out into 2016 due to the U.S. economy stumbling at the start of the year. But, improving economic...
Canadian economic slump to ease in latter half of 2015
Jul 31, 2015 16:01 pm UTC| Commentary
Economic growth in Canada has been disappointing in the first half of the year. This mornings release of May 2015 real GDP by industry helped to firm up this view. And it is this below-expectations performance of the...
University of Michigan consumer sentiment nearly unchanged in late July
Jul 31, 2015 15:48 pm UTC| Commentary
The University of Michigan consumer sentiment index was nearly unchanged in the July final estimate from the preliminary mid-month print. The index ticked down two-tenths, to 93.1, bringing the July final estimate three...
Chicago PMI makes up lost ground in July
Jul 31, 2015 15:25 pm UTC| Commentary
The Chicago PMI rose to 54.7 in July, printing above 51.0 and consensus 50.8 expectations. The strongest reading for the headline index since January was driven by surges in production 61.8, previous- 49.8 and new orders...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects