April FOMC minutes did not completely rule out a June hike
May 21, 2015 04:22 am UTC| Commentary
The April FOMC minutes revealed that Fed officials still expect the economy will rebound after the soft 1Q, but conviction was not quite as high. As a result, "many" participants viewed a June rate hike as "unlikely".The...
DAILY ECONOMIC OUTLOOK: May 21st, 2015
May 21, 2015 04:17 am UTC| Commentary
The euro area economy outperformed both the US and the UK in Q1, but todays releases may provide further evidence that business sentiment is easing in the current quarter. The preliminary flash PMI reports for both...
S&P says NZ budget will have no impact on ratings, outlook
May 21, 2015 02:34 am UTC| Commentary
Standard Poors comments after the New Zealand budget: While the budget contains some write-downs to revenue growth over the four years to June 2019 - due mainly to a weaker outlook for inflation and wages growth--the...
How can the UK improve its export performance to EM?
May 21, 2015 02:33 am UTC| Commentary
Analysis of trade and GDP data suggests that two main factors explain which countries trade with the UK: geographical distance and GDP per capita. The UK exports relatively more to Gulf countries such as the United Arab...
Bank of Japan likely to remain on hold on 21-22 May
May 20, 2015 21:54 pm UTC| Commentary
The Bank of Japan (BoJ) will hold its monetary policy meeting on 21-22 May and announce its monetary policy decision on 22 May.The BoJ is expected to remain on hold, keeping the size of annual asset purchases unchanged at...
Brazil – A bumpy road for fiscal adjustment, but in the right direction
May 20, 2015 21:37 pm UTC| Commentary
Despite political noise, Brazils fiscal accounts are set to improve. The political debate surrounding measures to cut spending has intensified. Last week the lower house passed a watered-down version of a proposal to...
German IFO index likely to maintain its upward trend
May 20, 2015 21:29 pm UTC| Commentary
The German IFO business climate index is expected to increase to 109.0 in May from 108.6 in April, which was a 10-month high. The index has been on a clear upward trend since it reached a trough in October 2014.Lower oil...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects