Aug 10, 2015 04:32 am UTC| Commentary
It seems plausible that the FOMC has already decided what to do in its next meeting. Although wage pressures remain soft, the job market has probably improved enough to justify beginning the normalization cycle in...
Daily Economic Outlook: 10th August 2015
Aug 10, 2015 04:12 am UTC| Commentary
It is a relatively quiet start to the week, with the focus likely to be on UK labour market statistics on Wednesday and the first estimate of Eurozone Q2 GDP on Friday. The most significant US data will be industrial...
BoJ’s 2% inflation target could take a long time to achieve
Aug 10, 2015 02:26 am UTC| Commentary
The market is doubtful about whether the Bank of Japans 2% inflation target will be achievable around the first half of fiscal 2016. The key factors that determine CPI are aggregate wages (domestic pressure), US CPI...
US employment, focus on momentum
Aug 10, 2015 01:14 am UTC| Commentary
The Labor Market Conditions Indicators (LMCI), compiled by the Kansas City Federal Reserve, have continued to point to steady, robust momentum in jobs growth and a consequent erosion of residual slack over the past five...
Australia's wage price index holds at record low
Aug 10, 2015 00:46 am UTC| Commentary
Total hourly wage rates ex bonuses (WPI) rose 0.5% in Q1, below the market consensus forecasts, following three consecutive 0.6% prints. The annual pace eased back to 2.3%yr, from 2.5%yr in Q4. This is a new record low for...
SEK, NOK: Inflation data in focus
Aug 10, 2015 00:13 am UTC| Commentary
Inflation data in Sweden (Thursday) and Norway (Monday) will likely drive the price action for the Scandies in the coming week. Poor liquidity of Scandinavian currencies over the summer has contributed to modest EURSEK...
Banxico: Quarterly inflation report on Wednesday
Aug 09, 2015 23:27 pm UTC| Commentary
The Central Bank of Mexico will release its quarterly inflation report on Wednesday. Neither the strength of economic activity nor the underlying inflation dynamics suggest that Banxico is currently behind the curve....
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned