Euroland retail sales and construction PMI
Significant Political Developments in the G7
October 6, 2025
(171) French Prime Minister Lecornu resigned unexpectedly, acknowledging an inability of the cabinet to compromise on a budget framework. This was the third prime ministerial resignation in less than a year and the briefest cabinet stint in modern times. Such raises the possibility of an early election and introduces fresh uncertainty into the likelihood of […] More
Waiting for a Clarifying Ruling of U.S. Tariff Policy and This Month’s Fed Interest Rate Decision
September 4, 2025
U.S. President Trump has asked the Supreme Court to rule very quickly and overturn the recent Court of Appeals for the Federal Circuit that much of his tariff policy changes had overstepped his authority. Tariff hikes are central to the president’s foreign policy and as a generator of vast federal revenues that he promises will […] More
Sobering Forward Guidance on Australian Monetary Policy
May 7, 2024
Analysts hadn’t expected a cut today in the Reserve Bank of Australia Official Cash Rate, which has been at a 22-year high of 4.35% since a 25-basis point rate last November, but the rate announcement‘s tone and Governor Bullock’s press conference proved surprisingly hawkish. While inflation is easing, it is doing so more slowly than […] More
Inflation Surprises Persisting, Central Banks Reacting, and Investors Fretting about What Lies Just Ahead
October 6, 2021
Against the backdrop of central banks reacting to higher-than-forecast inflation, the dollar continues to be a well-bid currency. The weighted DXY dollar index came within a 0.05-point whisker overnight of matching its 52-week high set last November. The U.S. currency also rose 1.1% against the kiwi and Mexican peso, 0.7% versus the euro and Aussie […] More
