preliminary purchasing managers survey results

Powell’s Renomination Reinforces Belief that Fed Interest Rate Liftoff Will Happen Sooner Rather than Later

November 23, 2021

Of the two finalists for chairperson of the Federal Reserve, Powell was considered likelier than Brainard to secure the earlier initial hike of the federal funds rate. Both candidates remain on the Federal Reserve Board of Governors, Brainard as Vice Chairman, and Biden still has three vacancies to fill and thus additionally shape future monetary […] More

European March Purchasing Manager Surveys Show Healthier Growth than Expected but Perhaps Outdated Due to Worsening Covid There

March 24, 2021

The dollar strengthened in Asian trading, reaching its strongest trade-weighted level since Thanksgiving, but it has subsequently trimmed those gains. Compared to Tuesday closings, the dollar is up 0.3% relative to the Turkish lira and sterling and by 0.1% versus the euro, Swiss franc and DXY effective value. Dollar/yen is unchanged, and so are the […] More