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August ended on a positive note. Friday’s data showed that the US PCE and the core PCE index stagnated near the levels printed a month earlier instead of a small uptick. Personal spending rose more than expected – and more than income, but the US saving rate fell to 2.9% – the lowest since 2022. […]

The post And September Arrives appeared first on Action Forex.

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12/04/2024

No Surprises from ECB

In focus today In the euro area, focus today is on final March inflation data for Germany, France, and Italy. The final data will allow us to estimate how much the timing of Easter impacted the March numbers and to what extent we should expect an effect on the April numbers. From the US, University […]
02/04/2024

Goldilocks at Chifley Square

The current level of the cash rate is assessed as being just right for the time being, but things could change. The Board also picks a happy medium as the future model for implementing policy. The minutes of the late-March meeting of the RBA Board (the last in the Martin Place building) recorded that the […]
13/07/2024

June Inflation Report and BOS Survey Set the Stage for BoC’s Next Rate Cut

The Bank of Canada’s quarterly Business Outlook Survey (BOS) and June’s inflation data will be the last major data releases before the BoC’s next interest rate announcement on July 24. We expect a slowdown in inflation after an upside surprise in May and for the BOS to look soft enough to justify a second consecutive […]