Growth Concerns and An Indian Election that Didn’t Pan Out Quite As Expected June 4, 2024 Yesterday’s May U.S. factory PMI release from the Institute of Supply Management surprised investors with a 3-month low 48.7 overall reading and a 7-month low score of 45.4 in new demand. In conjunction with last Thursday’s downward revision of…
Markets Waiting for the Proverbial Godot, I.E. Fed Easing May 28, 2024 I found the market’s initially upbeat reaction to Fed Chairman Powell’s May 1st press conference puzzling and dismaying and in my opening post the following day wrote Investors had a somewhat more comforting reaction to Fed Chairman Powell’s press conference than I, fixating…
Very Quiet Start to Week with U.S. and U.K. Shut for Holidays May 27, 2024 Americans are observing their Memorial Day holiday, while British markets are shut for the late spring bank holiday. Minimal data have been released elsewhere. The dollar edged 0.1% lower overnight against the euro, yen, loonie, Swiss franc, sterling and as…
Next Week’s Menu: May 25-31, 2024 May 24, 2024 Central Banks: Monetary policy reviews will be held in South Africa and Kyrgyzstan. Fed Beige Book of regional economic trends in the United States will be published. Fed officials speaking publicly in the week will included Kashkari, Mester, Bowman and Williams. Bank of England Governor Bailey…