Last Bank of Mexico Interest Rate Cut May 8, 2026 The Bank of Mexico’s interest rate cut announced later yesterday had been expected but was decided by the narrowest of margins, three ayes to two nos. The bank’s statement of explanation concedes “headline inflation expectations for the end of 2026 rose while those for longer…
Next Week’s Menu: May 2-8, 2026 May 1, 2026 Central Banks: Monetary stances will be reviewed in Australia, Sweden, Norway, Mexico, Poland, Malaysia and the Czech Republic. Fed officials with speaking engagements included Williams, Goolsbee, Musalem, and Hammack. Minutes of the Bank of Japan’s March Board meeting and the quarterly Reserve Bank of Australia Monetary…
May Day Holiday Closures May 1, 2026 There’s little report as the new month gets underway. Most markets in Europe and Asia are closed due to labor day holidays, so there’s been only a trickle of manufacturing purchasing manager surveys and other data releases around the world. Today marks the 60-day threshold whereby the U.S….
April 2026 in Figures April 30, 2026 A second full month has now passed without an end to the Middle East war that had been projected initially as likely to last only a few weeks. In March with world energy prices soaring like it was 1974, 1979 or the late summer of 1990, financial markets…
Interest Rates Kept Unchanged at Bank of England and European Central Bank April 30, 2026 both the ECB and Bank of England interest rates were left unchanged as had been expected. The ECB deposit rates has been at 2.0% since a 25-basis point cut last June, while the Bank of England’s last rate change (also…
Rate Cut in Brazil April 30, 2026 One economy where there has been an interest rate change involves the Brazilian Selic rate, which was sliced yesterday by 25 basis points to 14.5%. An initial easing of 25 bps had also been done in March, prior to which the Central Bank of Brazil‘s rate had stayed…
Key Central Bank Decisions, Many Data Releases, Suspected Japanese Intervention, and A Possible Resumption of U.S. Military Attacks on Iran Vie for Investor Attention April 30, 2026 Frustrated with the continuing effective shutdown of the Strait of Hormuz, President Trump is reportedly soliciting advice on the options for resuming military strikes against Iran, which he…
Comments on FOMC Statement and Press Conference April 29, 2026 The significant change in this FOMC statement from the last one involves the votes. Once again only Governor Miran dissented in favor of a 25-basis point cut of the federal funds target. The eleven other votes favored leaving the target unchanged at 3-1/2 to 3-3/4%…
The last FOMC meeting occurred only 2-1/2 weeks into the Middle Eastern war. Seven additional weeks have elapsed, and a war that was not expected to last more than five weeks, if that, is still unresolved. A ceasefire has quelled outright conflict but the economic pressure points of the war — the global price of…
Central Banks Move Further Into the Spotlight April 29, 2026 The Federal Open Market Committee is expected to announce an unchanged federal funds target range of 3.50-3.75% at 14:00 EDT today. This is the last scheduled meeting of the Jay Powell chairmanship, although his Trump-nominated successor Kevin Warsh has not yet been confirmed by the…