Three Huge Sources of Stress on World Financial Markets June 13, 2025 Number one and most importantly, Israeli forces conducted a strike on Iranian nuclear and military installations and is promising escalating continuing attacks in the days ahead. Iranian officials are claiming the actions to constitute a declaration of war. Trump urges Iran to make…
Attention to What Central Banks Are Doing with Interest Rates June 5, 2025 The European Central Bank is widely expected to cut its interest rate for the eighth time in the past year. An anticipated 25-basis point reduction of the deposit rate to 2.0% would bring the cumulative drop to 250 basis points from peak….
Bank of Canada Keeps Interest Rate Reduction on Hold June 4, 2025 As many analysts were expecting, Canada’s policy interest rate was left unchanged at 2.75% today. Officials had also paused policy easing at the previous review in April, interrupting a string of rate cuts begun in June 2024 from a cyclical high of 5.0%…
An Unflattering Picture Depicted by the Latest Federal Reserve Beige Book of Regional Economic Trends June 4, 2025 Before each of the scheduled FOMC meetings, each of the twelve districts survey contacts in their districts for impressions regarding economic activity, labor market conditions and price trends. Responses are summarized in the Beige Book, published today…
A New South Korean President, Central Bank Developments, Service Sector PMIs, and Anticipating U.S. Jobs Data June 4, 2025 Lee Jae-Myung, a former human rights lawyer who successfully led opposition to South Korean martial law and favors pragmatic diplomacy, has been elected to a 5-year term as the country’s next president. The South Korean Kospi…
Bearish Global Growth Outlook, Dutch Government Collapses, and In-Target Euroland Inflation June 3, 2025 Citing tariff strains, the updated forecast of the Organization for Co-Operation and Economic Development (OECD) has revised projected global growth for this year and next lower to 2.9%. In the United States where deportations and federal job cuts will inject additional…
Start of a Fresh Week and Month Associated with Heightened Trade War Concerns June 2, 2025 (189) The U.S. president did not let another weekend go by without stirring the tariff pot. He accused Chinese officials of breaking the terms of the recent deal that had mutually lowered each country’s import tariffs against one another,…
May 2025 in Figures May 31, 2025 Net dollar movements in May were inconsequential. The same cannot be said about long-term interest rates. Ten-year sovereign debt yields rose in the United States, Great Britain and Canada but fell in several members of the euro area. Central Bank interest rates during May were cut by a…
Next Week’s Menu: May 31-June 6, 2025 May 30, 2025 Central Banks: Interest rate reviews at the European Central Bank, Bank of Canada, National Bank of Kazakhstan, Reserve Bank of India and National Bank of Poland. The Fed Beige Book of regional U.S. economic conditions, Bank of Canada quarterly Monetary Policy Report, and Minutes from…
Mountains of Data to Absorb May 30, 2025 Typical of the final business day of the calendar month, a great many data reports around the world have arrived. In addition, investors have again been whipsawed by fresh tariff news. It took only a matter of hours after yesterday’s U.S. Court of International Trade’s ruling against…