US PMI Manufacturing rises from 47.9 to 50.3 in January, back in expansion, and the highest level in 15 months. PMI Services rose from 51.4 to 52.9, a 7-month high. PMI Composite rose from 50.9 to 52.3, a 7-month high. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, highlights this as an “encouraging […]
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Markets Both markets and central banks (including the ECB) are trying to assess how (fast) higher oil prices and other supply chain disruptions will filter through to the economy. This will be a non-linear, bumpy Read more…
Will he stay or will he go? The anticipated drama coming out of the Federal Open Market Committee meeting April 29 is whether Fed Chair Jerome Powell is going to fish or cut bait. Powell’s Read more…
Bank of Canada left its policy rate unchanged at 2.25%, maintaining a cautious stance as it navigates the inflation impact of the Middle East conflict. While headline inflation is rising, policymakers signaled they are prepared Read more…