from Morning Bid with David Gaffen:

The Road Was Long, But You Ran It (Janet)

May 22, 2015

On an otherwise quiet day for markets, everyone's got their eye on Janet Yellen, who speaks at 1:00 p.m. ET (1700 GMT), and it looks like she's going to make a bit of a case for the Federal Reserve to start raising rates in the near-term.

from Morning Bid with David Gaffen:

Fed in the Red

May 20, 2015

The Federal Reserve's upcoming minutes on Wednesday will serve as something as a precursor of Janet Yellen's coming Friday speech that looks like it will set the tone for the coming Fed meetings and what should be the market's outlook for Fed policy.

from MacroScope:

Core Blimey! Why Britons should look beneath headline inflation

May 20, 2015

???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????We all now know by now that British inflation has dipped to slightly less than zero, its weakest since 1960. Much of the recent weakness is down to the same reason inflation is so low in the euro zone, Britain's main trading partner: the collapse in the price of oil.

from MacroScope:

A short tale of two central banks and (roughly) one inflation rate

May 19, 2015

Euro zone inflation rose to zero in April from -0.1 percent and in Britain it fell to -0.1 percent from zero, the first negative reading since the 1960s.

from MacroScope:

Greeks talk up deal prospects, but what has changed?

By Mike Peacock
May 19, 2015

Greece's Finance Minister Varoufakis and Eurogroup chairman Dijsselbloem talk during an euro zone finance ministers meeting in Brussels

In an epic late-night talk show appearance, Greek Finance Minister Yanis Varoufakis said his government was nearing a cash-for-reforms deal with its euro zone partners and the International Monetary Fund that would help it meet debt repayments next month.

from MacroScope:

ECB sees inflation back by year-end

By Mike Peacock
May 18, 2015

Mersch, Member of the Executive Board of the European Central Bank presents an oversized newly unveiled 10 euro note at the headquarters of the European Central Bank (ECB) in Frankfurt

An interesting weekend intervention by ECB policymaker Yves Mersch who said there was no question of winding up QE early and that inflation, still skulking around zero, would stay there until autumn then rise sharply late in the year towards 1.5 percent.

from MacroScope:

French growth leapfrogs Germany’s in Q1

By Mike Peacock
May 13, 2015

The French Pole Emploi stand is seen during the 20th Forum de l'Alternance in Paris

It’s euro zone GDP day. German and French data are already out with Europe’s largest economy growing by 0.3 percent, below both the 0.5 percent forecast and the 0.7 percent achieved in the last three months of 2014.

from MacroScope:

High Brazil services inflation is hinting at even higher interest rates

May 11, 2015

Brazil's Finance Minister Joaquim Levy delivers a speech during a meeting with businessmen of the France-Brazil Chamber of Commerce in Sao Paulo

Brazil's monthly inflation rate eased below 1 percent for the first time this year in April and inflation expectations for 2016 have dropped for the first time in two and a half months.

from MacroScope:

Is the dollar taking over the Fed’s job?

May 5, 2015

US trade

 

 

 

 

 

 

 

 

 

While the surge in the greenback since July has turned up in all sorts of economic data, much of it not good, the big one may have just landed.

from The Great Debate:

Iran nuclear deal: Just because you don’t like something doesn’t make it Munich

By Neal Gabler
May 1, 2015

Negotiators of Iran and six world powers face each other at a table in the historic basement of Palais Coburg hotel in Vienna

Negotiators of Iran and six world powers face each other at a table in the historic basement of Palais Coburg hotel in Vienna April 24, 2015. REUTERS/Heinz-Peter