U.S. manufacturing flashing warning signs

September 29, 2015

U.S. manufacturing may be in trouble. Nearly all key indicators measuring the health of manufacturers in the world’s largest economy have disappointed over the past year.

Corbyn the patriot; a grilling for French banker

September 29, 2015

A patriot acting in the defence of decency, fair play and other supposedly British values is how UK Labour leader Jeremy Corbyn will portray himself in his keynote speech to the party’s congress this afternoon, seeking to counter critics who write him off as a loony leftist. He will also expound on his pledge to consult widely on Labour policy — a move some in his own party fear will only confuse voters about what the party actually stands for.

Political uncertainty threatens to tap the brakes on Spain’s fledgling recovery

September 28, 2015

Once one of the hardest-hit economies in Europe from the global financial crisis, Spain’s recent economic success sets a good precedent for the euro zone’s potential for recovery. But political machinations on the horizon could put the progress it has made at risk.

How much longer can consumers underpin Canada’s economy?

September 23, 2015

RTR4MCGY.jpgThe Bank of Canada is hoping the average Canadian continues to do the heavy lifting for the economy and gets it out of its rut from the first half of the year, even with dangerously high household debt levels. That may be a big ask.

Fear could lead Fed into a much more fearsome trap

September 18, 2015

Delaying its first rate hike in nearly a decade after taking a pass in June and July means the U.S. central bank may have stepped further away from an escape from zero rates and $3.7 trillion of asset purchases bloating its balance sheet.

Rate hikes are coming… in Latin America

September 17, 2015

Federal Reserve Board Chair Janet Yellen prepares to testify before a House Financial Services committee hearing on Capitol Hill at in Washington

Latin American central banks are watching today’s Federal Reserve meeting very closely. Some are ready to raise their own interest rates, even if Yellen does not pull the trigger now.

Sweet spot for UK pay could be just the nectar the economy needs

September 16, 2015

RTR309S7.jpgBritish workers have hit a sweet spot with wages rising much faster than near-zero inflation, suggesting the economy could gain further momentum as consumers spend their spare cash.

Inflation may still be far off target, but rates will soon be rising

September 15, 2015

USA/Inflation may be far off target but economists are convinced the United States Federal Reserve and the Bank of England will soon begin raising rates from near zero – with the Fed poised to act as soon as Thursday.

This time, BOJ could wait and watch before coming to yen’s rescue

September 15, 2015

U.S. one-hundred dollar bill and Japanese 10,000 yen notes are spread in TokyoThe Japanese yen has strengthened unexpectedly by about 4 percent over the last month and it could rise further if the U.S. Federal Reserve delays a rate hike and the dollar weakens.