Potholes could be dead ahead in the road soon after Fed rate hike

November 20, 2015

Patches on top of patches covering potholes litter a road in Sonoma County, California, May 9, 2013. Harrison, a local resident and attorney, is part of a grass-roots campaign to fix the crumbling roads of Sonoma County, which is struggling with the same type of government financial crisis that has driven California cities such as Stockton and San Bernardino into bankruptcy. Picture taken May 9, 2013.   REUTERS/Beck Diefenbach   (UNITED STATES - Tags: BUSINESS TRAVEL) - RTX1053C

The Federal Reserve’s planned smooth and gradual rate hike path may be bumpier than anticipated if U.S. economic growth over the next several months and punishingly cold winter weather follow a well-established recent pattern.

Exports continue to give cold shoulder to Bank of Canada’s Poloz

November 13, 2015

Ever since Bank of Canada Governor Stephen Poloz took office, he has preached the merits of a weaker currency for Canadian exports. But the roughly 30 percent fall in the dollar since then has failed to coax an export-based revival in Canada.

Nailed-on for a stronger UK services PMI after factory surge?

November 2, 2015

A surprisingly strong surge in British manufacturing growth last month has left a few economists scratching their heads. Is it a one-off? Could a manufacturing recovery really appear out of seemingly nowhere?

Bank of Japan reruns inflation downgrade script

October 30, 2015

BAfter over a decade-and-a-half of aggressive monetary easing through asset purchases, the Bank of Japan still has to revise down its inflation projections just about every six months, almost like clockwork.

Fiscal spending the only way out for Canada’s struggling economy?

October 29, 2015

Liberal Party leader Justin Trudeau waves while accompanied by his wife Sophie Gregoire as he gives his victory speech after Canada's federal election in MontrealAfter sailing relatively smoothly through the choppy waters of the financial crisis and its after-effects, the Canadian economy is finally getting caught up in the global economic slowdown.

No, really: look to economists for nuance on Fed’s decision-making

October 29, 2015

U.S. Federal Reserve Chair Yellen testifies before a House Financial Services Committee hearing on Capitol Hill in WashingtonFor all of the incessant talk from market trading desks on how economic forecasters are hopelessly off track on just about everything, their collective thinking on the subtleties of Fed policy near a potentially historic turning point has been well worth listening to.

ECB’s ‘whole menu’ bereft of new dishes

October 28, 2015

A freelance journalist eats his dinner behind a note advertising a "crisis menu" in a restaurant in SibiuECB President Mario Draghi’s ‘whole menu’ of monetary policy options to spur lending and boost euro area inflation from below zero appears to have few new dishes, if any at all.

Another quarter of remarkably precise China GDP growth data

October 19, 2015

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Top forecasters call UK inflation relapse right

October 13, 2015

With Bank of England policymakers ready at a moment’s notice over the past several years to warn anyone who will listen that a rate rise is closer than we think or just around the corner or soon coming into sharper relief, the main instrument it targets – inflation at 2 percent – is having nothing of it.

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.