Go offline with the Player FM app!
Macro Mondays | Weak US Data but a Hawkish Federal Reserve
Manage episode 424095855 series 2660211
Today, Macro specialist James Brodie discusses last week's weaker than expected US economic data, as well as the more hawkish Federal Reserve, the U.S. central bank. Research Analyst, Harry Nedeljkovic weighs in on the up-coming French election, in addition to Argentina and especially their economic situation. Group Head of Research, Harry Tchilinguirian joins Macro Mondays for the first time to talk through how the recent data out of China may come to impact oil demand.
CPI & PPI both came in lower than expected and US consumer sentiment fell sharply to a 7-month low. Yet the Fed see the Unemployment rate remaining at 4.0% until year end.
China data was interesting this week; Industrial production (5.6%) came in lower than expected (YoY growth decelerated) but retail sales beat expectations at +3.7%. However, the property price fall was the largest monthly fall in over 13 years.
The key data to look out for this week is;
Tuesday – US retail sales & Industrial production, plus RBA.
Wednesday – U.S. markets closed, UK inflation
Thursday – BOE & SNB
Friday – U.S. PMI data, UK & Canada retail sales.
If you would like to connect with our hosts on LinkedIn, you can do so by clicking on the link below:
James Brodie; https://www.linkedin.com/in/jamesbrodiecmt/
Harry Nedeljkovic; https://www.linkedin.com/in/harrynedeljkovic
Harry Tchilinguirian; https://www.linkedin.com/in/tchiling/
145 episodes
Manage episode 424095855 series 2660211
Today, Macro specialist James Brodie discusses last week's weaker than expected US economic data, as well as the more hawkish Federal Reserve, the U.S. central bank. Research Analyst, Harry Nedeljkovic weighs in on the up-coming French election, in addition to Argentina and especially their economic situation. Group Head of Research, Harry Tchilinguirian joins Macro Mondays for the first time to talk through how the recent data out of China may come to impact oil demand.
CPI & PPI both came in lower than expected and US consumer sentiment fell sharply to a 7-month low. Yet the Fed see the Unemployment rate remaining at 4.0% until year end.
China data was interesting this week; Industrial production (5.6%) came in lower than expected (YoY growth decelerated) but retail sales beat expectations at +3.7%. However, the property price fall was the largest monthly fall in over 13 years.
The key data to look out for this week is;
Tuesday – US retail sales & Industrial production, plus RBA.
Wednesday – U.S. markets closed, UK inflation
Thursday – BOE & SNB
Friday – U.S. PMI data, UK & Canada retail sales.
If you would like to connect with our hosts on LinkedIn, you can do so by clicking on the link below:
James Brodie; https://www.linkedin.com/in/jamesbrodiecmt/
Harry Nedeljkovic; https://www.linkedin.com/in/harrynedeljkovic
Harry Tchilinguirian; https://www.linkedin.com/in/tchiling/
145 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.