Shows / Macro Pulse
Macro Pulse
Haver Analytics is the premier provider of global economic and financial data, delivering timely and accurate time series data to a wide range of clients, including central banks, government agencies, financial institutions, and academic institutions. Founded in 1969, Haver is a privately held company headquartered in New York City with offices around the world. Haver Analytics also offers a variety of other products and services, including: • Data visualization and analysis tools • Data…
Episodes
- Macro Pulse
Resilience on Narrow Foundations
Four central banks decide policy this week, with an awkward message from the data: growth is holding up, but the sources of resilience are narrowing. In this…
- Macro Pulse
Growth on Borrowed Strength
The world economy has taken war, political uncertainty and expensive money in its stride. But resilience is not strength. Growth now leans on a narrow…
- Macro Pulse
The Narrow Boom
Markets spent the past week doubting the proposition that has carried them all year. Technology stocks fell, bonds caught a defensive bid — none of it about…
- Macro Pulse
The Political Premium
US equities pushed to fresh highs again this week, the dollar is firmer than it was a month ago and gold sits some way below its late-August peak. Capital is…
- Macro Pulse
A Benign Phase
Bond markets are pricing a tightening cycle. Equity markets are arguably pricing a productivity boom. Both can't be right for long. This week's Charts of the…
- Macro Pulse
Narrow Shoulders
The world economy has absorbed six months of disrupted energy supply with far less damage than it could have. The reasons why are arguably narrower than they…
- Macro Pulse
The Price of Money
Energy and the cost of money set the tone this week. Crude held above $100, the ten-year Treasury yield pushed through 5 per cent, and the Federal Reserve…
- Macro Pulse
The Reflationary Turn
The global economy is tilting back towards reflation: growth is firming while inflation proves stubborn, just as a cluster of central banks prepare to meet…
- Macro Pulse
The Turn Towards Tightening
Central banks set the tone this week. After Warsh's first Jackson Hole address, and with the ECB expected to move again, the monetary tide is turning towards…
- Macro Pulse
Resilient growth, restless yields
The real economy has refused to buckle. Through a year of tariffs, conflict and tighter money, global growth has held up — and firmer growth has sat naturally…
Macro PulseThe Cost of Capital Climbs
In this week’s podcast, Andy talks with Sharmila Whelan from Westbourne Research. Long-term interest rates are back near two-decade highs. The short end has…
Macro PulseAI for Macro: Context is Everything
In this episode, Andy Cates is joined by Daniel Jerrett, PhD — founder of SmartMacro Labs and Haver's official training partner — to get past the noise around…
- Macro Pulse
A Resilient World Economy, and its Price
The global economy has held up better than a noisy summer might suggest, with tensions in the Middle East, intervention to steady the yen, and nerves over AI…
- Macro Pulse
The Price of an Investment Boom
The Federal Reserve held rates again this week, but the more consequential story is the investment cycle now lifting the real cost of capital — and whether all…
Macro PulseFreight: The Signal Markets Miss
Freight markets can offer a timely window into global trade, demand and economic activity—but their signals are often overlooked. Nadia Mirza of the Baltic…
- Macro Pulse
Growth Holds Firm
Global growth continues to hold up well, but this week's data flag a few fresh risks on the inflation and geopolitical front. In our charts this week: Global…
- Macro Pulse
Forecasters Hold Firm
Oil prices are lower, the US-Iran memorandum is holding, and this week's euro area flash CPI came in below expectations. The near-term inflation picture is…
- Macro Pulse
Calmer Waters, New Currents
Oil is lower, Hormuz traffic is recovering, and the geopolitical risk premium embedded in energy markets since March is unwinding. But calmer waters shouldn't…
- Macro Pulse
Between Relief and Reality
The US-Iran MoU has delivered a genuine moment of geopolitical relief — oil lower, yields down, risk assets recovering. But relief is not the same as…
- Macro Pulse
Inflation at the Crossroads
The global macro backdrop has grown more unsettled. A stronger-than-expected US jobs report has pushed back Fed easing expectations, a tech sell-off has…
- Macro Pulse
Inflation Fears, AI Cheers
The global macro backdrop continues to evolve in ways that would have surprised many investors at the start of the year. Expectations of widespread monetary…
- Macro Pulse
The AI Boom Meets Inflation Angst
Markets have remained relatively resilient as oil prices soften on renewed hopes surrounding the US-Iran negotiations. But beneath the surface, the macro…
- Macro Pulse
Surprise, Surprise
Markets have swung back toward inflation angst as Middle East tensions and higher energy prices push bond yields higher again. But beneath the surface, the…
- Macro Pulse
Still Standing
Talk of a potential easing in Middle East tensions has steadied markets. But scratch the surface, and the macro picture remains far from settled. This week’s…
- Macro Pulse
Tension Beneath the Surface
Despite persistent geopolitical tensions, higher energy prices, and a packed week of central bank decisions (Fed, ECB, BoE, BoJ), financial markets have…
- Macro Pulse
Risks Build, Markets Shrug
Financial markets have remained strikingly calm in recent weeks — despite rising geopolitical tensions in the Middle East, a softening macro narrative, and…
- Macro Pulse
From Oil Shock to Policy Dilemma
Signs of de-escalation in the Middle East have triggered a relief rally across financial markets—equities higher, yields retracing, volatility easing. But…
- Macro Pulse
A Supply-Constrained World Comes into Sharper Focus
Markets may be taking some comfort from tentative de-escalation signals in the Middle East, but the economic aftershocks are still working their way…
- Macro Pulse
Energy Shock — Early Signals, Uncertain Fallout
The sharp escalation in Middle East tensions is already reverberating through global markets — pushing energy prices higher, exposing the world economy’s deep…
- Macro Pulse
Geopolitics Meets the Global Economy
Financial markets have clearly rattled by the sharp escalation of tensions in the Middle East over the past few days, with oil prices see-sawing, risk assets…
- Macro Pulse
Shockwaves from the Gulf
In this week’s Charts of the Week, we present six charts that illustrate some of the key issues, implications and points to watch, from the flare up of…
- Macro Pulse
The AI Undercurrent
Over the past few days, financial markets have been navigating a fresh wave of policy and geopolitical cross-currents, with the US Supreme Court ruling on…
- Macro Pulse
AI, Policy Easing and a Shifting Risk Premium
Recent weeks have seen renewed market swings — a softer US dollar, rotation within equities and shifting rate expectations — as investors reassess valuations…
- Macro Pulse
In Conversation with Data Partner: ADP Research
This week, Dr. Nela Richardson, ADP Chief Economist and Head of ADP Research, joins Andy Cates on to recap their recent webinar covering the ADP National…
- Macro Pulse
Weaker Dollar, Stronger Tech
Financial markets have seen renewed gyrations in recent weeks, with a weaker US dollar, higher interest rate volatility and shifting capital flows reviving…
- Macro Pulse
Between Optimism and Uncertainty
The global backdrop remains unsettled, reflected in rising gold prices amid geopolitical tensions. At the same time, however, many major equity indices remain…
- Macro Pulse
Cooling Inflation, Diverging Growth
Over the past few weeks, global financial markets have taken comfort from cooling inflation, resilient earnings and continued upside surprises in the dataflow…
- Macro Pulse
The Upside Risks
In this week’s charts, we highlight a cluster of upside risks that may be underappreciated in current economic forecasts. These include: A faster-than-expected…
- Macro Pulse
The Downside Risks
As 2025 draws to a close, the global economy heads into 2026 with a surprisingly resilient backdrop: equities remain near cycle highs, volatility is low, and…
- Macro Pulse
Diverging Paths, Converging Risks
Global financial markets have been navigating a more unsettled backdrop in recent weeks, with choppier risk sentiment and shifting rate expectations reshaping…
- Macro Pulse
In Conversation with Data Partner: D&B's Global Business Survey Data
In this podcast, Arun Singh, Dun & Bradstreet's Global Chief Economist, joins Andy Cates from Haver Analytics, to explore D&B’s Global Business Insights Survey…
- Macro Pulse
The Year Ahead
As 2025 draws to a close, the global economy feels caught between relief and unease. Inflation has eased but not fully retreated, monetary-policy cycles are…
- Macro Pulse
The Year in Review
The global economic story of 2025 has been one of resilience amid disruption. Despite a succession of shocks — from US trade policies and elevated geopolitical…
- Macro Pulse
Optimism with caveats
Global equity markets are once again flirting with record highs, buoyed by renewed optimism that the global economy can achieve a soft landing—and by…
- Macro Pulse
Risks and Relief
Financial markets have been pulled between opposing forces in recent days. Risk sentiment has been hit by concerns over US lenders, credit conditions, tariffs…
- Macro Pulse
Momentum With Caveats
Global financial markets are entering mid-October with a cautiously optimistic tone, supported by a mix of better macro data and easing geopolitical risk. In…
- Macro Pulse
Shutdowns and Shake-Ups
Financial markets have been navigating a US government shutdown that has frozen key data releases and muddied the macro picture. In the meantime, political…
- Macro Pulse
Signals, Surprises and Shifts
Global financial markets have remained resilient in recent days, supported by a combination of easing inflation concerns, steady growth data, and hopes that…
- Macro Pulse
Resilient Activity, Noisy Policy
Global financial markets have remained steady over the past few days: equity volatility remains low, credit spreads remain contained and core yields have…
- Macro Pulse
Faith in the Fed, Faith in Fiber
Global equity markets have remained near record highs over the past few days following the Fed’s 25bp cut on Wednesday, and which investors have arguably seen…
- Macro Pulse
Labouring the point
Financial markets have spent the week recalibrating after last Friday’s much weaker-than-expected US payrolls data: government bond yields have declined…
- Macro Pulse
A Few Cuts More
Equity markets have lost a little ground in recent days and bond markets have been more jittery, as legal challenges to US tariff policies add to a tense…
Macro PulseIn Conversation With Data Partner: The Conference Board of Canada
Haver Analytics sits down with Pedro Antunes, Chief Economist at The Conference Board of Canada, and Cory Renner, who leads the Board’s forecasting team…
- Macro Pulse
Cracks Beneath The Shine
Recent financial market gains have been underpinned by resilient global data, AI-fuelled optimism, and hopes that most central banks will continue to loosen…
- Macro Pulse
What gives?
Global financial markets head into late summer buoyed by resilient risk appetite, underpinned by hopes that AI will boost productivity and growth alongside…
- Macro Pulse
Downside Risks
Following last week's softer-than-expected US labour market report bond yields have fallen sharply as investors repriced the outlook for Fed easing. This…
- Macro Pulse
Headwinds and Heatwaves
Financial markets have remained generally buoyant in recent days, with global equity indices advancing on the back of relatively upbeat global growth data…
Macro PulseCalmer on the surface, cracks beneath
Financial markets have been on a geopolitical rollercoaster in recent days. The Iran–Israel flare-up briefly sent oil prices surging and risk assets tumbling…
- Macro Pulse
Conflict, energy and constraints
Financial markets have been jolted over the past week by a sharp escalation in geopolitical risk. The sudden intensification of hostilities between Israel and…
- Macro Pulse
Rare earths, the supply side and energy
Financial markets have experienced considerable gyrations in recent weeks, reflecting substantial shifts in investor expectations and heightened uncertainty…