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
Producing versus consuming
Last week's surprisingly strong US employment report has diminished investors’ expectations that central banks would quickly shift to more relaxed monetary…
- Macro Pulse
1 Feb 2024: Seeing Red and Green
Incoming data have reinforced a soft landing narrative in financial markets over the past few days. And although there was some push back from the Fed against…
- Macro Pulse
Lingering Concerns
Lingering tensions in the Middle East are now adversely affecting shipping costs and raising concerns about the durability of global supply chains. Recent…
- Macro Pulse
Contained for now
Over the past few days there has been further pushback to the idea that central banks might initiate easing cycles in the immediate months ahead. Added to this…
- Macro Pulse
Questioning the consensus
The soft-landing consensus that emerged toward the end of last year has come under increased scrutiny in recent days. Specifically, there are now more doubts…
- Macro Pulse
Soft Landing Narratives
The growing belief that central banks may start easing cycles within the next few months, coupled with the increasing plausibility of a soft landing for the…
- Macro Pulse
The Year in Review
A growing belief that central banks have not only concluded their tightening cycles but could even initiate easing cycles within the next six months has…
- Macro Pulse
Stepping back
There has been little to dislodge the growing conviction in financial markets about soft landing scenarios over the past few days as data calendars have been…
- Macro Pulse
Inflation relief
Growing conviction that central banks have concluded their tightening cycles has fuelled a rally in stock and bond markets over the past two weeks. And that…
Macro PulseOiling the wheels
During a week with minimal market-moving data and few central bank announcements, attention in the financial markets has turned towards the oil sector. This…
Macro PulseThe Fed, forecasts and finance
Financial market sentiment has improved in recent days, partly thanks to the Fed’s decision this week to leave interest rates on hold. Although this decision…
- Macro Pulse
Heating up
Financial markets have been more unsettled over the past few days partly because of an escalation of geopolitical tensions in the Middle East. But this has…
Macro PulseGauging geopolitical risks
Geopolitical instability in the Middle East has continued to weigh on sentiment over the last few days not least given its potential to amplify financial…
- Macro Pulse
Geopolitics, IMF forecasts and China
The flare up of geopolitical instability in Israel and Gaza has led investors to re-examine the outlook for the world economy over the past few days. But the…
Macro PulseUnyielding
A further steep climb in US Treasury yields has been in the eye of the storm for financial markets over the past few days. In our charts this week we assess…
- Macro Pulse
Trading places
Financial markets have been much more unsettled in recent weeks largely thanks to a “tighter for longer” narrative from the US Fed and a further steep climb in…
- Macro Pulse
Higher for Longer
Financial markets have been on the back foot in recent days with some oil-related inflation jitters combined with a “tighter for longer” message from the Fed a…
- Macro Pulse
A troublesome consensus
Following this week’s ECB policy decision, investors will likely remain focused on central banks in the coming days with the Fed, the BoJ and the BoE all due…
- Macro Pulse
More stormy waters
The world economy’s resilience over the last few months has surprised many forecasters but the incoming data from Europe coupled with a further climb in the…
- Macro Pulse
Some necessary re-balancing
The trend toward higher government bond yields that had been in vogue for much of August has reversed in recent days. This can be traced to a batch of…
- Macro Pulse
What will drive global growth?
Some of anxiety that has lately gripped financial markets has ebbed a little in the early half of this week but investors are no longer actively embracing the…
- Macro Pulse
Sour, bitter and sweet but not that spicy
The mood in financial markets has soured over the past few days thanks to some downbeat messages from the global dataflow and most notably from China. The…
- Macro Pulse
Goldilocks, or not?
Financial markets have continued to gravitate toward the ‘Goldilocks’ scenario where economic growth is neither “too hot” nor “too cold” and where inflation…
- Macro Pulse
Close to completion?
The downgrade of US government debt by a credit rating agency has been a big driver of this week’s financial market gyrations. The decision by the Bank of…
- Macro Pulse
Energy matters
Central banks have dominated the financial headlines over this past week but, with the possible exception of the BoJ, they don’t appear to have spawned any big…
- Macro Pulse
Rising in the West, falling in the East
The mood in financial markets has remained upbeat over the past few days partly thanks to some stronger-than-expected US earnings reports. Last week’s…
- Macro Pulse
Signs of normalisation
This week’s weaker-than-expected US inflation data coupled with tentative evidence suggesting that labour market activity may be cooling have driven soft…
- Macro Pulse
Are we nearly there yet?
Financial markets have been rattled both by more hawkish communications from central banks and some much firmer-than-expected US labour market data in recent…
- Macro Pulse
Charts of the Week: Growth and policy decoupling
Financial markets have been a little more unsettled in recent days as recession fears have resurfaced again in several major economies. Those fears have been…
- Macro Pulse
Charts of the Week: The potency of policy
A recurring theme in the dataflow over the past week concerns the potency of monetary policy. Another positive CPI surprise from the UK and a 50bps hike from…
- Macro Pulse
Unveiling this Week’s Charts: Pausing, peaking or pursuing?
Central banks have stolen the limelight over the past few days but with policy shifts that reveal stark differences - and perhaps greater disagreement - about…
- Macro Pulse
Fading supply chain pressures, inventory imbalances and ebbing PPI inflation
Financial market sentiment has continued to improve in recent days in part due to the removal of uncertainty surrounding the US debt ceiling. However, as some…
- Macro Pulse
Global vulnerabilities, inflation, credit and labour markets
The world economy’s underlying vulnerabilities have been in sharp focus over the past few weeks, but more deep-seated wounds with longer-lasting scars have…
- Macro Pulse
Latest Charts | Market Jitters, a Tighter Fed, and Inflation Angst
Lingering concerns about US debt ceiling negotiations have left financial markets on the back foot over the past few days. But incoming economic data this week…
- Macro Pulse
Episode - 19 May 2023
Financial markets were a little unsettled earlier this week but heightened optimism about the willingness of US politicians to raise the US debt ceiling has…
- Macro Pulse
Podcast Episode - 12 May 2023
This week’s key release, namely April’s US CPI data, more or less met market expectations while on the policy front the Bank of England matched forecasts too…
- Macro Pulse
Podcast Episode - 28 April 2023
Financial market jitters have resumed in recent days in part because of renewed concern about funding pressures in the US banking sector. Forward-looking US…
- Macro Pulse
Episode - 21 April 2023
Concerns in financial markets about the health of the US and European banking sectors have continued to ebb in recent days leaving more familiar macro factors…
- Macro Pulse
Episode - 14 April 2023
The IMF has trimmed its global growth outlook for this year and flagged downside risks from a potential further flare up of financial instability. Lingering…
- Macro Pulse
Podcast - 6 April 2023
The additional liquidity support that’s been offered by central banks, and the Fed in particular, coupled with heightened expectations of a pivot toward looser…
- Macro Pulse
Podcast - 31 March 2023
A more positive mood in financial markets has unfolded so far this week as fears about the health of the world’s banking sector have ebbed. For how long that…
- Macro Pulse
24 March 2023
Financial market sentiment has improved over the last few days thanks to reassuring communications and targeted policy support from central banks as well as a…
- Macro Pulse
17 March 2023
Growing fears about the underlying health of the world’s banking sectors have dominated the financial headlines in recent days and a trend toward risk aversion…
- Macro Pulse
10 March 2023
Against a backdrop where the US economy has been showing unexpected resilience and firmer-than-expected inflation it was perhaps unsurprising that Fed Chairman…
- Macro Pulse
3 March 2023
Having begun 2023 on a more upbeat footing, the mood in financial markets has continued to sour over the past few weeks. Incoming data suggest that labour…
- Macro Pulse
24 Feb 2023
Financial markets have been pricing in tighter-for-longer monetary policy settings in recent weeks thanks to some firmer-than-expected US data. And this is now…
- Macro Pulse
17 Feb 2023
The shift toward a soft landing consensus that had been in vogue since the start of this year has suffered some setbacks over the past two weeks thanks to last…
- Macro Pulse
Charts of the Week Podcast - 10 Feb 2023
Last Friday’s much stronger-than-expected US jobs report has set the tone for financial markets in the past few days. But it has not yet meaningfully derailed…