Impeachment – The future is not written
According to Rolling Stones, 55% of Americans support the possibility of an impeachment of Donald Trump. If this situation is confirmed by other polls, the choices of Republicans in Congress will…
Philippe Waechter's blog
What to expect this week: Sept. 30 to October 6, 2019
The most important data of the week will be the US ISM survey for the manufacturing sector (October 1). It was at 49.1 in August down below the 50 threshold…
Recession risks in the Euro Area, not yet in the US
Markit surveys for September show a slow momentum in the Euro area and in the US.The synthetic index for the Euro Area (weighted average of the manufacturing and non manufacturing…
What to expect next week? September 23 to 29, 2019
Highlights Corporate surveys will highlight the business cycle foreseeable future. The IFO will be released on Tuesday 24 as will be the French Climat des Affaires. The French momentum is…
Some thoughts on US monetary policy*
The US central bank – the Federal Reserve – has trimmed its key interest rate again, marking a further step forward down a new track. Its monetary policy is now…
The Federal Reserve reduces its rate as expected
The Federal Reserve reduced its interest rate by 25 basis points. It is now moving in the 1.75 – 2.00% corridor. The median rate for 2019 remains at the current…
The ZEW remains weak in September
The ZEW measured as the average of its two components remains in very negative territory in September. Its reversal mentioned here and there is very relative. The expectation component is…
What to expect next week: September 16 to 22, 2019
The Fed’s meeting (18) will be the important event of the week. We expect a 25bp drop in the Fed’s main rate and nothing on the balance sheet policy. The…