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Podcast title Econoday Unplugged
Website URL http://broadcast.econoday.com/...
Description Econoday’s economists look at the week’s important economic events.
Updated Tue, 4 June 2019 14:00:00 GMT
Image Econoday Unplugged
Category Business
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Episodes

1. UP 160: Trade Wars Heat Up, Global Monetary Policy Easing
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Description: Central banks are cutting rates or appear to be preparing to cut rates. Jeremy Hawkins and Mark Pender discuss the effects of trade wars and also what to look for in coming central bank meetings including personnel developments at the European Central Bank.

2. UP 159: European and UK Challenges Underway: Economic and Financial Ramifications
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Description: The shift out of the center and away from the establishment shakes up the outlook for European economic policy and financial assets. The nuts and bolts of coming post-election events in Europe and the UK are also discussed.

3. UP 158: Dovish Bias for Global Monetary Policy; China Impact, European Elections
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Description: Our panel discusses what appears to be an approaching rate cut in Australia and the effect the US-China trade breakdown are having in Asia. Weak data out of the US and what this means for Federal Reserve policy are also discussed as are risks to the euro from the pending European Parliament elections.

4. UP 157: US-China Tariff Effects and the Global Outlook
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Description: How will the hikes underway in US-China tariffs affect the world's two largest economies and how is Europe responding? Jeremy Hawkins and Mark Pender also update the latest economic data and key pending data to come.

5. UP 156: Europe Improving, US Mixed; Monetary Policy on Hold
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Description: A slew of European data show improvement to what are still, however, modest rates of growth. Data out of the US have been less strong than the headlines would suggest especially regarding the consumer. For global monetary policy, the outlook remains wait-and-see with perhaps a dovish tilt.

6. UP 155: Safe-haven Easing; Manufacturing Weakness offset by Services
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Description: The US and China may be on the rebound though growth in Europe is uneven and is being held back by German manufacturing. Whether slowing in trade and weakness in manufacturing is being offset by strength in domestic services is a topic of discussion as are risks tied to the coming Spanish election and extended Japanese holiday.

7. UP 154: Political Pressure on Global Central Banks; European Data Improve
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Description: Whether the Federal Reserve or the Bank of India, executive power has been flexing its muscle in an effort to loosen monetary policy. Jeremy Hawkins and Mark Pender also discuss the latest economic numbers especially from the manufacturing sector where revisions have improved the European outlook.

8. UP 153: Data Rebounding; Has the Global Slowdown Come and Gone?
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Description: Solid snap backs for U.S. employment and European industrial production hint at momentum going into the second quarter and raise the question whether seasonal adjustments are to blame for the fourth-quarter slowdown. The outlook for central bank policies are also discussed and the very latest on Brexit is updated.

9. UP 152: Reserve Bank of India Meets Again; U.S. Looks Soft; Europe No Better
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Description: The outlook for interest rates in India and whether politics are at play is one of our panel's topics as well as housing in Australia and what trade talks mean for China. Soft data are the theme in the U.S. and what they may or may not mean for Friday's employment report, while Europe is headlined by weak core inflation, contraction for German manufacturing, and the continuing saga of Brexit.

10. UP 151: Outlook for US Debt and Outlook for Pound; Ranking Central Bank Responses
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Description: How much of a risk is mounting red ink in the U.S. and how much good news, amid Brexit uncertainty, may already be priced in the pound? Our panel also discusses central bank responses to the global slowdown.

11. UP 150: US, UK, and Swiss Monetary Policy Updated; Brexit Confusion and the Pound
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Description: Status quo may be the expectation but surprises and nuances at this week's round of central bank meetings are always possible. And surprises are the norm for Brexit where the latest twists and turns, and what they would mean for the pound, are explored.

12. UP 149: Seasonality in Evidence, Global Data Swinging Back and Forth
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Description: Whether it's the U.S. employment report or retail sales or European industrial production, large swings are appearing in the monthly reports that are reawakening questions over the reliability of seasonal adjustments during the winter months. Our panel also discusses unfolding events over Brexit and how they already have and may in the future affect economic performance.

13. UP 147: Burning Fuses: Slowdowns, Shutdowns, Trade and Brexit
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Description: Global central banks are increasingly taking note of slowdowns including in Europe where industrial production is sinking and the Italian economy in recession. U.S. growth is still solid with demand for labor unusually strong though a second government shutdown and escalating trade actions against China remain major wild cards.

14. UP 146: Slowing Global Growth: Recession in Italy, Fed Steps Back to Neutral
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Description: Jeremy Hawkins assesses the latest economic data out of Europe and outlines contagion risks tied to technical recession in Italy, while Mark Pender updates indications on the U.S. outlook and discusses the Federal Reserve's shift to neutral.

15. UP 145:RBA Facing Growth Risks, FOMC Shutdown Risks and BoE Brexit Risks
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Description: Our panel discusses the outlook for Asia and whether the Reserve Bank of Australia will indeed stick to its tightening bias, which is a similar question for the FOMC and how dovish they might sound at this week's meeting. For Europe, risks include general slowing especially for Italy and of course Brexit and how the markets and the Bank of England are reacting to events.

16. UP 144:Global Growth Eases
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Description: Chinese GDP is slowing, European industrial production is at a standstill and the Washington shutdown is holding back the United States. Discussion includes why U.S. indicators are still favorable and what the best indicator is to judge Brexit developments.

17. UP 143: Brexit Crunch Time; Latest on US Jobs Data
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Description: The Brexit question for the U.K. may or may not be in a late end game as Jeremy Hawkins explores the political issues and economic risks. For the U.S., Mark Pender talks about what economic numbers are still available and what the outlook is for coming employment data and whether they will be affected by the government shutdown.

18. UP 142: Risks on Rise as New Year Opens
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Description: With Brexit hobbling, Germany slowing and the U.S. government shutting down, the New Year opens with as much uncertainty and investor caution as ever. Jeremy Hawkins and Mark Pender discuss the latest details including which U.S. indicators are affected by the shutdown and which are not.

19. UP 141: No Relief from Brexit or the FOMC
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Description: An early signal on what to expect for 2019 will come on the third week of January when the House of Commons votes on Teresa May's Brexit withdraw bill. For the U.S., the first signal for 2019 will come from Wednesday's FOMC forecast and whether the markets can expect fewer rate hikes ahead, or perhaps no hikes at all.

20. UP 140: FOMC May Pull Bank; Latest on Brexit, ECB and France
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Description: The U.S. employment report for November was on the soft side, setting up what could be a backing off in 2019 rate hikes at next week's FOMC. Also discussed are outlooks for Brexit, European Central Bank policy, and riot-stricken France.

21. UP 139: Neutral Policy A Global Theme, Including the Fed?
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Description: A run down of central banks from Canada to India to Europe points to steady monetary policy and following last week's dovish turn from Jerome Powell, fewer rates may now be the call for the Federal Reserve. Our panel also updates Brexit risks, the latest data out of the Eurozone, and a possible upside jolt for Friday's U.S. employment report.

22. UP 138: Complex Endgame for Brexit, US Outlook Mixed for Q4
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Description: Theresa May appears to be well short of the votes needed in the House of Commons to secure her agreement with the Eurozone, raising questions over her leadership and also whether new amendments or new elections are in store. For the U.S., early indications for fourth-quarter GDP are mixed with net exports continuing to weaken while inventories continue to build.

23. UP 137: Consumer weakness hits Eurozone growth, major central banks are seen on hold – for now.
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Description: A Fed tightening may be just a matter of time but sluggish European household demand leaves an ECB rate hike a distant prospect. Little excitement is expected from the week’s RBA and RBNZ announcements but speculation about a Brexit deal should keep investors focussed on UK financial markets, just in case...

24. UP 136:GDP Mixed, Jobs Outlook Strong in US; Europe Weakens
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Description: US GDP proved strong on the surface in the third quarter but mixed in the details while expectations for Friday's employment report are upbeat though year-on-year wages are expected to jump. In Europe, flash GDP data for the third quarter show growth slowing to a 4-year low with the political shake up in Germany adding further uncertainty.

25. UP 135: China Growth Slowing, US Wage Risk, Italy Euro Risk
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Description: The Chinese stock market has turned volatile as the nation's economic data have slowed. The US has third-quarter GDP coming out on Friday but the following week's wage data may have more impact on Federal Reserve policy. In Europe, Italy's budget-busting plans are not helping market stability and are proving a negative for the euro.

26. UP 134: Brexit at the Brink, Italy Too; US Drowns in Red Ink
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Description: Pessimism is back in front as Brexit negotiations, still snagged by the Irish border, hit yet another climax this week. For Italy, budget busting plans and possible EU protests are the focus. A budget bust in the US is also playing out and is giving a Keynesian boost to what looks like another strong quarter for GDP.

27. UP 133: Costs of prioritising economic growthK
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Description: Another cut in Chinese banks’ reserve requirements shows that the PBoC is more interested in supporting economic growth than it is worried about containing inflation. The new Italian government has no inflation to worry about but it also wants to give its economy a lift, even if it does mean breaking the EU Commission’s fiscal rules. In both cases, international investors do not seem impressed.

28. UP 132: Rate Hike Prospect for the US; Brexit Split in UK
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Description: Rates look to go up at tomorrow's FOMC as attention focuses on the extent of future hikes and risk of recession. In the UK, Brexit developments are becoming more testy and include the chance for a second referendum. While in Italy, fiscal debt is the topic and its implications for policy across the continent.

29. UP 131: Awaiting Effects of the Trade War; Updates on European Central Banks
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Description: Initial effects of this year's U.S.-China trade war, whether on trade or the yuan or U.S. Treasuries, are still unfolding and that was before this week's U.S. actions against China. No change is the theme for the European Central Bank and Bank of England as well as the Swiss National Bank where trouble for emerging- market currencies, and resulting strength for the Swiss franc, is a special factor.

30. UP 130: ECB and BOE Updates, US Inflation, Japan Disasters
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Description: The European Central Bank is expected to keep its easing bias and the Bank of England it's tightening bias at this week's meetings. In the U.S., a tightening labor market is raising questions over wage inflation while in Japan, earthquakes and typhoons are raising third-quarter risks.

31. UP 129: US Payroll Outlook, Australia Might, Swiss Franc Troubles
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Description: US economic data have been slowing slightly but not expectations for Friday's employment report. Australia is enjoying its 27th straight year without recession amid a solid outlook including for non-mining industries. Too solid are the gains underway for the Swiss Franc as increasing turmoil hits the emerging markets.

32. UP 128: Europe Soft; New Leader For Australia; Strong U.S. Job Assessment for August
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Description: Overall growth continues to flatten in Europe while flat wages, rising housing costs and failure to modernize are behind a leadership change in Australia. In the U.S., early third-quarter data are mixed though a big jump in the consumer's assessment of the labor market is hinting at a very strong August employment report.

33. UP 127: Weak data out of Europe and China, Weak Inflation in the U.S.
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Description: Despite strength in Germany, Eurozone manufacturing is in technical recession while key data out of China, both industrial production and retail sales, are lower than expected. Lower than expected is also the result for U.S. import and export prices as businesses absorb higher costs and as tariff-related effects on metals fade.

34. UP 126: A post-mortem on US employment report and labour mobility. Reserve Bank of Australia’s policy decision. Worrisome German data.
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Description: The discussion revolves around questions of labour mobility and what it means to matching jobs and skills in a tight market. The Reserve Bank of Australia remains on hold for two years. Germany’s worrisome manufacturing sector. Will the Bank of England increase rates again?

35. UP 125: Central Bank Updates: BoJ, Fed, ECB, BoE
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Description: The Bank of Japan, to the surprise of some, is keeping its easing efforts at full force while the Federal Reserve is expected to make no policy change in a Wednesday statement, however, that may have a hawkish edge. A move higher for core inflation is good news for the European Central Bank though slowing second-quarter growth isn't, while for the Bank of England a rate hike on Thursday would give it policy headroom to lower rates in the future.

36. UP 124: Central Banks in Focus: What to Expect from the BoJ, ECB, and the Fed
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Description: Will the Bank of Japan make changes at month end to its aggressive quantitative easing program? The European Central Bank is expected to hold policy steady at this week's meeting but there are still questions over the 2019 outlook . And for the Fed, a retaliatory rate hike to assert its independence at next week's FOMC may be out of the question but its rate-hike path, pressure from the administration aside, is clearly laid out in detail.

37. UP 123: A Cautious Powell, Bigger Brexit Mess, Chinese GDP
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Description: Jerome Powell isn't making waves in his semi-annual testimony, while lack of progress in Brexit and lack of variation in Chinese GDP are also topics of interest.

38. UP 122: Brexit Chaos, US Job Expansion, Canada Rate-Hike Question
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Description: Our panel updates building risks in the Brexit drama, the inflow of new workers in the US job market, and the choices the Bank of Canada faces in their coming meeting.

39. UP 121: Early Effects of Tariffs and Trade Wars
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Description: Trade worries are beginning to affect export-driven economies in Europe while ongoing effects of import tariffs are boosting U.S. orders, inventories and especially backlogs for steel and aluminum.

40. UP 120: Central Banks and Trade Wars
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Description: Tariffs already appear to be an issue for China's central bank while the issue has yet to be a focus for the Federal Reserve. In Europe, central banks have been cautious and may prove more hawkish than accommodative.

41. UP 119: ECB Taper, Swiss Flows, US Housing Update
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Description: An end to quantitative easing doesn't mean the European Central Bank is turning hawkish. Also discussed is the Swiss National Bank and its fight to lift inflation and limit currency appreciation as well as the play between weakness and strength in the U.S. housing market.

42. UP 118: ECB May Act, Fed Will Act, BOJ Not Likely to Act
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Description: Winding down of stimulus, despite weak Eurozone growth, is a possible outcome for this week's ECB meeting while a rate hike, given scarcity in the U.S. labor market, appears a certainty for the Federal Reserve.

43. UP 117: Tariffs and the Risk to Global Demand
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Description: U.S. tariffs and retaliatory tariffs are posing new questions for the global outlook with their initial economic impact beginning to unfold. Risks from Italy and from a tightening U.S. labor market are also discussed.

44. UP 116: Confidence in U.S. Jobs, Uncertainty over Italy
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Description: Strength without inflation is once again the call for Friday's U.S. employment report while the forecast for Italy, and by direct extension the euro, is rising uncertainty.

45. UP 115: Weddings, Tariffs and Other Special Factors
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Description: The Royal Wedding was definitely big and enough to give a boost to UK GDP, while in the US it's manufacturing, not the consumer, that's the economic driver.

46. UP 114: US Consumers, Chinese Output, UK Rates
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Description: Consumer spending in the US got off to a decent second-quarter start as did the Chinese industrial sector, in contrast to the UK where weaker growth is raising questions over Bank of England policy.

47. UP 113: Slowing or Rising?: Inflation in Europe and the US
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Description: Low growth and low inflation raise new doubts over the end of quantitative easing in Europe and rate hikes in the UK, while in the U.S. the focus is shifting to the risk of higher inflation. We also update the latest on Chinese economic data and trade talks.

48. UP 112: Shifts in the Global Outlook
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Description: Slowing growth is the theme in Europe but less so in the U.S. where inflation is making a sudden appearance. For Japan, however, steady is the theme.

49. UP 111: First-quarter GDP Data Set To Unroll
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Description: GDP forecasts for first-quarter growth in the Eurozone and U.S. are subdued while in Japan, the struggle to boost inflation continues.

50. UP 110: Europe Slowing, China on Track, US Uncertain
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Description: Data out of Europe have been disappointing with China steady and very predictable. In the U.S., tariff effects are beginning to appear.

51. UP 109: Factory Updates for the US and Europe are Mixed
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Description: Hints of capacity stress and price pressures are appearing in US factory data but only hints, while factory production may actually be holding back growth in Europe.

52. UP 108: Signs of slowing in Europe, signs of strength in US
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Description: German retail sales have fallen for three straight months while indications on Europe factory sector are slowing visibly, a contrast to the U.S. where vehicle sales may be rebounding and factory indications are on the rise and pointing to capacity stress. Also discussed is the latest out of Australia where faster growth is the risk.

53. UP 107: Central Banks Expanding Mandates, Seeking Flexibility
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Description: The Reserve Bank of New Zealand, in addition to targeting inflation, is adding the goal of maximizing employment and is the latest central bank to add new mandates to increase flexibility.

54. UP 106: Central Bank Updates: From China to Europe to the US
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Description: A new chief is the focus for China's central bank while inflation is the question for both the European Central Bank and the Bank of England. And it is definitely inflation, its risk or its absence, that the results of tomorrow's FOMC will turn on.

55. UP 105: European Growth, US Inflation
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Description: Growth lopsided to exports may be pointing to the risk of imbalances for Europe while inflation, or the lack of it in February at least, is the focus in the U.S.

56. UP 104: ECB and BoJ prospects
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Description: With the Italian election results along with agreement on a German government the focus is now on the ECB announcement. In Japan, leadership and when the BoJ might begin to consider unwinding its ultra-loose policy have the attention of bank watchers.

57. UP 103: Powell Stresses Strength, Elections in Europe, Weakness in Asia
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Description: Jerome Powell's debut has increased the odds for four rate hikes this year, while weekend elections and disappointing data pose new questions for Europe and Asia.

58. UP 102: Inflation worries on both side of the pond
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Description: The Fed might be worried about strengthening inflation while the ECB and Bank of Japan worry about too little.

59. UP 101: Inflation: Dead or Alive
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Description: Is U.S. inflation set to rise? And why is inflation in the UK running so strong? Our panelists offer their cross-Atlantic assessments of inflation and the outlook.

60. UP 100: Now and Then: Does Two Years Make a Difference?
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Description: Celebrating our 100th weekly installment, panel members compare the global economy two years ago with where it is now.

61. UP 99: Growth Improving But Inflation Still Subdued
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Description: GDP data and PMI surveys are showing building strength out of Europe while strength in U.S. GDP is deceptive but very significant. Yet inflation is still subdued though whether it begins to increase in line with economic growth, and whether central banks become increasingly less accommodative, are the questions for the 2018 global economy.

62. UP 98: Central Bank Policies and Fourth-Quarter GDPs
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Description: The Bank of Japan and the European Central Bank are making news this week as will upcoming fourth-quarter GDP reports from the U.K., the Eurozone and also the U.S. where a solid consumer-driven quarter is the forecast.

63. UP 97: Global 2018 Economic Outlook On The Rise
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Description: Signs of economic strength are coming from the U.S. consumer, the Canadian labor market, and are expressed in Europe by gains in the euro. And all of this strength is hinting perhaps at less accommodation this year from global central banks.

64. UP 95: European and U.S. Growth Solid and Accelerating
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Description: Eurozone data are increasingly positive with fourth-quarter GDP tracking at a 2.5 percent pace while 3.0 percent GDP is a safe call right now for the U.S. where manufacturing, housing, and possibly even consumer spending all show strength.

65. UP 96: Japan and Europe Heating Up; US Inflation Flat
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Description: Japanese economic growth is on its best run in 29 years while the economy in Europe ended last year on an impressive note. Yet price pressures are still elusive as they are in the U.S. where inflation updates are the week's feature.

66. UP 94: 2017 Global Economic Roundup
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Description: It was a good year for the economies around the world as growth in Europe and the U.S. improved while China and Japan held steady.

67. UP 93: Fed to Raise Rates, European Banks to Hold Pat
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Description: Capacity constraints and overheating are the risks facing the Fed, factors that are not at play in Europe where stable policy is the call.

68. UP 92: New Troubles for Brexit, Major Tax Cut for US
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Description: Major sticking points over Irish borders pose new threats to Brexit, while a major tax cut for the U.S. means new stimulus at a time of full employment.

69. UP 91: Key Data Pending in Europe and Japan; Confidence Leads U.S.
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Description: Eurozone updates are due this week for inflation and economic sentiment while the focus in Japan is consumer spending. In the U.S., advance data hint at slower fourth-quarter growth though home sales are up and consumer confidence keeps making new highs.

70. UP 90: In Europe, Politics is the Question; In the US, It's the Fed and Stock Market
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Description: A rudderless government in Germany isn't a plus for the euro, while empty seats at the Fed and a raging stock market raise questions for the U.S.

71. UP 89: Growth Improving But Inflation Still Weak, Perhaps
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Description: Eurozone growth is on a broad upswing though wage-push inflation remains subdued, roughly in line with the U.S. though the latest inflation numbers out of Washington do hint at an upswing.

72. UP 88: Central bank personnel and policy changes
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Description: The changing membership of the Fed’s leadership and the policy outlooks for the Bank of England and Reserve Bank of Australia headline the discussion.

73. UP 87: Four Banks, Two Paths
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Description: The Bank of Japan and the European Central Bank are stimulating their economies more so than the Bank of England or the Federal Reserve. Our panel discusses growth, employment, inflation and other factors at play.

74. UP 86: Policy Possibilities for the ECB, Strong data for the U.S.
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Description: The European Central Bank on Thursday may once again taper their quantitative easing program though the risk of a stronger euro could limit their move. In the U.S., economic data have been building steam as have tax cuts and the naming of a new Fed chair.

75. UP 85: UK Rate Hike Perhaps Pending; US Economic Mixed
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Description: Inflation in the UK is alive and the first rate hike there in a decade is perhaps on its way. Inflation in the U.S. may or may not be warming up against what are mixed indications on fundamental economic strength. We also update the latest out of China and Japan.

76. UP 84: Politics in Europe and Japan, Economics in the U.S.
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Description: The euro doesn't look to get any support from possible Catalan independence nor the pound from the 5th round of Brexit talks, and tumult is the description for Japanese elections where a new liberal party is threatening conservative dominance. In the U.S., it's all about wages and the risk of an inflationary flashpoint following unexpected strength in average hourly earnings.

77. UP 83: Europe Solid But Catalonia Blurs Outlook; Hurricanes Scramble US Data
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Description: European economic data, outside of inflation, are showing broad based strrength though unrest in Catalonia raises questions over the Spanish economy and the European outlook. In the U.S., the impacts of Hurricane Harvey and Irma are beginning their landlfalls on economic indicators including the Friday's employment report.

78. UP 82: A Week of Elections and Hurricanes
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Description: Elections in Germany and also New Zealand have scrambled political and economic outlooks while hurricane effects are beginning to swamp U.S. data.

79. UP 81: A Week of Elections and Balance Sheets
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Description: Elections in Germany may have implications on deeper European integration while elections in New Zealand could change the power structure of the nation's central bank. In the U.S., balance-sheet unwinding is likely to begin with its possible impact not all together certain.

80. UP 80: European Central Banks, US Hurricanes
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Description: Central banks in Europe are keeping policy actions on hold as may the Federal Reserve given the still unfolding effects of Hurricanes Harvey and Irma.

81. UP 79: Central Banks Seeing Little Urgency To Tighten
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Description: Whether in Europe or North America, central banks may be leaning toward caution given stubbornly low inflation and wage growth.

82. UP 78: Global Economy Solid, Houston in Focus
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Description: Updates on how the economies of Europe, Asia, and the U.S. are performing and discussion of Hurricane Harvey and the oil market.

83. UP 77: Japan, US Lead Upturn in Economic Strength
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Description: Economic momentum is suddenly building especially in Japan and the United States, both getting a boost from the domestic consumer.

84. UP 76: Global Updates led by the Bank of England
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Description: UK inflation, US jobs, and the latest data from Asia headline this week's discussion.

85. UP 75: What's Up with the Euro?
http://www.podtrac.com/pts/red... download (audio/mpeg, 12.83Mb)

Description: The euro has been rising very sharply in recent weeks with the dollar moving lower. Our panel looks at reasons why including divergence in economic strength.

86. UP 74: US and UK Updates for Busy Week
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Description: GDP data are slated for the US and the UK in what will be key updates on the state of global momentum. And in the US, Wednesday's FOMC statement is also in focus.

87. UP 73: Global Updates: Central Banks, US Housing
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Description: Hints of unwinding from the European Central Bank may in store while ETF purchases are a question for the Bank of Japan. In the U.S., a moderately strong housing sector is the focus.

88. UP 72: Fed Policy Tools in Focus
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Description: Would fixed policy tools improve monetary policy or are they too restrictive and already obsolete?

89. UP 71: Global Roundup On Inflation, Or Lack Of It
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Description: Lack of inflation and specifically lack of wage power appears to be persistent and global. The panel discusses possible reasons including worker defensiveness following the Great Recession.

90. UP 70: UK and Eurozone Bulletin
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Description: Econoday's Jeremy Hawkins updates developments underway in Europe including the new government in the UK, the economic ties between France and Germany, and the latest status of Greece.

91. UP 69: Rate Hike in the US, Confusion in the UK
http://www.podtrac.com/pts/red... download (audio/mpeg, 13.73Mb)

Description: A weak consumer and flat inflation won't be boosting the justification for a Fed rate hike while in Europe, a hung parliament won't be helping the UK's Brexit position.

92. UP 68: Super Thursday for Europe, Stagnant Growth for U.S.
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Description: The UK election on Thursday may or may not keep the status quo in place while Thursday's ECB meeting may or may not offer hints on QE cutbacks. In the U.S., growth has yet to pick up yet a rate hike is the call for next week's FOMC.

93. UP 67: Inflation Missing Piece
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Description: Slowing inflation in Europe and the U.S. are not supporting the outlook for less central bank accommodation.

94. UP 66: Global Strength Picking Up But U.S. Still Flat
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Description: Economic data from Canada to Germany are on the upswing, in contrast to the U.S. where early second-quarter numbers are no better than mixed.

95. UP 65: Europe Looking Solid But U.S. Mixed
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Description: Europe is showing increasing economic strength and political stability, a contrast to the U.S. where April's data include major disappointments and where politics are clouding the economic agenda.

96. UP 64: Stability for Europe, Softness for the U.S. and China
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Description: It's back to the status quo for Europe and an end for now with protectionism, while weakening inflation is the new concern for the U.S. and moderation the continuing concern for China.

97. UP 63: Momentum Rising in Europe, Slipping in the U.S.
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Description: Data out of Europe show improving growth and easing risks in contrast to the U.S. which is being hit by very weak consumer spending.

98. UP 62: Global Economic Outlook Mixed
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Description: Stable growth is the outlook for Europe, weak consumer spending for the U.S., and extended lifelessness is the call for Japan.

99. UP 61: UK Election, US Consumer, China GDP
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Description: An early general election in the UK is helping the pound while weak retail sales are not helping U.S. GDP. Chinese data appear strong but underlying growth no more than steady.

100. UP 60: Global Economy Soft, March No Help
http://www.podtrac.com/pts/red... download (audio/mpeg, 12.52Mb)

Description: The Easter shift from March last year to April this year is a special factor for consumer spending in both the U.S. and Europe while it was an extended New Year that has, until now, clouded Chinese data.

101. UP 59: Global Economic Updates
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Description: An uncertain drop in European inflation, unexpected strength in the U.S. ISM, and rising debt in Australia are only some of the topics.

102. UP 58: Confidence High But Traction Low
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Description: Confidence is high in the U.S. and Europe but has yet to translate to higher spending or better growth.

103. UP 57: Inflation: Up or Sideways?
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Description: Energy and wages are key factors affecting the outlook for inflation and central bank policy as well.

104. UP 56: Elections and Rate Decisions
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Description: U.S. rates are likely going up to fight inflation while Japanese rates are likely to hold steady to encourage inflation. In Europe, elections and populism are the topics.

105. UP 55: Slow Growth and Rising Inflation
http://www.podtrac.com/pts/red... download (audio/mpeg, 11.21Mb)

Description: China faces slowing growth while Europe and the U.S. face strength in headline inflation.

106. UP 54: The Anecdotal Surge, The Core Inflation Call
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Description: In the U.S., consumer and business confidence are soaring but have yet to translate into substantial gains for actual economic data. In Europe, overall inflation is nearing 2 percent but not core inflation which could move in reverse.

107. UP 53: Yellen Downplays QE Unwinding
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Description: Janet Yellen is no hurry to reduce the central bank's $4.5 trillion balance sheet despite calls for unwinding from within the Fed, just one of the highlights of her Tuesday testimony.

108. UP 52: What's full employment?
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Description: Job growth is solid and unemployment continues to come down both in the U.S. and Europe, yet wage inflation remains soft and is scrambling definitions of full employment.

109. UP 51: Growth Improving, Inflation the Question
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Description: Updates on Japan and Europe where improving growth rates, together with a tightening U.S. labor market, raise the question whether inflation may begin to build.

110. UP 50: Advance Data Point to Global Uptick
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Description: European indicators are showing life as are those in the U.S., while China holds steady and firm.

111. UP 49: Protectionism is the Theme
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Description: China's claiming the high ground in what may be a coming trade war, one initiated by Brexit where more uncertainty appears to be the outlook. In the US, we update the post-election economy.

112. UP 48: The Promise of an Interesting Year
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Description: From retail sales in the US to factory output in the EU, the latest in economic news and how politics may be affecting the outlooks.

113. UP 47: The Promise of an Interesting Year
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Description: Though likely holding steady in the early part of the year, the economic outlook may shift dramatically as the Trump administration tries to move its stimulus programs through Congress and as a series of key elections, against a backdrop of populism, take place in Europe.

114. UP 46: Politics and the Economic Outlook
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Description: The global economy is picking up but politics and its effect on policy are the question marks for 2017, whether in Europe or the U.S.

115. UP 44: Global Roundup Including the Outlook for Trade
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Description: Changes for global trade seem to be in store, but there are signs of strength coming from Asia and Europe. Exports, however, are not the strength right now for the U.S.

116. UP 45: Policy Change for Central Banks
http://www.podtrac.com/pts/red... download (audio/mpeg, 9.88Mb)

Description: Central banks are in play as the Fed looks to be withdrawing stimulus right when the incoming administration is looking to add stimulus. And there's changes for the ECB which has begun tapering in what may or may not be good for the euro.

117. UP 43: Big Surge in US, Big Vote in Europe
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Description: Topics include the strength of the U.S. consumer and the banking implications of this weekend's Italian referendum.

118. UP 42: Global Economic Updates, US Leads
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Description: European data are flat, Asia mostly firmer, while the consumer surges in the U.S.

119. UP 41: Awaiting New Policy
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Description: Unknowns are the initial result of the Republican sweep, how new policies could effect both the economy and the Fed.

120. UP 40: Chock-full of central bank meetings
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Description: This week is chock-full of central bank meetings. While the Reserve Bank of August and Bank of Japan left their respective policies unchanged, will there be any surprises from the FOMC and the Bank of England?

121. UP 39: Global Growth and Lack of Price Punch
http://www.podtrac.com/pts/red... download (audio/mpeg, 11.26Mb)

Description: Important economic data are coming up for Japan, Australia and the United States. Will they be consistent with improving economic growth and rising inflation?

122. UP 38: China, Brexit, and inflation
http://www.podtrac.com/pts/red... download (audio/mpeg, 12.61Mb)

Description: Econoday tackles the hot questions of Chinese growth, a hard Brexit, and the outlook for inflation.

123. UP 37: Six Seconds For Sterling
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Description: The algo high-frequency market took a fast bite out of sterling last week, raising questions about the structural outlook for the new age financial markets and also about currency values in macroeconomic policy.

124. UP 36: Similarities and Contrasts
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Description: Brexit has yet to hurt to the UK economy which is now accelerating, similar to a degree with the US economy but largely a contrast with the Eurozone economy.

125. UP 35: Experiments at the Bank of Japan
http://www.podtrac.com/pts/red... download (audio/mpeg, 8.55Mb)

Description: The Bank of Japan is now using a new policy tool, managing the 10-year JGB yield curve in an effort to stimulate the economy. What are the details and what are its prospects?

126. UP 34: Central Bank Bonanza
http://www.podtrac.com/pts/red... download (audio/mpeg, 7.42Mb)

Description: The Bank of Japan is expected to act, unlike the Federal Reserve which is expected to stay on hold.

127. UP 33: Markets are impatient
http://www.podtrac.com/pts/red... download (audio/mpeg, 16.52Mb)

Description: Central banks continue to be the focus globally. Have central bank speakers stirred concerns of the Banks’ credibility? Is it a good thing that policy makers air their disagreements in public in their desire to make their decision making more transparent?

128. UP 32: Central bank update
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Description: Monetary policy is the focus and the questions? Is there any chance that the Bank of Japan can meet its inflation target? Did the Bank of England react too quickly to Brexit? And has the August employment report ended any chance for a September rate hike?

129. UP 31: One slowing, one rising
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Description: The European economy is steady but biased perhaps toward slowing, a contrast with the U.S. where the economy, specifically the consumer, may be building up steam.

130. UP 30: U.S. Signals Mixed, Japan Down
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Description: The latest data out of the U.S. are both good and bad, unlike Japan where good news is very hard to find.

131. UP 29: A Degree of U.S. Separation
http://www.podtrac.com/pts/red... download (audio/mpeg, 10.82Mb)

Description: The Bank of England launched a big round of stimulus, underscoring the weak outlook for Europe and with it the softening outlook for Asia as well. But for the domestic-focused economy in the U.S., the outlook is less downbeat.

132. UP 28: Brexit and the Bank of England
http://www.podtrac.com/pts/red... download (audio/mpeg, 12.57Mb)

Description: Facing slowdown risks tied to Brexit, the Bank of England is set to offer more stimulus at its Thursday meeting, cutting rates and/or upping QE.

133. UP 27: When Conventional Policy Doesn't Work
http://www.podtrac.com/pts/red... download (audio/mpeg, 13.60Mb)

Description: Econoday's economists assess the limits of conventional monetary policy to stimulate global growth and discuss the possibility of alternatives, including the necessity for fiscal efforts.

134. UP 26: Brexit, is it or isn't it?
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Description: Volatility is easing but talk of a new vote is raising the prospect that the U.K.'s exit from Europe may not be a foregone conclusion.

135. UP 25: Brexit Developments Unfold, Growth Slow
http://www.podtrac.com/pts/red... download (audio/mpeg, 14.68Mb)

Description: Amid Brexit fallout that includes a new prime minister, the Bank of England is expected to cut rates with the ECB to take its cue from moves in sterling. It's slow growth in the U.S. and slowing growth in China.

136. UP 24: Waiting for Brexit and Brexit Effects
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Description: Businesses and markets may not like it but prolonged uncertainty is the outlook given the leadership upheaval in parliament and when -- or perhaps if -- article 50 is invoked and the U.K. begins to break away. In the meantime, it's wait and see for July data and the first economic effects which won't begin rolling out in bulk until next month.

137. UP 23: Shift in Brexit Polls Heighten Risk
http://www.podtrac.com/pts/red... download (audio/mpeg, 11.11Mb)

Description: Polls are suddenly swinging in favor of Brexit, putting monetary policy on hold and global markets in reverse. Coordinated central bank action on a "leave" vote, if any, would likely take its cue from the Bank of England.

138. UP 22: U.S. Jobs and Brexit Not Helping Global Outlook
http://www.podtrac.com/pts/red... download (audio/mpeg, 13.24Mb)

Description: May's weak employment report is hopefully just a one-month aberration though it has dimmed the U.S. economic outlook and lowered rate-hike expectations. Brexit dominates the European discussion amid complete uncertainty over the outcome of this month's vote and the scale of its impact effect if passed. In Asia, global slowing is keeping Australia policy in check with a rush of Chinese data to keep investors busy this week.

139. UP 21: A global deluge of data
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Description: Global central banks will have a slew of new economic data as input to their decision-making process. U.S. data will be closely monitored with a Fed decision looming in two weeks. But in Europe the Brexit decision is outweighing data considerations for now.

140. UP 20: Global Risks Aplenty But U.S. Consumer Shows Strength
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Description: Brexit may be slowing expectations for European growth but the latest polls are pointing to no exit for the U.K., reflected in gains underway for the pound. Action in the U.S. is definitely coming alive as new home sales, in the latest sign of consumer confidence, posted a giant gain and talk builds for a June FOMC rate hike. Still, global growth is generally low, a concern for the G7 which is urging nations not devalue their currencies.

141. UP 19: China and Europe Slow But Less So the U.S.
http://www.podtrac.com/pts/red... download (audio/mpeg, 13.26Mb)

Description: China is bottoming and has yet to pick up while Europe's economy continues to disappoint with Brexit becoming an increasing wildcard. The news is slightly better in the U.S. where the consumer, presidential election and all, is spending once again.

142. UP 18: Central Bank Meetings: When Less Is Plenty
http://www.podtrac.com/pts/red... download (audio/mpeg, 13.44Mb)

Description: Global central banks have been cutting the number of their policy meetings, generally to 8 a year. Is this enough time to gauge changes in economic trends or assess changes in market direction?

143. UP 17: GDP, Themes and Variations
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Description: It's the global GDP season which brings to light the differing measures between nations not to mention the differing results with Europe doing better, China slowing, and the U.S., where productivity is weak, stalled.

144. UP 16: Slow Global Growth Spells Easy Monetary Policy
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Description: Growth is slow in the U.S. and there's no expectations at all that the Fed will cut rates at this week's meeting. Growth is even a bit slower in Europe and isn't expected to get much immediate lift from the ECB's latest expansion of its quantitative easing program. And news will be especially heavy from Japan where a run of key data will be posted this week along with the Bank of Japan's latest decision which, despite the major earthquake, may or may not see a deepening in negative policy rates.

145. UP 15: Japan Quake Poses Risk to Already Soft Global Growth
http://www.podtrac.com/pts/red... download (audio/mpeg, 15.11Mb)

Description: A major earthquake in Japan's manufacturing region is certain to lower the economy's near-term performance following what was negative fourth-quarter GDP. The outlook for Europe, Brexit aside, is less ominous with slow but steady growth expected to continue, getting a boost by increased lending tied to ECB liquidity actions. A slow outlook is also the call for the U.S. where, despite favorable weather, growth has been soft, specifically spending by consumers who are not getting much of a lift from wages.

146. UP 14: Inflation Warms Up
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Description: Inflation is showing traction in Europe in strength however that could be tied to Easter calendar effects during March. But prices in the U.S., at least for fuel, are showing sudden traction while the CPI and PPI for China have been on the upswing so far this year.

147. UP 13: Soft Growth and New Stimulus
http://www.podtrac.com/pts/red... download (audio/mpeg, 11.55Mb)

Description: Soft growth and new central-bank stimulus are the international themes as slowing Chinese growth remains the global economy's central question mark. In the U.S., focus is on exports and whether they are beginning to get a lift from this year's dip in the dollar.

148. UP 12: Yellen Praises Gradual Path, Global Stimulus In Place
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Description: Highlights of this week's edition include a dovish sounding Yellen, the outlook for sterling and Brexit, and the latest on economic policy out of Asia.

149. UP 11: Global Outlook Steady
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Description: Steady stimulus from the Fed together with heavy stimulus from other central banks should help keep the global economy in place.

150. UP 10: Central Banks Playing Defense
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Description: Markets expect the Fed, facing soft conditions, to hold off withdrawing stimulus at this week's FOMC and they were disappointed that the European Central Bank, despite last week's heavy run of stimulus efforts, isn't planning to lower rates even further.

151. UP 09: Spinning Through Monetary Moves
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Description: There's weakness aplenty in the Japanese economy where, in what could be a new negative for the yen, a deeper turn for central bank policy is expected, similar to Europe where the ECB is fighting to lift inflation and improve growth and is expected to cut rates and perhaps add further to its quantitative easing program. Quite different is the outlook for the Fed which is likely to refrain from raising rates despite signs of inflation and despite strength in the labor market.

152. UP 08: Undershooting Inflation
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Description: "Deflation" is the watchword as most global price measures continue to sink, raising frustration among policy makers and raising questions whether central bank stimulus is working. But these questions don't quite apply, at least yet, to the U.S. where key inflation readings, though still moderate, are on the rise.

153. UP 07: Brexit and a Wider Slowdown
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Description: Brexit may be more than a UK issue, threatening to affect the rest of Europe. Growth in Asia is already soft as it is in the U.S. despite an unexpected rise in U.S. inflation.

154. UP 06: Rates Down, Global Uncertainty Up
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Description: The U.S. economy, supported by a solid labor market, may still be sound but recession worries are emerging and interest rates are dropping. In Europe, the economy is flat with ECB stimulus policies still not showing any traction while in Asia, the bias is toward over exaggerating the weakness of economic data.

155. UP 05: Yen, euro and dollar commotion
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Description: The yen is up and not down after the Bank of Japan's move to negative rates. In Europe, large economies are now getting downgrades as is the U.S. where the dollar is down and Fed Chair Janet Yellen's testimony is ahead.

156. UP 04: Global growth woes
http://www.podtrac.com/pts/red... download (audio/mpeg, 23.00Mb)

Description: Economies that were growing are slowing and for those that weren't growing, the outlook is not positive. This bleak theme is triggering a wave of central bank stimulus and perhaps changing expectations for Fed rate hikes.

157. UP 03: Central Banks: Talk Leads Policy
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Description: The European Central Bank didn't add new stimulus this month but is promising plenty ahead while the Federal Reserve, facing weak foreign markets and lack of inflation at home, has to keep up a hawkish sounding bent or risk falling behind on its planned run of rate hikes. And in Japan the talk is about more and more stimulus, whether it's effective or not.

158. UP 02: Chinese data relieve market angst
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Description: Chinese data relieve market angst.

159. UP 01: It Begins
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Description: The Chinese reports are discussed.