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Federal Reserve: September hike risk stays elevated – ABN AMRO
ABN AMRO strategists analyze the latest Federal Reserve decision to keep the federal funds rate at 3.5-3.75%. They highlight dissenting votes, Kevin Warsh’s emphasis on the 2% inflation target, and the Fed’s reliance on market signals.
Bailey speech: Encouraging CPI is below where we thought it would be
Bank of England (BoE) Governor Andrew Bailey explains the decision to maintain the bank rate at 3.75% in a 6-3 vote split following the July monetary policy meeting and responds to questions from the press.
Bailey speech: Need to raise rates if Mideast conflict leads to 2nd round effects
Bank of England (BoE) Governor Andrew Bailey explains the decision to maintain the bank rate at 3.75% in a 6-3 vote split following the July monetary policy meeting and responds to questions from the press.
US Dollar: Hawkish hold tempers USD strength – ING
ING's Knightley and Turner highlight that a neutral‑hawkish Fed hold has slightly weakened the Dollar, reversing positioning that had shifted toward a rate hike.
Bailey speech: Ready to adjust our stance as evidence evolves
Bank of England (BoE) Governor Andrew Bailey explains the decision to maintain the bank rate at 3.75% in a 6-3 vote split following the July monetary policy meeting and responds to questions from the press.
Germany annual CPI inflation climbs to 2.8% in July vs. 2.7% expected
Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), climbed to 2.8% in July's flash estimate from 2.3% in June. This print came in above the market expectation of 2.7%. On a monthly basis, the CPI rose 0.8%, following the 0.3% decrease recorded in June.
Germany Harmonized Index of Consumer Prices (MoM) above expectations (0.8%) in July: Actual (0.9%)
Germany Harmonized Index of Consumer Prices (MoM) above expectations (0.8%) in July: Actual (0.9%)
Germany Harmonized Index of Consumer Prices (YoY) meets forecasts (2.8%) in July
Germany Harmonized Index of Consumer Prices (YoY) meets forecasts (2.8%) in July
Brazil Unemployment Rate meets expectations (5.4%) in June
Brazil Unemployment Rate meets expectations (5.4%) in June
Gold: Central bank demand seen easing after Q2 rebound – BNY
BNY’s Geoff Yu notes World Gold Council (WGC) data showing a sharp rebound in central bank Gold purchases to a record 289 tons in Q2, led by Poland and China, after a very weak Q1.
United States Dollar Index turns upside down on Fed rate hike doubts
The US Dollar gives back its opening gains and flips on its head during the European trading session on Thursday.
United States: Growth and inflation data set to soften – TD Securities
TD Securities expects United States (US) Gross Domestic Product (GDP) to slow to 1.0% q/q annualized in Q2, well below the 2.0% consensus, even as underlying growth is supported by a recovering US consumer and AI-related investment, with net exports and inventories dragging.
Euro: Strong GDP supports September ECB hike – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports EUR/USD is consolidating after a rally driven by stronger-than-expected Eurozone Q2 GDP at 0.4% quarter-on-quarter.