NEWSFEED HIGHLIGHTS
- BoJ Conducts Rate Check As Yen Surges
- Trump: ‘We’ll See’ On Whether To ‘Annihilate’ Iran
- Traffic In Bab el-Mandeb Strait Lagging Well Behind Prewar Numbers
- Fed’s Schmid Backed Rate Hike, Says Inflation Goes Beyond Energy
- Trump’s AI Whisperer David Sacks To Attend State Dinner With Xi
- JPMorgan CEO Attending Trump’s State Dinner For China’s Xi
- US Weighs Allowing Most Pharma Licensing Deals With China
- EU Weighs Windfall Taxes On Energy Firms Amid Growing Economic Strain
- Joachim Nagel As Good As Out Of The Race To Succeed ECB’s Lagarde
- VW Cuts Profit Outlook After China Sales Slump, Costs Rise
- Auto Groups Warn Trump Against Chinese Car Plants On US Soil
- Anthropic Aiming To Amass 5GW Of Compute Power By Year End
- Amazon In EU Crosshairs Over Suspected Price Curbs On Sellers
- FDA Approves Lilly’s Inluriyo-Verzenio Combo For Breast Cancer
- Rotary Gas Rigs: 134 (prev 132)
- Rotary Oil Rigs: 452 (prev 450)
- Manufacturing (SIC) Production: -0.3% (est 0.3%; prev 0.2%)
- Capacity Utilization: 76.3% (est 76.4%; prev 76.3%)
FEATURED STORIES
Despite an external energy shock continuing to lift the headline inflation rate, the absence of second-round effects is expected to keep Bank of England policymakers sitting on their collective hands.
The latest polls continue to forecast that the BoE’s Monetary Policy Committee will vote 6–3 in favour of keeping the Bank Rate unchanged at 3.75% when it announces its decision at midday London time on Thursday. Huw Pill, Megan Greene and Catherine Mann are again...
LONDON - Ahead of this week’s Bank of England rate decision, policymakers have received the latest inflation and labour market data, and it doesn’t make for easy reading.
On Wednesday, the Office for National Statistics reported that the UK’s headline annual CPI rate increased to 3.1% in August from 2.9% the previous month, matching expectations. On the month, prices rose 0.5%, two-tenths of a percentage point faster...
A week ago, the Federal Reserve’s September interest-rate announcement was expected to be a relatively straightforward affair, with most analysts and market pricing pointing to no change.
However, last week’s inflation data turned those expectations on their head. The Fed’s rate-setting committee is now expected to tighten policy, lifting the federal funds target range by 25 basis points to 3.75–4.00%.
“We think it’s a closer...
US Inflation Report Set To Test Case For September Fed Hike
August’s consumer price report will provide the final major inflation reading before next week’s Federal Reserve interest rate decision, potentially tipping the balance between another hold and a September hike.
Data from the Bureau of Labor Statistics is expected to show headline consumer prices rose 0.4% month on month in August, up from 0.1% in July.
As expected, the European Central Bank raised borrowing costs for the second time this year, citing price pressures stemming from the Middle East conflict and reinforcing its more hawkish stance.
In what President Christine Lagarde described as a “No brainer”, the central bank’s Governing Council voted unanimously to raise its three key interest rates by 25 basis points each, taking the deposit...
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