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The non-farm employment change published at 209K. This was lower than the 224K expected and lower than the last print at 306K. These are signs of cooling down, but the job market remains overall strong. The Fed minutes were released last Wednesday but did not give us any new information and a 25-bps hike is still likely at the Fed’s next meeting. This week UK jobs data showed high average…
Ahead of today’s highly anticipated NFPs, Thursday’s ADP report showed a big jump in private payrolls, which sent Wall Street lower and bond yields higher, as it increased chances for two hikes by the Fed
Watch today’s US Open for insights on Meta’s Twitter-rival platform, the Fed minutes that sustained expectation for a hike later in the month and more
Yesterday’s published FOMC minutes reveal that most Federal Reserve officials, during their meeting in June, expressed a likelihood of implementing additional tightening of monetary policy. However, these are anticipated to be at a more moderate pace compared to the previous rapid series of rate increases that have been a feature of monetary policy since 2022.
Watch today’s US Open for insights on the new rate pause by the Reserve Bank of Australia, the latest Sino-Western disputes, key upcoming releases and more
The Australian central bank decided to hold rates at 4.1% following two consecutive hikes, after latest monthly data showed a moderation in inflation, but kept further monetary tightening in play
At the ECB’s symposium in Sintra, Portugal, Fed Chair Powell was hawkish, looking to align markets with the latest dot-plot projection of another two interest rate hikes for this year. US final GDP printed significantly higher than preliminary indications. Headline PCE declined but the core number was sticky. This week, the US celebrates its Independence Day holiday, with the first two days having light liquidity. Wednesday sees the FOMC minutes…
The Federal Reserve’s preferred inflation gauge, the PCE shows contrasting trends between its headline number and the core print, which excludes volatile items such as food and energy.
Watch today’s US Open for insights on the hawkish comments by Fed Chair Powell, Australia’s inflation deceleration ahead of next week’s RBA meting and more
Watch today’s US Open for insights on the verbal Yen support by Japanese officials, which contains USD/JPY, hawkish commentary by ECB policymakers that send EUR/USD higher and more
Last week, Fed Chair Powell testified on Capitol Hill with a hawkish testimony, but it was the UK inflation print and BoE’s 50bps hike that got the markets attention. This week is the ECB Sintra Forum with Wednesday scheduling a key panel discussion. Inflation prints out of the US, Canda, Australia, and Eurozone will be keenly followed with final GDP numbers out of the US and UK towards the end…
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