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The Federal Reserve delivered another historic 75 basis points rate increase and upgraded its forecast, seeing rates as high as 4.4% by the end of the year
Germany’s Producer Price Index surged to the highest levels ever in August as today’s data showed, following recent elevated Consumer prices, in the aftermath of the ECBs aggressive rate hike
Last week's CPI numbers showed resilient inflation. This surprised markets and introduced 100bps as an option for the Fed. Join FXCM Market Specialists Russ and Nik as they discuss this, the new terminal rate, and the chances of the Fed overshooting. The two specialists also examine the yield inversion and discuss the BoJ's monetary policy. Please join us for these and more.
XAU/USD draws to the end of a bad week and breaks below key technical support, as expectations of another big rate hike by the US central bank work in the greenback’s favor
The US 02-yr Treasury note jumped today, trading at levels last seen in November 2007. It's trading near 3.85%, reflecting market expectations of at least a 75bps hike next week. Some participants have discussed a 100bps increase, reflecting as a 26% probability presently.
Core CPI accelerated in August as yesterday’s report showed, just a week ahead of the Fed’s upcoming policy meeting, which may put pressure for an even larger move on interest rates
The German index covers earlier losses but cannot benefit from better than expected GDP figures from Eurozone, as markets brace for Thursday’s interest rate decision by the European Central Bank
The US economy created 315K jobs in August. This number was better than the forecast of 295K but less than last month's print of 526K. The unemployment rate increased from 3.5% to 3.7%. Moreover, the participation rate increased by 30 bps to 62.4%. Average hourly earnings rose slower: 03% vs last month's 0.5%. Thus there is evidence of some moderation in the labour market. This is ever so slight, but…
Fed chair delivers on hawkish expectation at Jackson Hole.
UK inflation prints at levels not seen since the 1980s
Whilst headline CPI shows signs of moderating, there may still be sticky elements that need watching.
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