Category Finance

The greenback fell sharply in trading yesterday, not helped by some softer data out of the US. In case you missed it: Richmond Fed Composite index for September -21 vs. -13 estimateUS Conference Board consumer confidence for September 98.7 vs 104.0 estimate These aren’t major releases but little…

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1600 US Eastern time / 2000 GMT: Federal Reserve Board Governor Adriana Kugler speaks on the economic outlook before an event hosted by Harvard Kennedy School We don’t hear from Kugler very often. I don’t imagine she’ll be dropping hints about a 50bp rate cut in November in…

Federal Reserve speakers on Wednesday include Governor KuglerBank of England Monetary Policy Committee member Greene speaks on WednesdayChina – top government economic adviser disappears after crticism of Xi JinpingWall Street Journal Fed watcher Timiraos on sign of a weaker jobs marketFed SOMA Manager says markets see 50bp rate…

Australian Treasurer Jim Chalmers: “We’ve seen a weakness in the Chinese economy which obviously has consequences for usWe’re not immune from weakness in the Chinese economy and that’s why it is so important that over the next two days, I will be meeting with key Chinese counterparts in…

This via Wall Street Journal journalist and noted Fed watcher Nick Timiraos: If this is a sign of a deteriorating jobs market (its probably not a sign of a strengthening one!) It’ll file further pricing of 50bp rate cuts to come from the Federal Reserve. This article was…

Zhu Hengpeng was deputy director of the Institute of Economics at the state-run Chinese Academy of Social Sciences ()CASS). CASS is China’s pre-eminent thinktanks. He lost his job and was detained after he allegedly made some remarks in a private group chat on the WeChat mobile-messaging app that…

0400 US Eastern time / 0800 GMT: Bank of England Monetary Policy Committee member Megan Greene gives aspeech on consumption hosted by the Chambers of Commerce, Newcastle Probably not of much relevance to traders, but at 0815 US Eastern time/ 1215 GMT: Bank of England Executive Director for…

Earlier, a People’s Bank of China rate cut: PBOC 1-year Medium-term Lending Facility (MLF), rate cut to 2% (2.3% previously) *** The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus…

Australian August CPI 2.7% y/y, lower than expected and under the top end of the Reserve Bank of Australia 2 – 3% target band. Good news. expected 2.8%, prior 3.5%2.7% y/y is the lowest since August of 2021the m/m came in at negative 0.2% Trimmed mean 3.4% y/y…