Sterling has taken a significant hit after UK inflation data for September showed sharper-than-expected decline, falling below BoE’s 2% target again, and hit the lowest level in over three years. Core CPI also fell more Read more…
UK CPI slowed more than expected from 2.2% yoy to 1.7% yoy in September, below expectation of 1.9% yoy. Core CPI (excluding energy, food, alcohol and tobacco) slowed from 3.6% yoy to 3.2% yoy, below Read more…
In a speech today, BoJ Board Member Seiji Adachi suggested that Japan’s economy has met the conditions for beginning to normalize its ultra-loose monetary policy. He pointed to the firm economic outlook and broadening price Read more…
New Zealand’s CPI rose 0.6% qoq in Q3, slightly below market expectations of 0.7% qoq. Annually, inflation slowed sharply from 3.3% yoy to 2.2% yoy, in line with forecasts. This marks the first time since Read more…
Australia’s Westpac Leading Index showed a slight improvement, rising from -0.26% to -0.15% in September. However, the index remains in negative territory, indicating “below-trend momentum” that is expected to carry into 2025. Westpac maintains that Read more…
Key Highlights WTI Crude Oil price started a fresh decline from the $78.80 resistance. A connecting bearish trend line is forming with resistance at $72.80 on the 4-hour chart. Gold could aim for more gains Read more…
RBA Assistant Governor Sarah Hunter emphasized today the importance of China’s economic stimulus measures for Australia, noting that the central bank is actively assessing their local implications. In a Bloomberg interview, Hunter explained, “We are Read more…
In a moderated discussion, Atlanta Fed President Raphael Bostic addressed the key question on investors’ minds: “how fast” will the Fed proceed with further rate cuts? According to Bostic, Fed’s median projection suggests an additional Read more…
San Francisco Fed President Mary Daly signaled in a speech overnight that additional rate cuts are in the pipeline for this year, suggesting that “one or two” further reductions would be a “reasonable thing to Read more…
Summary Today’s release of Canada’s September CPI offers a decisive data point, in our view, that should see the Bank of Canada (BoC) step up the pace of monetary easing next week. In addition to Read more…