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US PPI comes in softer than expected, confirms easing inflation pressure
Producer inflation in the United States (US) cooled more than expected in July, adding to evidence that inflationary pressure is gradually easing after Wednesday's Consumer Price Index (CPI) data.
Bank of Canada: Gradual tightening path into 2027 – NBC
National Bank of Canada's (NBC) Taylor Schleich and Ethan Currie reaffirm their Bank of Canada (BoC) rate call, arguing that despite stronger Canadian labour data and robust Q2 GDP, accumulated slack and data lags should delay tightening.
US Initial Jobless Claims increased to 209K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance rose to 209K for the week ending August 8.
WTI Oil Price Forecast: Momentum turns flat as Bollinger Bands expand
West Texas Intermediate (WTI) Oil trades modestly lower on Thursday as traders weigh weaker demand forecasts from OPEC and the International Energy Agency (IEA) against supply disruptions in the Middle East. At the time of writing, WTI trades around $80.50 per barrel, down 1.35% on the day.
United States Continuing Jobless Claims below forecasts (1.8M) in July 31: Actual (1.777M)
United States Continuing Jobless Claims below forecasts (1.8M) in July 31: Actual (1.777M)
United States Producer Price Index (YoY) below expectations (4.9%) in July: Actual (4.7%)
United States Producer Price Index (YoY) below expectations (4.9%) in July: Actual (4.7%)
United States Producer Price Index ex Food & Energy (MoM) came in at 0.2%, below expectations (0.3%) in July
United States Producer Price Index ex Food & Energy (MoM) came in at 0.2%, below expectations (0.3%) in July
United States Producer Price Index ex Food & Energy (YoY) in line with forecasts (4.2%) in July
United States Producer Price Index ex Food & Energy (YoY) in line with forecasts (4.2%) in July
United States Producer Price Index (MoM) registered at 0%, below expectations (0.2%) in July
United States Producer Price Index (MoM) registered at 0%, below expectations (0.2%) in July
United States Initial Jobless Claims 4-week average increased to 199K in August 7 from previous 198.75K
United States Initial Jobless Claims 4-week average increased to 199K in August 7 from previous 198.75K
United States Initial Jobless Claims registered at 209K above expectations (202K) in August 7
United States Initial Jobless Claims registered at 209K above expectations (202K) in August 7
Euro steadies against Japanese Yen as ECB rate hike expectations strengthen
EUR/JPY trades around 183.80 on Thursday at the time of writing, little changed on the day.
Indian Rupee: Benign inflation reinforces RBI pause – DBS
DBS Group Research economist Radhika Rao analyzes India’s July inflation data and its implications for the Reserve Bank of India. She notes that benign core inflation and limited spillovers from external shocks support a continued RBI policy pause.