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United States: Bifurcated revival with advanced sectors ā ING
INGās James Knightley and Coco Zhang argue that US manufacturing is finally reviving after years of stagnation, helped by reshoring narratives, AI-driven investment and defence spending.
United States Kansas Fed Manufacturing Activity up to 20 in September from previous 17
United States Kansas Fed Manufacturing Activity up to 20 in September from previous 17
US Dollar: Fed resilience supports gains ā BBH
Brown Brothers Harrimanās (BBH) Elias Haddad highlights that the Dollar is advancing broadly as a hawkish Federal Reserve stance combines with strong US economic outperformance.
Fed's Paulson warns more hikes possible as inflation fight hardens
Philadelphia Federal Reserve (Fed) President Anna Paulson crossed the wires on Thursday, signaling that further rate hikes may be needed to lower inflation. She acknowledged that the rate hike in September helped to āmove policy to a better inflation-fighting posture.ā
United States EIA Natural Gas Storage Change meets forecasts (53B) in September 18
United States EIA Natural Gas Storage Change meets forecasts (53B) in September 18
Euro hovers near two-month low as hawkish Fed outlook weighs
EUR/USD hovers near a two-month low on Thursday as expectations of another Federal Reserve (Fed) interest-rate hike keep the US Dollar (USD) firmly supported. At the time of writing, the pair trades around 1.1372, remaining on the back foot for a fourth consecutive day.
Australian Dollar remains under pressure despite stronger-than-expected jobs data
AUD/USD trims its losses on Thursday and trades around 0.7030 at the time of writing, down 0.15% on the day.
āYou canāt wait too longā: BoEās Breeden warns on rate hikes amid energy shock
Bank of England (BoE) Deputy Governor Sarah Breeden said on Thursday that it is ānot at all obviousā that there is a path toward lower energy prices, according to Reuters.
Euro: Weak as Fed credibility supports Dollar near term ā Commerzbank
Commerzbankās Thu Lan Nguyen argues that the unanimous Federal Reserve rate hike has temporarily restored its credibility and supported the Dollar, prompting a cut in the EUR/USD year-end forecast to 1.15 from 1.17.
United States New Home Sales (MoM) came in at 0.684M, above expectations (0.62M) in August
United States New Home Sales (MoM) came in at 0.684M, above expectations (0.62M) in August
United States New Home Sales Change (MoM) climbed from previous -10.5% to 6.4% in August
United States New Home Sales Change (MoM) climbed from previous -10.5% to 6.4% in August
Canada: Revised demographics reshape growth view ā RBC
Royal Bank of Canada economist Rachel Battaglia explains that Statistics Canadaās upward revision to population data has erased earlier signs of negative growth and now shows Canadaās population rising 0.5% year-over-year in Q2.
Fedās Hammack warns persistent inflation could make return to target harder
Cleveland Federal Reserve (Fed) President Beth Hammack warned on Thursday that inflation remains elevated in the United States (US), stressing that persistent price pressures could make the Fedās task increasingly difficult.