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Fed’s Schmid warns energy shock is leaking into the economy
Kansas City Fed President Jeffrey Schmid warned on Thursday that inflation remains stubborn and that the energy shock is spreading into the broader economy. With the next meeting approaching, he said the Fed needs more information but remains committed to returning inflation to 2%.
Euro trims intraday losses as traders weigh Fed-ECB interest rate outlooks
EUR/USD holds firm on Thursday after coming under pressure on the previous day as the latest US inflation figures helped the US Dollar (USD) regain some lost ground.
Swedish Krona: Inflation risks may prompt tougher Riksbank stance - BNY
BNY’s Geoff Yu says rising Swedish import prices and continued weakness in the krona are adding to inflation risks. He expects the Riksbank to adopt firmer language on SEK valuations and sees scope for the market to bring forward expectations for the next rate hike.
Russia Central Bank Reserves $ increased to $761.2B from previous $755.6B
Russia Central Bank Reserves $ increased to $761.2B from previous $755.6B
Euro: Choppy range trading outlook – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses EUR/USD dynamics around divergent inflation and policy outlooks in the US and Eurozone.
US Initial Jobless Claims dropped to 203K last week
According to a report from the US Department of Labor (DOL) released Thursday, the number of US citizens submitting new applications for unemployment insurance fell to 203K for the week ending August 22.
United States Goods Trade Balance came in at $-118.8B below forecasts ($-99B) in July
United States Goods Trade Balance came in at $-118.8B below forecasts ($-99B) in July
United States Wholesale Inventories came in at 1.3%, above forecasts (0.1%) in July
United States Wholesale Inventories came in at 1.3%, above forecasts (0.1%) in July
Canada Current Account came in at 8.84B, above forecasts (-2B) in 2Q
Canada Current Account came in at 8.84B, above forecasts (-2B) in 2Q
United States Goods Trade Balance came in at $118.8B, above forecasts ($-99B) in July
United States Goods Trade Balance came in at $118.8B, above forecasts ($-99B) in July
United States Continuing Jobless Claims below forecasts (1.79M) in August 14: Actual (1.778M)
United States Continuing Jobless Claims below forecasts (1.79M) in August 14: Actual (1.778M)
United States Initial Jobless Claims came in at 203K, below expectations (208K) in August 21
United States Initial Jobless Claims came in at 203K, below expectations (208K) in August 21
United States Initial Jobless Claims 4-week average: 205.5K (August 21) vs 204K
United States Initial Jobless Claims 4-week average: 205.5K (August 21) vs 204K