TradingKey - The eurozone’s August CPI came in above the European Central Bank’s (ECB) target, and the rebound in inflation — combined with resilient economic data — has not only solidified expectatio
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned on Friday that while sinking employment data is typically a cause for interest rate cuts, still-high inflation data is still cause for concern, and key Fed officials may not be fully sold on a September rate cut.
United States (US) Treasury Secretary Scott Bessent warned that the Federal Reserve (Fed) must re-establish its crediblity and trust with the American people during an interview with the Wall Street Journal, published on Friday.
August non-farm payrolls rose just 22k, well below the 75k consensus; three-month average is now 29k.
The Governing Council kept policy on hold in July, and is likely to remain on hold at the September meeting and for the foreseeable future, ABN AMRO's economists Nick Kounis and Bill Divney report.
TradingKey - Even against already low expectations, U.S. August nonfarm payrolls came in far below forecast, and revised data showed June job growth turned negative, deepening concerns about labor mar
The Unemployment Rate in Canada rose to 7.1% in August from 6.9% in July, Statistics Canada reported on Friday. This reading came in worse than the market expectation of 7%.
At the meeting between Russian President Putin and his Chinese counterpart Xi, both countries agreed on higher gas deliveries in future. On the one hand, deliveries via existing pipelines are to be increased, Commerzbank's commodity analyst Barbara Lambrecht notes.