Barclays had previously only penciled in just one rate cut for December while BNP Paribas was not expecting the Fed to cut rates at all this year before this. It’s clear that Fed chair Powell’s speech on Friday is being treated as a pivot of sorts. But now, all eyes will be on the US […]
Powell’s unexpected shift at Jackson Hole United States (US) stock markets surged on Friday following Federal Reserve (Fed) Chair Jerome Powell’s dovish pivot during his Jackson Hole symposium speech, potentially paving the way for a interest rate cut at the September Federal Open Market Committee (FOMC) meeting. This shift arrived just days after the release
USD/CAD remains under pressure as Fed’s Powell signals that he is open to monetary policy adjustments. Fed Powell’s dovish interest rate guidance has battered the US Dollar. Investors await US Durable Goods, PCE inflation, and Canada’s GDP data. The USD/CAD pair struggles for a firm-footing during the Asian session on Monday after sliding almost 0.8%
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Goldman Sachs chief economist Jan Hatzius highlighted Fed Chair Jerome Powell’s cautious tone, noting Powell described the labor market as being in “a curious kind of balance” where both supply and demand for workers have slowed in tandem. Powell warned that the downside risks to employment are rising, with the potential for those risks to
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The total volume of retail sales in New Zealand was up a seasonally adjusted 0.5 percent on quarter in the second quarter of 2025, Statistics New Zealand said on Monday – coming in at NZ$25 billion. That beat forecasts for an increase of 0.1 percent following the 0.8 percent gain in the three months prior.
Germany’s Bundesbank President (and European Central Bank Governing Council member) Nagel said the ECB faces a “high bar” for another rate cut, with inflation at target and policy already eased. He expects rates to stay on hold in September, downplaying German weakness while stressing the importance of central bank independence. – Bundesbank President Joachim Nagel
Mon: PBoC MLF, UK Summer Bank Holiday, German Ifo (Aug), US National Activity (Jul) Tue: RBA Minutes, Riksbank Minutes, NBH Announcement, US CaseShiller (Jun) Wed: Australian CPI (Jul), Swiss Investor Sentiment (Aug) Thu: ECB Minutes, Swiss GDP (Q2), EZ Sentiment Survey (Aug), US GDP 2nd Estimate (Q2), US PCE (Q2) Fri: Japanese Tokyo CPI (Aug),
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Gold prices rallied sharply after Powell’s dovish tone highlighted employment risks despite persistent upside risks to inflation. Traders priced in a 90% probability of a 25 basis-point Fed cut, with key data still ahead before September. Next week’s US docket includes Durable Goods, GDP, and the Fed’s preferred inflation gauge, the Core PCE Price Index.
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
Fed Chair Jerome Powell delivered his highly anticipated address at the Jackson Hole symposium, offering markets fresh insight into the central bank’s policy stance heading into the September FOMC meeting. His remarks acknowledged a “curious balance” in the labor market, persistent though tariff-driven inflation pressures, and the Fed’s ongoing challenge of balancing its dual mandate.
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The weaker Baker Hughes rig count data for the current week is showing: Oil rigs -1 at 411 Natural gas unchanged at 122 Total Rig count -1 at 538. This article was written by Greg Michalowski at investinglive.com. Source link
