USD Reaches Long-Term Highs Against Yen and European Currencies; Bank of Japan Threatens Intervention, But No Action; Stock Markets Lower, Chinese and Korean Indices Reach Long-Term Lows
Federal Reserve Chair Jerome Powell sounded cautiously optimistic at the meeting, saying the Fed would “proceed carefully” but that it was close to “where we need to get”.
Fed Signals Another 25bps Hike in 2023, Fewer Rate Cuts in 2024; US Treasury 2-Year Yield Hits 15-Year High; Stocks Tumble, USD Strengthens; USD/JPY & Other Majors Hit Dollar Highs
Fed Widely Expected to Leave Rate at 5.50%; US Treasury Yields Hit 15-Year Highs; Canadian Inflation A Little Higher; UK Inflation Data Awaits
Markets Await Canadian CPI Data; WTI Crude Oil Hits New 10-Month High Price; RBA Minutes Hold No Surprises, AUD Doesn’t React
US Federal Reserve and Bank of Japan Expected to Leave Rates Unchanged; Markets Will be Focused on Statement Language, Especially for BoJ; WTI Crude Oil, USD/JPY Reach New 10-Month Highs; Stock Markets Lower as US Dollar Slightly
The August US inflation report was a mix, as headline inflation climbed higher than expected while core inflation dropped. The data is unlikely to change the high probability of a Federal Reserve pause next week.
ECB Expected to Hold, But Change of 25bps Hike; US CPI Mostly Meets Expectations; WTI Crude Oil Hits 10-Month High Above $89; Stock Markets Mostly Higher as US Dollar Weakens
Markets Focus on US CPI Release Due Later; WTI Crude Oil Hits 10-Month High Above $89; Stock Markets Mostly Lower
BoJ Governor Ueda Hinted at Future Rate Hike, Yen Strengthened; Crude Oil Remains Strong
BoJ Governor Ueda Hints at Future Rate Hike, Yen Strengthens; Crude Oil Remains Strong
The Bank of Canada (BoC) held rates on Wednesday, following two straight quarter-point rate hikes.
BoC Warns Inflationary Pressure Remains High; Yen Continues to Weaken; Crude Oil Remains Strong on Saudi/Russia Supply Curbs
USD/JPY Reaches ¥148.75 Before Kanda Warning; Bank of Canada Expected to Hold Rate; Crude Oil Remains Strong on Saudi/Russia Supply Curbs
RBA Sees Higher Rate Working, Aussie Weakens; Crude Oil Remains Strong; Global Stocks Lower