PCE Data to Gauge Impact on Markets and Trump's Midterm Prospects
Today's PCE data will test stocks, crypto, and Trump's political standing as voters focus on prices ahead of midterms.
Today's PCE data will test stocks, crypto, and Trump's political standing as voters focus on prices ahead of midterms.
Central bank speeches move markets by altering expectations, as Williams' remarks cut October hike odds to 50%.
The dollar heads for its best month since June on hawkish Fed signals, while bitcoin has risen 6.14% in September.
USD/JPY declined to around 156.4 on Wednesday, driven by yen repatriation flows and Fed comments, with other yen crosses also lower.
JPMorgan CEO Jamie Dimon argues the dollar's reserve currency role relies on a strong US economy and urges Washington to complete trade deals with allies.
Fed's Williams sees no urgency for an October rate hike, lowering market odds to below 50% from 70% last week.
Federal Reserve officials turned hawkish on Tuesday, but Williams said there is no urgency for another hike after September's increase.
Chicago Fed President Goolsbee warns the Fed's 5.5 years above inflation target is risky, calling for a supply-shock policy rethink.
New York Fed's John Williams said one more hike is likely this year and sees 'no need for urgency' after September.
St. Louis Fed's Musalem argues for clear framework, warns against 'hall of mirrors' forecasts.
Fed Governor Barr expects GDP growth to pick up in the second half, sees increased inflation risks and a solid labor market, and calls for further policy…
US 30-year yields hit a 22-year high of 5.61%. The rise, driven by inflation, AI capex, and fiscal deficits, darkens market sentiment and investment outlook.
US job openings in August totaled 7.079 million, below the 7.225 million estimate, indicating softer labor demand.
André Dragosch argues Bitcoin's fair value is $197,000 and warns of dangerous Treasury yield moves.
European stocks opened mostly higher but gains were modest as rising bond yields and oil prices kept pressure on risk sentiment.