Ueda: inflation close to 2%, keeping December BOJ hike on the table
BOJ Governor Ueda said underlying inflation is nearing 2%, with markets pricing about 64% odds of a December hike.
BOJ Governor Ueda said underlying inflation is nearing 2%, with markets pricing about 64% odds of a December hike.
The BOJ may signal in October that underlying inflation has roughly reached 2%, giving markets more reason to expect a December rate hike.
Treasurer Jim Chalmers warned that rising global bond yields will increase Australia's budget costs as cheap debt matures.
Australian consumer sentiment fell sharply after the RBA's latest rate hike, with Westpac predicting another increase in November.
After a sharp widening in euro zone sovereign spreads, Deutsche Bank warns of a disconnect between bond and equity markets.
The ISM services PMI slipped to 54.9 in September from 55.4, below the 55.2 estimate, as price pressures intensified and employment returned to expansion.
US services PMI hit 58.8 in September, highest since July 2021, with strong hiring and rising inflation pressures.
A clear breakdown of the 'higher for longer' rate outlook and its impact on markets.
Sentix investor confidence for the euro zone fell to 2.7 in October from 5.1, missing forecasts, as expectations dropped 5 points.
The UK services PMI was revised up to 52.1 in September, with input cost inflation at its highest since June.
ECB's Nagel signals patience on October but leaves door open for a December rate hike.
Eurozone private sector activity hit a 41-month high in September while price pressures intensified further.
Preview of key economic data and central bank events for the week of October 5th-9th.
BOJ Deputy Governor Uchida said AI has been a positive demand shock, raising prices, but warned of a correction risk if profits fail to keep pace.
Australia's services PMI eased to 51.9 in September, with employment falling and price pressures accelerating, posing a dilemma for the RBA.