Kashkari said inflation remains too high at about 3% and laid out one more rate hike this year with a second in 2027, calling the economy resilient.
UBS argues that hedge funds have historically performed well in high-rate environments and highlights three strategies: equity market neutral, discretionary…
Franklin Templeton's Zahn backs German and Spanish bonds, sees European growth slowing and UK Budget headroom as the key risk.
Schnabel noted that high costs pass through more quickly in a resilient economy, but the ECB can be patient if inflation expectations remain anchored.
The Atlanta Fed's GDPNow model cut its Q3 US growth estimate to 3.7% from 5.0%, citing a wider August goods trade deficit and softer consumer spending.
Spain, France and Poland posted higher inflation in September, with energy costs driven by the Iran war pushing prices above forecasts.
US core PCE inflation slowed to 3.0% year-over-year in July, below the 3.3% expected, easing pressure on the Fed.
Germany's preliminary September CPI rose to 3.3% year on year, above the 3.1% forecast and up from 2.9%; core inflation held at 2.4%.
Today's PCE data will test stocks, crypto, and Trump's political standing as voters focus on prices ahead of midterms.
All four German state CPI readings accelerated in September, raising the likelihood that national inflation will again exceed 3%.
Central bank speeches move markets by altering expectations, as Williams' remarks cut October hike odds to 50%.
France's September HICP increased to 3.4% y/y, exceeding expectations, and CPI rose 3.0%, adding to euro area inflation worries.
French CPI rose to 3.0% y/y in September, above expectations of 2.8%, while HICP came in at 3.4%, also above forecast.
German import prices rose 1.0% month-on-month in August, pushing the annual rate to 8.3%, the highest since December 2022.
Germany's retail sales rose 1.3% in August from July, missing the 1.5% forecast, after a steep 3.4% monthly drop.