Bessent said the Fed should not hike into a supply shock, citing restrained inflation and AI productivity boom. His remarks followed Warsh's Jackson Hole…
China's private manufacturing PMI is due today, following official PMI data from the previous day.
Bitcoin's 26% August gain may be over, Fed Chair Warsh warned, as the era of easy money ends and interest rates rise.
European shares closed mixed as oil prices surged and yields rose. UK FTSE 100 and Italy FTSE MIB gained.
Japan's two-year bond yield reached a 31-year peak, making the yen carry trade costlier. Bitcoin trades at $79,087.
Bessent says oil prices will drop, US 10-year yield is at Trump-era levels, and the Fed typically avoids rate hikes during supply shocks.
U.S. stocks opened lower on Monday, with the S&P 500 and Nasdaq falling below their 100-hour moving averages as yields and oil prices rose.
Treasury Secretary Bessent told the G20 that Iran is taking sanctions seriously, lashing out as its economy weakens, and that economic growth is the only way…
Bitcoin and gold fell in tandem after Fed Chair Warsh's hawkish Jackson Hole speech raised rate-hike odds, weakening the debasement trade.
USDCAD fell after failing to break above the 100-day moving average, remaining between key technical levels.
Germany's preliminary August CPI rose 2.9% y/y, below 3.0% forecast; HICP also missed at 2.9% vs 3.1% expected.
Oil holds gains after US-Iran strikes; European yields climb; dollar soft; German state inflation beats expectations.
US dollar strengthens after Warsh's hawkish speech; NZD/USD pulls back. RBNZ expected to hike to 2.75%. Markets eye upcoming data and RBNZ decision.
Gold fell sharply after Fed Chair Warsh's hawkish Jackson Hole speech, erasing most gains from the US Treasury announcement.
August CPI in key German states rose, pointing to a national print near 2.9-3.0%, reinforcing ECB rate hike expectations.