Market News

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

Market Takes View That US Terminal Rate is Reached; Crude Oil Remains Strong; Australian Dollar Major Gainer; Public Holidays in US and Canada

The Preliminary (“second”) estimate of United States GDP for the second quarter of 2023 has revealed that the economy expanded at an annualized rate of 2.1%.

The markets are digesting the August PMI reports on Thursday, with releases from France, Germany, the eurozone, the UK and the United States.