The Fed is in a tricky spot – CIBC
There is an undercurrent in economic circles right now and it basically boils down to: The Fed should cut 50 bps but it will probably cut 25 bps. Rick Rieder…
There is an undercurrent in economic circles right now and it basically boils down to: The Fed should cut 50 bps but it will probably cut 25 bps. Rick Rieder…
Consensus estimate +160K versus +175K prior (range +100K to +246K) July was +114K Private consensus +139K versus +148K prior Unemployment rate consensus estimate 4.2% versus 4.3% prior Prior participation rate…
US President Joe Biden is preparing to block the Nippon Steel acquisition of U.S. Steel, sources tell the Washington Post. Shares of US Steel (X) fell about 6% before being…
The EURUSD rebounded on the back of the yield declines at the start of the US session, but has reversed to the downside after the pair tested the highs from…
ISM manufacturing US markets are closed on Monday for Labor Day but will come to life on Tuesday including some notable economic data. The highlight is the 10 am ET…
Mon: US & Canada (Labor Day), EZ & UK Final Manufacturing PMIs (Aug), Chinese Caixin Manufacturing PMI Final (Aug) Tue: Swiss CPI (Aug), Swiss GDP (Q2), Turkish CPI (Aug), US…
August 2024 official Chinese PMIs from the National Bureau of Statistics (NBS): Composite is 50.1 August Manufacturing PMI 49.1 Services 50.3 expected 50.0, prior 50.2 — The Chinese economy has…
Oil is having a rough one today, down 3% after a report said OPEC was planning to proceed with the October production rise. Oil rigs unchanged at 48. Gas rigs…
gold 10 mins There has been a nice turnaround on the intraday gold chart. It fell about $15 follow a round of USD buying on good GDP data but has…
Prior was 4.121% Bid to cover 2.41 vs 2.40 prior The results are a tad worse than expected in the when-issued market but not meaningfully so. There was something of…