Hauser flags 'three-headed monster' inflation risk as RBA weighs another hike this month
RBA Deputy Governor Andrew Hauser said the bank may raise rates again this month, citing three inflation risks; Sarah Hunter echoed the warning.
Inflation, employment, growth data and central bank decisions, and how they reprice risk across markets.
RBA Deputy Governor Andrew Hauser said the bank may raise rates again this month, citing three inflation risks; Sarah Hunter echoed the warning.
Factory confidence in Japan hit near five-year high in September Reuters Tankan, driven by chip demand; manufacturers index reached +21.
China's August CPI expected to rebound to 0.9% y/y on food prices, while PPI firms to 3.2%. Trade data shows exports beat but imports miss, surplus widens.
China is set to release inflation figures on Wednesday, following a busy day of China-related news on Tuesday.
The U.S. Treasury auctioned $58 billion of 3 or notes at a high yield of 4.474%, with bid-to-cover of 2.72X above average.
NY Fed survey finds stable inflation expectations but highest fear of rising unemployment since April 2020.
US government bonds suffered their worst 10-year returns in over two centuries, losing roughly 2% a year. Bitcoin faces pressure as yields rise.
The US employment trends index improved to 108.53 in August, up from 107.71, as components showed positive average contributions.
BoE officials express concern over energy price rises and external risks with weak domestic economy.
Bond yields rise with 10-year Treasury at 4.80%, stocks fall, and gold faces headwinds as markets await CPI and central bank decisions.
The yen strengthened to a seven-month high, extending USD/JPY's slide as traders await US CPI and BoJ guidance.
France's trade deficit widened to €6.67 billion in July as imports rose faster than exports.
Germany's trade surplus rose to €21.3 billion in July, beating forecasts, as imports fell 5.7% month-on-month.
UBS recommends equities, bonds, and gold as Fed rate hike odds rise to 60%.
RBA's Hunter says below-trend growth is intended, housing market cools deliberately without recession risk.