UK inflation rises above 3% in August, core rate steady
UK headline CPI rose to 3.1% in August, while core inflation held steady at 2.6%, in line with forecasts.
Inflation, employment, growth data and central bank decisions, and how they reprice risk across markets.
UK headline CPI rose to 3.1% in August, while core inflation held steady at 2.6%, in line with forecasts.
Ten-year bond yields in the US, UK, Japan, Germany and France hit multi-decade highs as oil above $100 fuels inflation fears.
Tom Lee predicts a Fed rate hike but says it could spark a stock rally, not derail one.
Fed faces overwhelming market pressure to hike rates as inflation persists and yields surge, with a hold seen as riskier.
Raoul Pal says Bitcoin outperforms gold as a hedge against currency debasement, citing its earlier adoption stage and higher growth potential.
US poverty fell to 10.2% in 2025 and median income hit a record $87,460, though inflation has since accelerated.
UK August CPI data due today, with headline seen rising to 3.1%. Core and services inflation in focus ahead of BOE decision.
Asia-Pacific markets: Oil steady near highs, Japan data misses, crypto falls on US Senate vote.
The Fed and BOJ are poised for possible same-week rate hikes, with 89% of economists expecting a BOJ boost to 1.25%, its highest in 30 years.
White House adviser Christopher Phelan says a Fed rate hike today would be a mistake, citing cooling inflation over the past three months.
PBOC Governor Pan Gongsheng's Qiushi article signals a shift to price-based tools from loan targets, aiming to stabilise debt.
Mark Zuckerberg argues that competition and user demand already push AI labs to prioritize safety, pushing back against calls for new regulation.
Westpac leading index improved to -0.09% in August, still below trend. RBA expected to hold in September but hike later.
Asian stocks opened mixed Wednesday as traders awaited the Fed decision. Nikkei flat, Kospi lower.
UBS's daily note identifies three lasting themes: growth matters more than rate hikes, AI demand rises despite calls for regulation, and earnings drive markets.