Japan's August CPI due as BoJ rate hike looks all but certain
Japan's August CPI data is due as the BoJ is widely expected to raise rates to 1.25%, with swaps pricing a near-certain hike.
Bailey says rate decisions grow harder the longer the Iran conflict lasts; inflation risks still subdued; four hikes not discussed.
Little insight to glean so far — classic Bailey.
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Japan's August CPI data is due as the BoJ is widely expected to raise rates to 1.25%, with swaps pricing a near-certain hike.
Gold rose $81, S&P 500 gained 1.1%, and the dollar lagged as Treasury yields dropped, with mixed economic data.
Asia's Friday calendar features Japan's August CPI and a BoJ rate decision, plus RBA Governor Bullock speaking. A hike is widely expected.
An analysis examines five factors that may keep inflation elevated: the Iran war, AI spending, consumer resilience, immigration, and government spending.