UBS now expects two Fed rate hikes, sees equity outlook intact
UBS expects two Fed rate hikes in 2025 after strong jobs data, maintaining a positive equity outlook driven by economic strength.
UBS expects two Fed rate hikes in 2025 after strong jobs data, maintaining a positive equity outlook driven by economic strength.
Goldman sees gold's pullback as a pause, with dips toward $4,000 an ounce a buying opportunity before the September FOMC.
USD broadly weakened, led by yen surge; USDJPY fell 1.22% to 154.33 on rising BOJ rate hike bets. Oil climbed $1.22 on Middle East tensions.
Strong NFP data raised rate hike expectations, sending the S&P 500 lower. Focus now on US CPI.
EUR/USD consolidates ahead of US CPI. Dollar spiked on NFP but focus remains on inflation. ECB likely to hike 25 bps.
Gold erased earlier gains after a strong US jobs report raised rate hike expectations, with traders now focused on the upcoming CPI data.
Economic calendar for September 7-11 with ECB meeting, U.S. inflation data, and Australian consumer sentiment.
UK permanent hiring increased for the first time since September 2022, while a strong US jobs report raised the odds of a Federal Reserve rate hike.
South Korean stocks and won rallied on AI chip demand, while Japan's Nikkei rose but the calmer markets narrative conflicts with Wall Street's decline.
Goldman Sachs says next week's inflation data, not the strong jobs report, will decide the Fed's September move. It expects a benign CPI to hold rates steady.
Cleveland Fed's Beth Hammack said it is time to act on inflation; investors now price slightly above 60 percent odds of a September rate hike.
Bitcoin slid below $80,000 after a stronger-than-expected US jobs report, with traders seeing roughly 50-60% odds of a Fed rate hike in September.
Cleveland Fed President Beth Hammack says Fed policy is not restrictive enough and argues for rate hikes to control inflation.
S&P 500 edges lower, Nasdaq gains after strong jobs report. Both indices trade above key moving averages, but August highs remain resistance.
Trump demands lower rates, threatening to halt trade with deficit countries.