Barr, Goolsbee hawkish on inflation; Williams says patience warranted after September hike
Federal Reserve officials turned hawkish on Tuesday, but Williams said there is no urgency for another hike after September's increase.
Federal Reserve officials turned hawkish on Tuesday, but Williams said there is no urgency for another hike after September's increase.
Australia's August CPI is due one day after the RBA's 25bp rate rise, with headline inflation forecast at 4.0% and trimmed mean steady at 3.6%.
New York Fed's John Williams said one more hike is likely this year and sees 'no need for urgency' after September.
July US home prices rose more than expected, with the Case-Shiller 20-city index gaining 2.5% annually and FHFA data showing a 2.6% rise.
Euro area economic sentiment fell to 97.9 in September, missing forecasts, while consumer and selling price expectations rose, signaling persistent inflation…
The RBA raised its cash rate to 4.60%, a 15-year high, and signaled further hikes if inflation does not ease.
Spanish inflation accelerated to 4.9% in September, the highest since February 2023, while core price growth picked up to 3.1%.
Spain's preliminary September CPI rose 4.9% y/y, above the 4.6% expected, while HICP increased 5.0%.
RBA's Bullock downplays August CPI as a policy trigger, citing monetary policy lag and stressing the report's limited forward guidance.
Janus Henderson's Michael Contopoulos said the market is nearing its top but cannot specify when. He discussed interest rates and the economy on CNBC.
Australian household spending was flat in August, short of the 0.4% forecast, as the RBA prepared to raise the cash rate to 4.60%.
Annual UK shop price inflation slowed to 1.4% in September, while the BRC warned retailers need business rates support to keep prices down.
Dallas Fed manufacturing index slipped to 9.8 in September from 11.6, though new orders and production rose.
ECB's Lagarde says gradual policy response is appropriate as inflation outlook has risen for 2027-2028.
BoE Deputy Governor Ramsden said persistent high energy prices could justify a rate hike, though he currently sees little second-round effects.