Singapore's monetary policy: the three levers of the S$NEER band
Singapore's central bank held its S$NEER policy band steady, a surprise for all 10 Reuters-polled analysts who had expected tightening.
Singapore's central bank held its S$NEER policy band steady, a surprise for all 10 Reuters-polled analysts who had expected tightening.
MAS held policy steady, surprising all 10 analysts who had expected tightening. It says inflation will ease over time.
Three Fed officials stress inflation fight continues; Williams sees no 2027 hike, while Barkin and Collins back further rate increase.
Dollar weakened ahead of U.S. CPI, Treasury yields eased, stocks slipped and oil rose on Middle East worries.
China is due to publish September CPI and PPI on Wednesday; August consumer prices rose 0.8% on the year and producer prices climbed 3.8%.
Boston Fed's Collins expects rate rise before end of 2026; cites data centre investment, tariffs, energy costs as risks.
September US CPI expected: headline +0.6% MoM, core +0.2% MoM. Energy costs likely to lift headline, core reading critical.
Williams sees no need for a 2027 rate hike, expects inflation to slow, and says one more hike this year is appropriate. Treasury yields and dollar fell.
The AI boom's demand for data centres could push up electricity prices and feed into US inflation, adding to the Fed's challenges.
European indexes posted modest gains at the open, but traders stayed cautious ahead of upcoming US CPI data and bank earnings.
Germany's final September CPI was 3.3% year-on-year, unchanged from preliminary estimates, with energy prices rising sharply.
BoE's Megan Greene warned that waiting for second-round inflation effects to appear before acting would leave the Bank too late.
The yield spread between the S&P 500 and 10-year Treasuries has turned negative at -1.5%, meaning safer bonds now yield more than stocks.
Asian stocks fell heavily on a tech selloff and oil worries. The Kospi led the drop, losing more than 6% to land below 6,000.
Japan's September wholesale inflation slowed to 6.8% from 7.6%, but import costs surged 24.5%, keeping BOJ rate-hike expectations alive.