Phelan: Rate Hike Today Would Be a Mistake for the Fed
White House adviser Christopher Phelan says a Fed rate hike today would be a mistake, citing cooling inflation over the past three months.
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.
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.
Japan's July machinery orders fell 3.7% m/m, missing forecasts, while August trade deficit widened to 1105.6B yen, complicating BoJ policy.
Strive CEO Matt Cole forecasts roughly 50% annual Bitcoin returns into 2030, citing macro trends in the dollar and Treasury rates.
US stocks closed lower Monday as the 10-year yield topped 5% and crude oil jumped 4.4%, ahead of the Fed's rate decision.
Oil's 11-day rally pushes yields higher and stocks lower ahead of a likely Fed rate hike.
RBC's tracker shows spending growth broadened in August, with core sales up 1.1% m/m, while NielsenIQ data points to a deceleration.
The US 20-year bond auction tailed by 2 bps, with a bid-to-cover below the average.
Global government bond yields have surged to multi-year highs as inflation and borrowing concerns drive a broad selloff across developed markets.
Robert Kiyosaki says the biggest stock and bond crash has begun, tying it to predictions from his 2002 book.
Markets see 91% chance of Fed rate hike on Wednesday, but attention turns to signals for further tightening.
Euro area households hold nearly €10 trillion in cash and deposits, with 80% owning no stocks, ECB blog finds.