September U.S. CPI Inflation a Tad Lower Than Forecast; Preliminary October PMI Survey Results Out Too October 24, 2025 Only a discernibly worse U.S. inflation report than anticipated was likely to dampen high expectations of a Federal Reserve interest rate cut next week, and that danger has been averted. Although up 0.1 percentage point to…
Turkish Central Bank Interest Rate Cut to 39.5% October 23, 2025 A one-percentage point reduction of the Central Bank of Turkey‘s 1-week repo rate to 39.5% today is also aligned with market expectations. The rate had been as high as 50% from March 2024 though January of this year. But today’s rate drop was smaller…
Interest Rate Decisions in Korea, Turkey and Ukraine Today Were As Expected October 23, 2025 While a planned meeting between President Trump and Xi next week in South Korea is back on schedule, the get-together between Trump and Putin planned for Budapest remains canceled due to Russia’s intransigence against negotiating an end to the war…
British CPI Inflation Not as High in September as Thought October 22, 2025 Less than 36 hours ago, investors were anticipating key meetings between President Trump and the leaders of Russia and China later this month. Symptomatic of other geopolitical flip-flops, each of those meetings now seems in doubt. This second Trump administration has been…
Guarded Confidence in Financial Community October 21, 2025 Investors are looking ahead with a modicum of hope. Specific events of special interest in the near term are the rare earths trade deal between Australia and the United States, Friday’s delayed release of U.S. September consumer price data, trade talks this week in Malaysia between Treasury…
Spotlight on China October 20, 2025 (169) In contrast to 38 years ago when the DOW plunged 22.6% on October 19, 1987, week four of this October kicked off on a hopeful note following upbeat U.S. official comments about prospects for averting worst-case trade scenarios after October 31 when the current trade truce with China runs…
Next Week’s Menu: October 18 – 24, 2025 October 17, 2025 Central Banks: Interest rate policy meetings are scheduled in China, Indonesia, Hungary, Turkey, Ukraine, Russia and South Korea. Some of the central bankers with scheduled speaking engagements are ECB President Lagarde, Bank of England Governor Bailey, Nagel and Cipollone of the European Central Bank,…
News of Regional Bank Credit Strains Inject Fresh Fears into the Marketplace October 17, 2025 The report of distressed loans by Zions Bancorp and Western Alliance Bancorp sent their share prices crashing 13.1% and 10.8% today and created an unsettling deja vu from 18 years ago. According to AI Overview, On August 8, 2007, the…
Bias of Monetary Stances Easing in Many Economies October 16, 2025 Money markets are becoming more confident that the Federal Reserve will cut its interest rates several times in coming months, as the risks of weakening labor market conditions outweigh perceived risks of excessive inflation. Yesterday’s published Beige Book yielded five districts recently experiencing flat…
Equities Well-Bid in Spite of Persistent Global Growth Concerns October 15, 2025 Today was the scheduled day for U.S. consumer price data to have been released, but that didn’t happen due to the continuing shutdown of the federal government. The Fed is left to assess growth and price trends from non-government sources, and such are…