While Awaiting Several U.S. Data Releases, Investors Hear Range of Fed Official Comments September 25, 2025 Thursday’s menu of U.S. data reports includes revised GDP and PCE price deflator, existing home sales, durable goods orders, an early bird estimate of the U.S. merchandise trade deficit, the Kansas City Fed manufacturing survey, and weekly jobless insurance…
German Economic Setback, U.N. Speeches, and Parsing U.S. Monetary Policy September 24, 2025 The dollar got an across-the-board lift from a disappointing German business climate survey result in September. That monthly report from the IFO Institute in Munich yielded an unexpected 4-month low reading of 87.7 after August’s 15-month high and in contrast to analyst…
Swedish Riksbank’s Eighth Interest Rate Cut Since May 2024 but the Last One for Some Time to Come September 23, 2025 In Sweden where core CPI inflation of 3.2% exceeds the 2% target by the most in 19 months, the Riksbank Executive Board surprised analysts with a 25-basis point interest rate cut to 1.75% today….
First Batch of September PMI Surveys, Fed Official Comments and the OECD Interim Global Economic Outlook September 23, 2025 There was scant dollar movement overnight of 0.1% or less, and U.S. stock futures are also marking time ahead of a speech by Fed Chairman Powell. Share prices in the Pacific Rim closed up 1.0% in…
New Week Kicks Off with Record High Gold Price But More than a 2% Drop in Bitcoin September 22, 2025 (173) The fourth week of September got off to a slow week from a data release standpoint. Investor attention is particularly focused on the policy stances of major central banks, which seem to be leaning…
Next Week’s Menu: September 20 – 26, 2025 September 19, 2025 Central Banks: Interest rate reviews are scheduled in China, Switzerland, Sweden, Mexico, Hungary and the Czech Republic. Minutes will be published from the Bank of Japan Board meeting. Many officials from the Federal Reserve (Powell, Williams, Bowman, Daly, Musalem, Barkin, Barr, Bostic and Goolsbee)…
Dollar, Which Had Begun This Week with Monday Losses, Finishes Up on a Rising Note September 19, 2025 In the short term at least, the dollar survived a cut of the federal funds rate target and further efforts by the Trump administration to influence monetary policy. Compared to Thursday closing levels, the dollar has strengthened…
Rate Cuts in Macao, Hong Kong, Moldova and Norway September 18, 2025 Moldovan monetary policy has been heavily influenced by the Covid pandemic and the war between Russia and Ukraine, and the interest rate has undergone wild swings this decade. The Bank of Moldova’s policy interest rate was today cut by 25 basis points to…
Busy Session for Central Bank Watchers September 18, 2025 On this Thursday, investors continued to react to yesterday’s interest rate reductions by the Federal Reserve (-25 basis points as expected), Canada (-25 bps as well as expected), Indonesia (an unexpected 25-bp cut). Brazil’s Selic rate was left unchanged for a second straight review at 15.0%,…
FOMC Cuts Federal Funds Target by Consensus of 25 Basis Points… Newcomer Miran Stakes Out a Dissenting Position September 17, 2025 The new federal funds target range will be 4.0-4.25%. Eleven voting FOMC members favored a rate cut of 25 basis points. Governor Stephen Miran, who was only sworn in yesterday on the first day…