The Bank of England‘s most consistent inflation “dove” has made the case for a fresh boost to demand, warning that the prospect for the UK remains a period of sub-par economic growth and weak inflationary pressure.- The Guardian
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Gold nears $3,640, up 40% YTD, as Fed rate cut bets boost its appeal. Goldman sees $5k target.
PBOC sets USD/ CNY reference rate for today at 7.1056 (vs. estimate at 7.1213) PBOC CNY reference rate setting for the trading session ahead.
Fed poised for rate cut amid job data pressure; markets price 96% chance of 0.25% move. FedWatch shows 3.6% for 0.50%.
Gold eyes $4K as Fed cuts & inflation fears collide! It's already surpassed its 1980 inflation-adjusted record. Traders are bullish.
Standard Chartered sees Fed slashing rates by 50 bps in September on weak jobs report The bank says the Fed may need to act more aggressively to keep policy in step with a weakening economy.
Fed poised for rate cuts! Markets price 100% chance of 25bps easing. Powell's guidance key for investor sentiment. Watch yields!
PBOC is expected to set the USD/CNY reference rate at 7.1213 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.
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