The GDPNow growth estimate for Q3 rose to 2.5% from 2.1% on August 1. It is still early in the quarter estimates. As a result …
Category: Central Banks
Fed chair Powell made sure to play his cards right last week. And even though he offered no hints of a rate cut then, it …
Goldman Sachs expects the Federal Reserve to begin cutting rates in September, projecting three straight 25 basis point reductions. However, the bank says a larger …
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). …
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting …
Bank of Japan June 2025 meeting minutes, full text. The June meeting minutes have been dated by the July meeting. Headlines via Reuters: Many members …
The Wall Street Journal (gated) with the report: fear a decline in the world-leading economic statistics underpinning U.S. markets In brief: Banks have fielded calls …
BofA Securities is holding firm on its forecast that the Federal Reserve will not cut interest rates in 2025, despite rising market expectations for a …
Hong Kong Monetary Authority bought just under 6.4bn HKD to prop up the currency. The HKD has been running along weaker end of its trading …
Remarks from Federal Reserve Bank of San Francisco President Mary Daly are here: Fed’s Daly says two FOMC rate cuts in 2025 seem appropriate I …