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Bank of Japan
September 23, 2024
Although analysts were not anticipating a third Bank of Japan rate hike today, the gist of the released statement and subsequent remarks by Governor Ueda contained a more nuanced message than expected. With firms’ behavior shifting more toward raising wages and prices recently, exchange rate developments are, compared to the past, more likely to affect […] More
New Overnight Developments Abroad - Daily Update
European Growth and Inflation Weakened This Month
September 23, 2024
Investors appear satisfied that Fed officials chose the larger 50-basis point cut option last week. U.S. equity futures are retaining though not extending last week’s stock market rally. A final estimate of U.S. second-quarter GDP and August personal consumption and the PCE price deflator headline this week’s data menu. Preliminary September preliminary purchasing manager survey […] More
