Marking Time Until the Fed Announcement
September 17, 2025
The dollar is up a tad, and U.S. equity futures are little changed. Share prices today fell 1.1% in South Korea but rose 1.8% in Hong Kong. Ten-year sovereign debt yields are two basis points lower in Germany and the U.K., a basis point down in the Italy, the U.S. and Spain, and unchanged in Japan. Bitcoin, oil and gold prices have slipped around 0.5%.
August CPI inflation in the euro area was revised slightly lower to 2.0%, matching the June and July results.
British CPI inflation held steady at July’s 18-month high of 3.8%.
South African CPI inflation slipped to 3.3% in August from 3.5% in July.
U.S. mortgage applications shot up 29.7% last week as the 30 year fixed mortgage rate dropped to 6.39%. The NAHB index of U.S. housing market conditions held steady this month at a reading of 32 for the third time in four months. Housing starts fell 8.5% last month.
Bank Indonesian officials surprised analysts with another 25-basis point interest rate cut, the sixth such reduction in the past year.
Copyright 2025, Larry Greenberg. All rights reserved.
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