As the U.S. Federal Reserve prepares for its upcoming meeting, the debate over the size of the rate cut continues to be a hot topic among analysts. Michael Yoshikami, CEO of Destination Wealth Management, has made a compelling argument for a jumbo 50 basis point rate cut. According to Yoshikami, a bigger cut would signal
Recent data from a survey of recruiters in Britain has indicated a noticeable cooling in the labor market. The report highlighted that job placements fell sharply, with permanent placements dropping at the fastest pace in five months. Additionally, pay growth for permanent staff slowed to a five-month low. This suggests a potential slowdown in both
The latest Chinese Consumer Price Index (CPI) data revealed a 0.6% rise in August, slightly below market expectations. This was an increase from the previous month’s growth of 0.5%. On the other hand, Chinese Producer Price Index (PPI) declined by 1.8% year-on-year, falling short of the market forecast. This data can have a significant impact
Upon initial inspection, Non-Farm Payrolls (NFPs) did not appear weak, but the anticipated buying squeeze was disappointingly short-lived due to the fluctuating rate cut odds. Despite Fed official Waller hinting at the possibility of a 50 basis point cut in September, the actual odds remained stagnant at a mere 30%, following Williams’ confirmation of a
Egypt’s inflation has been on a declining trend for the sixth consecutive month in August, primarily due to a favourable base effect. Despite this positive development, analysts argue that there is a likelihood of a month-on-month increase in inflation following a series of price hikes led by the government. The government’s decision to raise the
France is facing a growing financial crisis, with the possibility of its budget deficit increasing unexpectedly if additional savings are not identified. This troubling development has prompted the French Finance Ministry to seek an extension from the European Commission for submitting a plan to reduce the public deficit. The situation has put the French economy,
Recent data from a Reuters poll suggests that economists are predicting a decrease in headline Year-over-Year (YoY) inflation to +2.6%, which is a 0.3 percentage point drop from the previous month’s +2.9% in July. The estimated range falls between +2.6% and +2.4%. Core inflation, which excludes energy and food components, is expected to remain steady
The US Jobs Report for August showed an increase of 142,000 jobs. This data will likely have some impact on the USD/JPY pairing, but it is not the only factor to consider. Consumer Sentiment Index and US Dollar Demand The Michigan Consumer Sentiment Index, set to be released on September 13, is expected to rise
U.S. Treasury Secretary Janet Yellen recently expressed during the Texas Tribune Festival in Austin, Texas that she is most likely finished with her role in the government after President Joe Biden’s term comes to a close in January. Although Yellen did not explicitly state what her future plans entailed, she hinted at the idea during
President Emmanuel Macron’s decision to appoint centre-right Michel Barnier as prime minister has sparked outrage and protests across France. Thousands of people took to the streets to demonstrate against what left-wing parties are calling a theft of legislative elections. Macron’s choice of the 73-year-old conservative Barnier, who previously served as the EU’s Brexit negotiator, has
The year 2024 has seen a surge in exchange-traded fund (ETF) inflows, breaking monthly records. Managers are closely monitoring these inflows, anticipating a potential impact from the money market fund boom by the end of the year. With over $6 trillion parked in money market funds, industry experts believe this trend could significantly influence the
The idea of a U.S. manufacturing resurgence has been a hot topic in political circles, with both the Trump and Biden administrations proposing initiatives to boost the industry. However, Alpine Macro analysts point out that U.S. manufacturing has been steadily declining for decades. While there have been modest increases in output in certain industries like