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Traders Walk Back Bets on UK Rate Cut After BOE Economist Speaks
Bank of England Chief Economist Huw Pill said that the timing of an interest rate cut is still an “open question,” prompting traders to push back bets on a reduction next month. Pill said on Wednesday that easing monetary policy is a matter of “when rather than if,” but he also continued to air his worries about the persistence of inflation even as other policy makers have signaled they’re ready to cut. He said the central bank’s policy makers “still have some work to do” to squeeze domestic price and wage pressures out of the pipeline, and he played down the importance of upcoming data before the ... (full story)
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From goldmansachs.com|Jul 10, 2024US consumer spending is showing signs of slowing. But that’s more of a return to normal than an indication that a downturn is looming, according to Goldman Sachs Research. Some ...
From treasurydirect.gov|Jul 10, 2024table
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From federalreserve.gov|Jul 10, 2024Thank you, Austan, for the warm welcome. It is really a pleasure to join you in Chicago for this year's Fed Listens event. When we started Fed Listens back in 2019, the initiative ...
From insight.factset.com|Jul 10, 2024The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of June 2024 is 3.1%. If 3.1% is the actual year-over-year increase ...
From forex.com|Jul 10, 2024Today’s rather slow economic calendar has left little in the way of new catalysts for markets, and as we all know from our high school Physics classes, absent any force opposing ...
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- Posted: Jul 10, 2024 2:27pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,781
