The USDCAD has extended higher, helped by a stronger US dollar and a sharp rise in US yields following Fed Chair Warsh's hawkish comments. The US two-year yield is up 11.5 basis points at 4.347%, reflecting reduced...

Agrees with the Fed chair about details of the economy.Agrees that inflation is the Fed's main issue right now.On inflation it is important to understand what is the nature of the supplies shocks or is a demand dri...

Hammack spoke yesterday so this is a repeat. Warsh speaks at 10 am ET.Inflation will end year around 3%Does not see restrictive financial conditionsCommunicating Fed issues to public is part of the jobFed credibility d...

Prior Q1 +0.3%Canada GDP Q2 annualized 3.3% vs 3.4% estimateImplicit price QoQ 2.5% vs 1.2% last quarterGDP MoM for June 0.3% vs 0.2% estimate. Prior month 0.3%. Preliminary July estimate 0.0%Solid growth.The USDCAD is...

Rate hikes by year-endRBNZ: 55 bps (99% probability of rate hike at the next meeting)ECB: 41 bps (98% probability of rate hike at the next meeting)BoJ: 37 bps (67% probability of rate hike at the next meeting)...

Prior +3.6%HICP +4.5% vs +4.6% y/y expectedPrior +3.9%Core CPI Y/Y +2.9% vs +3.0% priorSpain's annual inflation rate accelerated sharply in August, with rising fuel costs pushing headline inflation to its highest l...

Prior +2.1%HICP +2.7% vs +2.6% y/y expectedPrior +2.4%French inflation picked up in August with stronger energy prices offsetting softer pressures from the services sector. The acceleration was primarily driven by ene...

If Morgan Stanley's read proves correct, traders hoping for explicit signals on a September move or the year end rate path may come away disappointed, reducing the odds of a sharp directional repricing immediately ...

The infrastructure push signals a more coordinated push to translate policy support into actual project starts, with the focus on compute, power grid and telecom integration pointing to continued state backing for AI a...

With markets already pricing a 94% chance of a hike, the September decision itself carries limited surprise potential, shifting focus to how the RBNZ frames the path beyond it. BNZ's own inflation forecast of 3.7% ...

The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.PBOC injected 333bn yuan through overnight reverse repos and injects 20bn yuan via 7-day reverse repos at unch...

The stronger than expected reading reinforces the case for a BOJ rate hike as soon as its September 17-18 meeting, with the core-core gauge the central bank watches most closely now sitting just 2 basis points shy of a...

The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. C...

Japan Tokyo CPI August 2026, y/y:Headline CPI 1.9%expected 1.9%, prior 2%Core CPI (excludes fresh food) 1.8%expected 1.7%, prior 1.9%CPI Ex Food and Energy (core-core and the closest to US core CPI measure) 2.0%expecte...

Thursday's remarks did little to resolve the market's core uncertainty heading into Friday, namely whether the Fed leans toward a September hike or continues to hold. Hammack's (and more here) explicit call...

Tokyo area inflation the focus today. Meanwhile, expectations of a Bank of Japan September rate hike are firming up:BOJ's Himino signals more hikes, flags growing upside inflation riskBOJ policymaker Himino says wo...

Recent PCE report didn't change modal outlook that mon pol is restrictive and will lead to gradual disinflationPortfolio management had an outsized influence on headline inflation, with market-based prices more in ...

Goes into every meeting with an open mindOpenen minded about cadence of meeting scheduleExpects slow progress on inflation, should end year around 3%Fed policy needs to be restrictiveLatest inflation data in line with ...

The USDCAD bottomed last Friday at 1.37315 before gapping higher over the weekend after trade talks between the U.S. and Canada soured. The deterioration in trade relations helped fuel upside momentum, taking the pair ...

I'm seeing more persistence in inflationThe problem with us missing on inflation for so long is an inflationary mindset creeping inI don't think we're there yet on the inflation mindset but that's what ...