Market Overview

The CME FedWatch tool has suggested a total of 250 bps Fed funds rate cuts through September next year, to bring the Fed funds rate to 2.75%-3.00%. An upbeat BoJ’s monetary policy statement next...

Gold prices surged to 2,570 USD per troy ounce on Friday. New record highs became possible amid the weakening position of the US dollar and declining yields on US government bonds.   Gold prices...

Today’s revised estimate of US economic activity for the upcoming third-quarter GDP report continues to point to a slower-but-still-solid growth rate, based on the median nowcast for several...

Investors are split between a 25 and 50bps Fed rate cut BoE is expected to stand pat, but resume cuts in November BoJ to also stay on hold, focus to fall on future hike signals Let the Fed Cuts...

Soft US PPI and reports of Fed dilemma revive bets of 50bps cut Dollar plunges as yields fall, pushing gold to new all-time high Euro climbs as ECB trims rates but does not signal October cut Fed...

Over the past few decades, the global landscape of technological research has undergone an unprecedented transformation. While the United States once dominated this strategic field, China has...

The European Central Bank (ECB) yesterday lowered its deposit facility rate by 25bp for the second time this year (and its other two rates by 60bp, but that was just a technical twist that meant to...

As widely expected, the European Central Bank (ECB) cut all three key benchmark rates at today’s meeting. The central bank lowered the deposit facility rate by 25 basis points to 3.50% from 3.75%;...

Gold Dips After Higher-Than-Expected US CPI Report Gold (XAU/USD) fell on Wednesday after a higher-than-expected US Consumer Price Index (CPI) report numbers. The monthly core CPI unexpectedly...

USD/JPY stabilized a bit yesterday after a temporary drop to a new low below 141.77,  just before the US CPI release. After the data came out at 2.5%, the pair stabilized as US yields, highlighted in...

The European Central Bank (ECB) meets today to discuss markets and monetary policy, and we expect the ECB to lower rates by a quarter of a percent as they coordinate a global easing cycle with the...

The latest US CPI data, and the reaction to data was mixed on Wednesday. The good news is that the headline inflation fell from 2.9% to 2.5% in August, and sank significantly below the 3% level,...

According to a report released by the Bureau of Labor Statistics (BLS) earlier today, headline US CPI inflation (Consumer Price Index) eased to +2.5% in August (YoY), testing levels not seen since...

Let me start with the punch line, which I think will not be a very common take: this report does not stop the Fed from easing 50bps next week, and honestly doesn’t really even hurt the chances very...