EUR/USD
1.15434
0.164%
Gold
4401.21
-0.164%
Oil
80.405
-1.539%
USD/JPY
159.180
-0.147%
GBP/USD
1.35082
0.104%
GBP/JPY
215.028
-0.037%
Real-time News
August 13th - US July PPI data came in below expectations, driven by further declines in energy and food costs. The PPI report follows closely after the consumer price data – which showed inflation was slowing, further confirming signs that the energy shock from the early stages of the war was fading. However, recent escalation in the Middle East has raised concerns about persistent inflation. Federal Reserve officials will receive additional consumer and producer price data, as well as another labor market report, before their next policy decision in mid-September. Policymakers now need to weigh persistent inflationary pressures against the recent slowdown in hiring. Several sub-items in the PPI are of particular interest to the Fed because they are included in its preferred inflation gauge – the personal consumption expenditures price index. These sub-items released mixed signals. Portfolio management fees saw their biggest increase in over a year, and hospital outpatient care costs also rose sharply, while physician services and hospital inpatient care prices remained moderate.Federal Reserves Hamack: We also need to pay attention to private lending and whether there is a bubble in artificial intelligence.Federal Reserves Hammarck: Treasury bonds are an area I focus on for financial stability.Federal Reserves Hamak: A large amount of leverage was used to buy Treasury bonds.August 13th - Initial jobless claims in the U.S. rose last week after hovering near record lows. Data released by the U.S. Labor Department on Thursday showed that initial jobless claims increased by 9,000 to 209,000 in the week ending August 8th. The median forecast from economists was 202,000. The increase in claims likely reflects the typical volatility of the summer season – seasonal employment patterns and holiday timings tend to influence data during this period. Economists will await data from more weeks before reassessing recent labor market stability.
