The Federal Reserve’s preferred measure of underlying inflation rose at the slowest monthly pace since late 2020, helping to lay the groundwork for policymakers to forgo an interest-rate hike at their next meeting.
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The imminent US government shutdown that threatens to delay the publication of key economic data will test policymakers’ and investors’ trust in a range of less-regarded third-party indicators.
A US government shutdown would have a cascading economic effect, beginning mildly and deepening over time as millions of workers go without salary, private contractors aren’t paid and consumer uncertainty grows over Washington’s dysfunction.
The updated Summary of Economic Projections (SEP) showed FOMC members are pretty confident they're on track to engineer a process of "immaculate disinflation" - where inflation comes down without causing much damage to the labor market.
Striking Hollywood screenwriters reached a tentative new labor agreement with studios including Walt Disney Co. and Netflix Inc., settling one of two walkouts that have shut down film and TV production.
Betting markets see a 69% chance of a federal government shutdown starting Oct. 1, when appropriations will lapse if lawmakers can’t agree on a funding bill.
Applications for US unemployment benefits fell to the lowest level since January last week, indicating a healthy labor market that continues to support the economy.
The updated dot plot from the Sept. 19-20 FOMC meeting likely will show one more rate hike in 2023. Even so, most market players don't believe the Fed will follow through.
The world’s biggest bond market came under pressure on the eve of the Federal Reserve decision, with 10-year yields climbing toward the highest since 2007 on speculation interest rates will be higher for longer to prevent a flare-up in inflation.
Stocks, bonds and the dollar saw small moves at the start of a busy week for major central banks, with an advance in Brent oil to around $95 dollars adding to inflation concerns.