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UNCOVERED: 19 - Caught on Camera

Bank of England’s top economist calls for ‘prompt’ interest rate hike

Huw Pill said it was a risk to leave interest rates unchanged while waiting for clearer signs of how the Iran war has affected UK inflation.

Evening Standard

Strong demand boosts US services sector activity in August

U.S. services sector activity grew in August, with new orders reaching a 3-1/2-year high. Input prices also increased, suggesting inflation may remain elevated for some time. Strong domestic demand, partly fueled by artificial intelligence spending, is driving these trends. Despite order surges, services employment remained subdued due to policy uncertainty.…

The Economic Times

US Fed's Christopher Waller urges 'give disinflation a chance' as rate hike remains on table

Federal Reserve Governor Christopher Waller expressed openness to steady interest rates, contingent on forthcoming inflation indicators showing a decline. However, if inflation persists, a rate hike in September can't be ruled out. He underscored the importance of inflation trends in shaping his policy decisions. The market has adjusted its expectations…

The Economic Times

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US stocks today: NaS&P 500 rise as Fed's Waller signals openness to holding rates steady

US stocks traded higher as Fed Governor Christopher Waller said he could support holding interest rates steady if inflation continues to cool. Investors are now watching Friday's jobs data for clues on the Fed's next move, while rising oil prices and Middle East tensions remain key risks for markets.

The Economic Times

Fed's Waller says central bank's next rate move depends on upcoming inflation report

Federal Reserve governor Christopher Waller says that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not

The Independent UK

Fed Governor Waller Says He Will Be 'Inclined' To Keep Rates Unchanged If Inflation Data Doesn't Surprise

Waller said that recent inflation trends "suggest we are finally seeing some signs of disinflation."

International Business Times

India bonds pare gains as oil spike tames FCNR boost

Early Thursday trading saw Indian government bonds lose their initial gains as stronger dollar inflows were overshadowed by soaring oil prices. Traders covering short positions led to better performance in shorter maturities. Abundant liquidity helped reduce overnight indexed swap rates, but the spike in oil prices heightened concerns about India's…

The Economic Times

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John Lewis boss ‘optimistic’ for Christmas despite ‘perma crisis externally’

Peter Ruis said ‘it isn’t an economy where you’re going to splurge, when you’ve got that inflation swirling around you’.

The Independent UK

How RBI could tackle a liquidity deluge triggered by dollar deposits

The RBI’s special dollar deposit scheme attracted a massive $127.23 billion, pushing India’s banking system liquidity surplus to a record ₹9.70 trillion. The central bank may deploy longer-term VRRR auctions, FX swaps, a market stabilisation scheme, CRR hikes or open-market bond sales to absorb excess liquidity and prevent inflationary pressures…

The Economic Times

Global Market: Eurozone services growth slows in August, but private sector remains steady

Eurozone services growth eased to a two-month low in August, but resilient domestic demand and improving manufacturing activity kept overall private-sector growth steady. Employment strengthened, while renewed price pressures and inflation above 3% could complicate the European Central Bank’s policy outlook.

The Economic Times

With voters squeezed by high costs, Texas candidates race to claim affordability mantle

If not carefully vetted, candidates’ proposals to lower costs could exacerbate future affordability issues, experts say.

The Texas Tribune

UK mortgage borrowers brace for rate jump amid global bond sell-off

Swap rates rise to three-year high as increase in oil prices leads to fears of higher inflation

The Guardian - UK

US economic activity rises modestly, inflation pressures persist: Fed Beige Book

Recent reports indicate a modest growth in US economic activity alongside slight increases in employment figures. However, moderate price rises have been observed throughout most Federal Reserve districts, with businesses facing higher costs in energy and transportation, which is affecting consumer spending. The housing market remains sluggish, pressured by high…

The Economic Times

Grattan on Friday: economic life won’t get much better until Australians climb that productivity mountain

Treasurer Jim Chalmers would have sighed with relief at this week’s economic growth figures. Despite some preview talk of possible stagnation, we saw modest growth of 2.1% in the year to the end of June.

The Conversation

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The Economic Times

Indian FMCG stares at broadening commodity inflation and a new source of cost pressure

The raw-material cost environment for FMCG makers has become increasingly uneven in the second quarter of FY27, with prices of several agricultural and food commodities moving higher even as crude and some imported packaging inputs offered sequential relief, according to a report.

The Economic Times

Rising Treasury yields emerge as key risk to Wall Street’s record rally

Investors in the US stock market are monitoring Treasury yields closely, aware that they may hinder any potential rally. The benchmark ten-year yield is nearing levels that could disrupt equity valuations. While robust corporate earnings currently mitigate rising borrowing costs, the focus is shifting to inflation and interest rates. Should…

The Economic Times

Global bond slump looks painful, but its nothing like the 2022 rout

Global bond markets are experiencing a selloff, though less severe than four years ago. Current yield increases are smaller, providing some market reassurance and new opportunities. Heavy government spending and AI financing are adding pressure to bond markets. Higher yields offer investors a better income cushion against falling prices. Bond…

The Economic Times

US stocks today: US markets rebound from lows, but inflation, Iran war worries persist

US stocks rebounded from a three-day selloff, with the S&P 500, Nasdaq and Dow ending higher. However, persistent inflation concerns, a global bond selloff and escalating US-Iran tensions kept investors cautious, while weak jobs data raised concerns about corporate spending and the US economic outlook.

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Fortune

'Critical employees will begin to retire': Trump’s new pay plan will deny most federal roles a raise, and it has workers warning of a retention crunch

“Such a large raise for Federal employees while most Americans still struggle with the consequences of the Biden Administration’s giant inflation spree is unacceptable,” Trump said.

The Economic Times

Berkshire Hathaway CEO Greg Abel sees AI, power demand as new engines of growth

Berkshire Hathaway sees AI opportunities beyond technology stocks. The company is investing in Alphabet, a significant player in artificial intelligence. Berkshire Hathaway Energy could benefit from data center power demands. Consumers still face economic pressures from inflation and mortgage rates. Long-term investments in Japanese trading houses remain a strategic focus.

Kiplinger

August Jobs Report Preview: Key Insights From Experts

The August jobs report will be released Friday morning. Here's what the data are expected to show.

Barchart

Stocks Push Higher as Crude Oil and Bond Yields Stabilize

The S&P 500 Index ($SPX ) (SPY ) is up by +0.50% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.79%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.17%. E-mini S&P futures (ESU26 ) are up +0.49%, and September E-mini...

International Business Times

Diesel Prices Have Surged Back Toward April's High. That's Another Problem For America's Inflation Fight.

The national average reached $5.688 a gallon Tuesday. U.S. distillate inventories have fallen sharply during August.

The Economic Times

Rising global bond yields, FCNR-B inflows and SEBI's CAS to shape market dynamics: HDFC Securities CEO Dhiraj Relli

India is grappling with rising global bond yields and surging oil prices, which are heightening imported inflation. These economic challenges pose a threat to sustained corporate profits. Meanwhile, SEBI's auction initiative aims to bolster market integrity and enhance price discovery. Although RBI's new deposit guidelines provide some temporary relief amidst…

Barchart

Dollar Erases Early Gains as Crude Oil and T-note Yields Move Lower

The dollar index (DXY00 ) fell from a 2.5-week high today and is down by -0.11%. The dollar gave up an overnight advance and turned lower today when WTI crude oil dropped from a 6-week high and moved lower, which eased inflation expectations, a dovish factor for Fed policy. The...

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