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Cross Weekly
US Congress passed a last-minute spending bill on Saturday While the bill did not have major fiscal cuts demanded by far-right Republicans, Ukraine aid was also omitted from this bill, and the bill would only keep the government open till 17 November...
The Fed skipped this month’s rate hike, as expected, but gave more hawkish projections than expected The dot plot indicated 12 out of 19 officials supported another this year, and a median estimate of a 51% rate at the end of 2024, up from the 46% ...
US Core CPI rose 03% from July, the first acceleration in six months It increased 43% Year on Year, in line with consensus, and the lowest since October 2021 Headline CPI rose 37%, up from 32% in July, due to spikes in petrol prices in August cli...
US jobless claims fell to the lowest level since February 2023, indicating that the labour market remained resilient, while labour productivity in Q2 2023 was revised upwards click here to download the PDF file ...
Non-Farm payrolls for August grew by 187,000 jobs, above expected growth of 170,000 However, the unemployment rate rose to 38%, the highest level since 2022, as more Americans joined the workforce but were unable to land jobs click here to downlo...
Jackson Hole speeches by Powell and Lagarde reinforced the higher for longer hawkish stance, though markets took optimism from his promise to “proceed carefully” and signs that rates may be held steady at the September meeting click here to d...