WeMade_Focus

Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem insisted on Monday that most of the current inflation stubbornness facing US consumers today isn't a result of tariff pressures on imported goods, estimating that only around 10% of total inflation is being caused by sharp increases i

The core Personal Consumption Expenditures Price Index is forecast to rise 0.2% MoM and 2.9% YoY in August.Headline annual PCE inflation is seen edging higher to 2.7%.Markets broadly expect the Federal Reserve to cut the policy rate by 25 bps in October. The United States (US) Bureau of Economic Ana

The composite PMI increased from 51 to 51.2 in September, indicating that the economy maintained a modest pace of growth in the third quarter. We suspected that last month's very strong PMI was a one-off. It was mainly the result of strong manufacturing, and the European Commission's survey had show

Asia market update: Asia equities [ex-CN/HK] power higher; Trump-Xi phone call accounts differ; New H-1B visa fee causes confusion, concern for US tech. General trend and developments - Nikkei 225 rose strongly (1.5%) to start the week, heading towards new target of 46K once more as traders put behi

The political premium evaporation trade The Bank of Japan offered up a hawkish appetizer, but the main course remains political. The dissent of Takata and Tamura, both openly calling for a hike, was a flashing signal: the BoJ boardroom is no longer singing entirely from Ueda’s hymn sheet. Rarely in

Summary As expected, the FOMC reduced the fed funds target range by 25 bps to 4.00%-4.25% at the conclusion of its meeting today, the first adjustment in nine months. Newly confirmed Governor Stephan Miran was the lone dissenter at the meeting, preferring to cut by 50 bps instead of 25 bps. The deci

Wage growth came in as expected in July. It seems likely that it will remain stable at this level in the near future. However, households still prefer to save rather than spend due to weak consumer confidence. According to the latest report by the Hungarian Central Statistical Office (HCSO), the gro