[ad_1] WASHINGTON U.S. central bankers face an unenviable task when they gather in Washington this week: Tackling persistent inflation without adding to financial sector turmoil after Silicon Valley Bank’s rapid collapse. class=’cf’> The Federal Reserve has raised rates eight times since last year in the face of decades-high inflation as it looks to cool the…
[ad_1] The key data release on Thursday was expected to be the Philly Fed´s regional manufacturing index, which economists believed would reveal a small improvement in activity levels for the month of November. As ever, investors would likely also be keeping close tabs on the latest weekly unemployment claims figures. The economic calendar for Thursday…
[ad_1] Outlook: We get US housing data all week, including starts and permits tomorrow and existing home sales on Friday, all likely to show robust growth. Today is the Empire State and Thursday is the usual jobless claims. Wednesday brings the Fed minutes. The Empire State August survey is expected to rise to 19.0 from…
[ad_1] Notes/Observations -UK CPI headline and core miss forecasts -European Commission President Juncker says risk of a no-deal is palpable, as Barnier tells the UK to stop spending time pretending to negotiate -European Indices trading cautiously ahead of today’s FOMC rate meeting where rates are expected to be cut by 25bps Asia: -China President Xi…