UK CPI climbs to 3.6% YoY in April, well above BoE’s 2% inflation target. Core inflation accelerates to 3.8%, raising doubts over future rate cuts.…
US stocks descend for second day in a row on Wednesday. House Republicans agree to $40K cap on SALT deduction. Jamie Dimon’s pessimism sinks in…
GBP/JPY recovers from 192.00 as the Japanese Yen loses strength on potential US-Japan trade talks. Japan’s Akazawa is scheduled to visit Washington later this week.…
Bank of England (BoE) Chief Economist Huw Pill commented on the policy outlook in his scheduled speech on Tuesday. Key quotes Vote against interest rate…
Indian Rupee edges lower in Tuesday’s Asian session. Dovish bets for the RBI weigh on the INR, but a multi-phase US-India trade deal might cap…
The People’s Bank of China (PBOC), China’s central bank, announced a cut in its Loan Prime Rates (LPRs) on Tuesday. The one-year LPR was cut from 3.1% to…
Atlanta Federal Reserve (Fed) President Raphael Bostic said on Friday that he “sees just one rate cuts this year amid uncertainty.” Additional quotes Economic growth…
USD/MXN rallies after Banxico slashes benchmark rate to 8.50%. Banxico unanimously cuts rates by 50 bps, reinforcing dovish outlook and pressuring the Peso. Weak US…
On Thursday, Banco de Mexico (Banxico) reduced interest rates by 50 basis points from 9% to 8.50% on an unanimous vote. Key highlights of Banxico’s…
Treasury yields climb post-CPI; 10-year up 5.5 bps, 2-year up 3 bps on firm inflation outlook. Fed’s Jefferson says policy is well-positioned but notes tariffs…