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September Rate Hike Probability Drops to 35.7%
The probability of a 0.25 percentage point increase in the Federal Reserve's (Fed) benchmark interest rate for September has been calculated at 35.7%. The probability of keeping rates unchanged stands at 64.3%, indicating that the market is still leaning more towards the possibility of a freeze rath...
July PCE at 3.7%, Exceeding Fed's Target for 65 Months
The Personal Consumption Expenditures (PCE) price index in the United States rose by 3.7% in July compared to the same month last year, exceeding the Federal Reserve's (Fed) 2% target for 65 consecutive months. The core PCE, excluding food and energy, also increased by 3.3%.
Mixed Trends in Asian Stock Markets: Japan and Taiwan Rise, South Korea and Hong Kong Fall
Asian stock markets showed mixed trends on the 28th ahead of Federal Reserve Chair Kevin Warsh's speech at Jackson Hole. Strong performance in tech stocks boosted Japan and Taiwan's markets.
NVIDIA Acquires Hugging Face for $12.9 Billion
WisdomTree Chief Economist Predicts Warsh's Speech Will Impact Market Trends
Warsh Criticizes Dot Plot and Emphasizes Supply-Side Inflation
Kevin Warsh, Chair of the U.S. Federal Reserve, is analyzed as suggesting that the reduction in communication regarding monetary policy is not merely a matter of speaking less, but is connected to the framework for interpreting inflation.
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