Brazil’s Central Bank Chief Warns of Inflation Concerns Amid Fiscal Targets Misalignment and Urges Dual Stabilization in Monetary and Fiscal Aspects
Amid political tensions, House Republicans reject a short-term funding plan, raising the specter of a government shutdown. Concerns grow over the fate of federal agencies, national parks, worker pay, and partisan divides in Congress. Negotiations intensify as the deadline approaches.
In August, US inflation, excluding food and energy, slowed to just under 4.0%, offering hope for the Federal Reserve. However, overall prices, driven partly by higher gasoline costs, remain elevated. Economists predict slower economic growth, possibly delaying Federal Open Market Committee rate hikes for the rest of 2023. The core PCE price index in August rose by 0.1%, marking the first time below 4.0% since June 2021. Policymakers watch the ‘super core’ measure closely to gauge their inflation-fighting progress.
Donald Trump’s 2024 presidential election prospects surge as he outpaces President Joe Biden in betting markets, but caution is advised due to the volatile nature of political landscapes and the unpredictability of elections.
The latest GDP report reveals valuable insights into ongoing inflation trends, with a focus on core inflation metrics excluding food, energy, and housing components, providing crucial data for Federal Reserve policymakers.
September marks a challenging month for U.S. government bond returns as relentless sell-offs in long-term Treasurys drive yields to decade-high levels, impacting investors and reflecting shifting expectations about the economy and Federal Reserve policies.
The iShares Core U.S. Aggregate Bond ETF (AGG) approaches its lowest closing level since 2008 amid a significant sell-off in the $25 trillion Treasury market, impacting the broader $55 trillion U.S. bond market.
German inflation hits a two-year low at 4.3%, easing concerns for rate hikes, but ECB remains cautious as high inflation persists across Europe amid economic uncertainties.
The Pakistan rupee shines as the best-performing currency in September, thanks to the government’s crackdown on illegal dollar trading, leading to a remarkable 6% surge and improved economic stability.
After a challenging September marked by a 5.2% drop in the S&P 500, the stock market is showing signs of a positive start as bond yields slightly decrease and several concerns, including a potential government shutdown and rising oil prices, weigh on Wall Street.