CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LATAM: Summary – September 09

LATAM
EM BulletBulletGlobalEmerging Market NewsRegion
  • The BCB’s Focus survey on Monday will be of interest given calls for rate hikes in Brazil. Last week’s survey showed that analysts still expect the SELIC rate to end this year at the current 10.50%. This will be followed by Chile trade data and Mexico CPI inflation, both for August. Latest consensus is for headline inflation to fall back to 5.06% y/y, while core inflation edges down to 4.0%. Argentina IP data for July will also cross.
  • In the US, wholesale inventories and trade sales numbers are next on the schedule, with the NY Fed's 1-year inflation expectations metric also set for release. There are no central bank speakers of note after the late run of Fed members last week, and the ECB remain inside their pre-decision media blackout period.
  • The JPY is offered early Monday, helping undo a large part of the correction lower off post-payrolls highs. The weaker JPY is aiding a recovery in the greenback, with the USD Index again above 101.50. The firming USD is evident against most others in G10 with the exception of CAD, as USD/CAD fails on the test of the 200-dma at 1.3587 last week, re-orienting the focus back lower.
197 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • The BCB’s Focus survey on Monday will be of interest given calls for rate hikes in Brazil. Last week’s survey showed that analysts still expect the SELIC rate to end this year at the current 10.50%. This will be followed by Chile trade data and Mexico CPI inflation, both for August. Latest consensus is for headline inflation to fall back to 5.06% y/y, while core inflation edges down to 4.0%. Argentina IP data for July will also cross.
  • In the US, wholesale inventories and trade sales numbers are next on the schedule, with the NY Fed's 1-year inflation expectations metric also set for release. There are no central bank speakers of note after the late run of Fed members last week, and the ECB remain inside their pre-decision media blackout period.
  • The JPY is offered early Monday, helping undo a large part of the correction lower off post-payrolls highs. The weaker JPY is aiding a recovery in the greenback, with the USD Index again above 101.50. The firming USD is evident against most others in G10 with the exception of CAD, as USD/CAD fails on the test of the 200-dma at 1.3587 last week, re-orienting the focus back lower.