3rd October 2024

  • US Hiring in ADP Data Rebounds After Five Months of Easing

Private payrolls rose 143,000 in September, above forecast

‘Stronger hiring didn’t require stronger pay growth,’ ADP says

https://blinks.bloomberg.com/news/stories/SKQAW5T1UM0W

  • ECB Momentum for an October Rate Cut Is Looking Unstoppable (4)

Officials judged last month that such a move would be unlikely

Weaker inflation, feeble economy, ‘tilts the scales’ Rehn says

https://blinks.bloomberg.com/news/stories/SKQOODDWX2PS

  • BOE’s Bailey Raises Prospect of More Aggressive Rate Cuts

Governor comments in interview with Guardian newspaper

Says events in Middle East being monitored as oil prices rise

https://blinks.bloomberg.com/news/stories/SKRMOWDWX2PS

  • Ishiba’s Surprise Warning to BOJ Casts Doubt on Hike in 2024 (1)

Half of economists had expected a rate increase in December

Government spokesman says policy specifics are up to BOJ

https://blinks.bloomberg.com/news/stories/SKRAU9T0AFB4

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