14th August 2024

  • Fed’s Bostic Says More Data Needed, Rate Cut Likely by Year-End

Atlanta Fed chief joins other policymakers signaling caution

Wants to avoid an about-face on rates if cuts come too soon

https://blinks.bloomberg.com/news/stories/SI64WADWRGG1

  • US Producer Prices Move Higher as Service Provider Margins Climb

PPI increased 0.2% in June from a month earlier; 0.1% expected

Morgan Stanley, Capital Economics trim core PCE price estimate

https://blinks.bloomberg.com/news/stories/SGIGY7T1UM0W

  • German Investor Confidence Plunges to Lowest Since January (2)

ZEW expectations index fell to 19.2 in August; est. 34

‘Economic outlook for Germany is breaking down,’ Wambach says

https://blinks.bloomberg.com/news/stories/SI5T6XDWRGG0

  • New Zealand Cuts Rates as Slumping Economy Slows Inflation (4)

Cut to 5.25% expected by less than half of surveyed economists

RBNZ forecasts another recession, ongoing policy easing

https://blinks.bloomberg.com/news/stories/SI6W9ADWX2PS

CLICK HERE TO READ THE FULL ARTICLE

For more information please contact Rubrics Asset Management. info@rubricsam.com.