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Central banks signal potential interest rate hikes amid inflation and employment shifts
Global central banks are facing significant pressure to adjust interest rates as inflation and employment data fluctuate. In the United States, UBS has shifted its forecast to expect two 25-basis-point rate hikes by the Federal Reserve in September and December, citing hawkish messaging, supply chain risks, and strong August employment data which saw 162,000 jobs added.
In Europe, the European Central Bank (ECB) is widely expected to raise its deposit rate by 25 basis points to 2.5% during its upcoming meeting. This move is seen as a precautionary measure against rising inflation, which reached 3.3% in August, largely driven by energy price surges linked to Middle East tensions. While core inflation has shown some signs of cooling, the overall trend remains a concern for policymakers.
In Japan, the Bank of Japan is also under scrutiny, with markets anticipating potential rate hikes that could reach a 31-year high. Meanwhile, in Canada, the economy faces a complex landscape with recent employment losses of 41,700 workers, even as the Canadian dollar shows resilience against a pressured US dollar.
Entities
Adam Glapiński · Bank of Japan · CME Group · Carsten Brzeski · Christine Lagarde · Citigroup · Crédit Mutuel Asset Management · European Central Bank · Federal Reserve · ING · Reuters · UBS
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] US Nonfarm Payrolls added 162,000 jobs in August.
- [○ 1 SOURCE] The Federal Reserve voted 9-3 to keep its benchmark rate unchanged at 3.50% to 3.75% on July 29. cryptobriefing.com
- [○ 1 SOURCE] West Texas Intermediate crude oil is trading near $90.50 per barrel.
- [○ 1 SOURCE] HSBC analysts expressed caution regarding US fiscal sustainability.
- [○ 1 SOURCE] The USD/CAD pair traded around 1.3800 during Asian hours on Tuesday.
- [○ 1 SOURCE] The Canadian unemployment rate remained steady at 6.4%.
- [○ 1 SOURCE] Canada lost 41,700 workers last week.
- [● 2 SOURCES] UBS forecasts two 25-basis-point interest rate hikes by the Federal Reserve in September and December. thoibaonganhang.vn · crypto-times.jp
- [● 2 SOURCES] UBS cited hawkish Fed messaging, supply chain inflation risks, and strong August employment data as reasons for its policy shift. thoibaonganhang.vn · crypto-times.jp
- [● 3 SOURCES] The CME FedWatch tool shows a 58% probability of a 25-basis-point rate hike at the September FOMC meeting. thoibaonganhang.vn · crypto-times.jp
- [● 3 SOURCES] The U.S. economy added 162,000 jobs in August, exceeding expectations. thoibaonganhang.vn · crypto-times.jp · www.parkiet.com
- [● 4 SOURCES] Crédit Mutuel Asset Management expects the ECB to raise the deposit rate to 2.5%. www.anleihencheck.de · cafef.vn · financije.hr · www.europesays.com