Analysis

The Federal Reserve has been chasing the 2% inflation target for years. Now, with new inflation data from September, it looks like they’re getting close.

TOKYO (Reuters) - Japan's core consumer inflation rate likely eased in September as energy costs eased due to government subsidies, while export growth slowed sharply, a Reuters poll showed on Friday.

LONDON (Reuters) -Britain's economy grew in August after two consecutive months of stagnation, providing some relief to finance minister Rachel Reeves ahead of the new Labour government's first budget later this month.

TOKYO (Reuters) -Japan's improving economic conditions and receding U.S. recession worries are likely to bring prospects of a December or January interest rate hike back into view, even as a new government complicates the politics around monetary policy.

ORLANDO, Florida (Reuters) - Foreign investors' claims on Uncle Sam have been greater than U.S. investors' claims overseas for decades, an imbalance that many analysts have long warned may spark a crisis of confidence in the dollar.

OpenAI’s report stated that its models are being used to influence elections. It also stated that it had taken down over 20 operations that relied on its AI model to carry out such malicious activities. 

TOKYO (Reuters) - More than a third of Japanese companies are likely to miss their earnings projections for the first half of the business year that commenced in April due to slow sales and increased costs, a Reuters survey showed on Thursday.

Bank of Japan (BoJ) Deputy Governor Ryozo Himino is delivering a speech on Japan's markets at a Bloomberg event on Thursday.

LONDON (Reuters) - The award this week of Nobel prizes in chemistry and physics to a small number of artificial intelligence pioneers affiliated with Google has stirred debate over the company's research dominance and how breakthroughs in computer science ought to be recognised.

BEIJING (Reuters) - China's exports are likely to have risen at the slowest pace in five months in September, suggesting manufacturers are no longer rushing out orders ahead of tariffs from several trade partners and that global demand for Chinese goods is softening.

Federal Reserve Bank of San Francisco President Mary Daly said on Wednesday that she "fully" supported the Fed's half of a percentage-point interest-rate cut last month. Daly further stated that one or two more rate cuts this year are likely if the economy evolves as she expects, per Reuters.  

HSBC (LON:HSBA) downgraded major container stocks, forecasting a slowdown in earnings especially after disruptions from a short-lived U.S. east coast strike turned out to be less dire than expected. 

Citi analysts presented a bullish, near-term view for base metals and iron ore prices, citing optimism over more stimulus measures from top consumer China, although the longer-term view was less positive.

The Reserve Bank of Australia (RBA) published the Minutes of its September monetary policy meeting on Tuesday, highlighting that the board members discussed scenarios for lowering and raising interest rates in the future. 

Federal Reserve Chairman Jerome Powell participates on Monday in a moderated discussion titled "A View from the Federal Reserve Board" at the National Association for Business Economics Annual Meeting in Nashville, starting at 17:00 GMT.

TradingKey – The September non-farm payroll report will be the central focus this week, as it plays a critical role in shaping market expectations amid the ongoing influence of the Federal Reserve's easing cycle.

China's Caixin Manufacturing Purchasing Managers' Index (PMI) contracted to 49.3 in September after reporting 50.4 in August, the latest data showed on Monday.

The United States Bureau of Economic Analysis (BEA) is set to release the significant Personal Consumption Expenditures (PCE) Price Index, which is the Federal Reserve’s preferred measure of inflation, on Friday at 12:30 GMT.

SEOUL (Reuters) - South Korea's exports are expected to have risen for a 12th straight month in September, but with the growth momentum slowing further, a Reuters poll showed on Friday.

WASHINGTON/LONDON (Reuters) - With key central banks now aligned in cutting interest rates a real-time experiment is underway in how much the global financial landscape has changed since the pandemic and in particular whether the easing cycle may be short-lived because of higher underlying rates.