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EUR/JPY slumps below 171.50 as Bessent criticizes BoJ, Eurozone GDP eyed
EUR/JPY depreciates more than 0.5%, trading around 171.50 during the Asian hours on Thursday. The currency cross loses ground as the Japanese Yen (JPY) advances after US Treasury Secretary Scott Bessent criticized the Bank of Japan’s (BoJ) stance on inflation.
Fxstreet
Thu, Aug 14
US Treasury Sec. Bessent says BoJ is falling behind the curve, expects hike — Bloomberg
US Treasury Secretary Scott Bessent criticised the Bank of Japan’s (BoJ) stance on inflation, saying that the Japanese central bank is “behind the curve” and needs to hike rates to get price pressures under control, Bloomberg reported on Thursday.Fxstreet
Thu, Aug 14
AUD/JPY falls to near 96.00 despite improved Australian labor data
AUD/JPY halts its winning streak that began on August 5, trading around 96.20 during the Asian hours on Thursday. The currency cross weakens as the Japanese Yen (JPY) strengthens, driven by external factors, particularly the softening of Fed rate expectations, which is narrowing yield spreads.
Fxstreet
Thu, Aug 14
Goldman Sachs sees Fed cutting rates thrice in 2025, twice more in 2026
NEW YORK, Aug 13 (Reuters) - Goldman Sachs GS.N said on Wednesday in a research note it expects the U.S. Federal Reserve to deliver three 25-basis-point interest rate cuts this year and two more in 2026.This would put the terminal rate at between 3% and 3.25%, down from the current 4.25%-4.50% level...Reuters
Wed, Aug 13
Fed's Goolsbee signals door open to rate cut in fall
Goolsbee not convinced labor market is weakeningNeed more data to be convinced inflation on path to 2%: GoolsbeeFed could cut once, then pause if data changed: GoolsbeeBy Ann SaphirAug 13 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee said on Wednesday he is uneasy assuming that ...Reuters
Wed, Aug 13
Fed's Goolsbee: need more comfort on inflation, every meeting live
By Ann SaphirAug 13 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee on Wednesday said he is uneasy assuming that tariffs won't push inflation upward and is not convinced that the U.S. labor market is deteriorating - two reasons cited by a few of his colleagues who support inte...Reuters
Wed, Aug 13
Fed can wait to adjust policy because job market is near full employment, Bostic says
Aug 13 (Reuters) - Atlanta Federal Reserve President Raphael Bostic on Wednesday said a U.S. job market holding near full employment offers the central bank the "luxury" of being able to avoid rushing to make any policy adjustments.The Fed should avoid policy volatility that can be troubleso...Reuters
Wed, Aug 13
TREASURIES-US yields fall as traders boost bets on September rate cut
Bessent says there's good chance of 50 bps rate cutTrump administration considering 11 candidates for Fed chair, CNBC reportsBy Karen Brettell Aug 13 (Reuters) - U.S. Treasury yields fell on Wednesday as traders raised bets that the Federal Reserve will resume interest-rate cuts in September ...Reuters
Wed, Aug 13
Fed can wait to adjust policy because job market is near full employment, Bostic says
Aug 13 (Reuters) - Atlanta Federal Reserve President Raphael Bostic on Wednesday said a U.S. job market holding near full employment offers the central bank the "luxury" of being able to avoid rushing to make any policy adjustments.The Fed should avoid policy volatility that can be troubleso...Reuters
Wed, Aug 13
What to Watch in the Day Ahead - Thursday, August 14
The Labor Department is expected to report that initial claims for unemployment benefits likely rose by 2,000 to 228,000 for the week ending August 9. Continued jobless claims for the week ended August 2 are expected to fall to 1.964 million from 1.974 million previously. Meanwhile, the Bureau of La...Reuters
Wed, Aug 13
Fed grappling with impact of tariffs as it ponders rate decisions, Goolsbee says
Goolsbee cautious on assuming tariffs as one-time inflation shockFed's next policy meeting is on September 16-17Goolsbee says labor market solid despite slowing job growth Aug 13 (Reuters) - Chicago Federal Reserve President Austan Goolsbee said on Wednesday the U.S. central bank is grappling...Reuters
Wed, Aug 13
