Market Pulse - Currencies
US consumer confidence improves a bit more than expected in July, University of Michigan says
Consumer confidence in the US improved a bit more than anticipated last month, albeit from June's all-time record low.
US import prices fall by more than expected in July
The cost of goods in the US that were purchased overseas dropped more sharply than expected last month, dragged lower by a fall in imported fuel prices.
US producer prices fall in July, led by energy costs
A fall in energy prices saw wholesale inflation in the US register its first outright fall since April 2020.
Fed's Daly tells FT it's too early to declare victory over inflation
A top US central bank official argued in favour of a 50 basis point interest rate hike at the next policy meeting, instead of a 75bp move, even as she cautioned that much was still left to do.
Minneapolis and Chicago Fed bosses sound hawkish note despite July CPI data
Two top US central bank official sounded a hawkish note on the outlook for monetary policy despite data published earlier the same day that some hoped showed that consumer price inflation had peaked.
US labour productivity and unit labour costs improve less than expected in Q2
US non-farm labour productivity and unit labour costs improved by less than expected during the second quarter.
Fed's Daly, Bowman see need for more rate hikes, stress data-dependency
A top Federal Reserve official said that the US central bank was "far from done yet" when it came to lowering inflation.