Market Pulse - Currencies
Slower US wage growth in December may point to 25bp Fed hike, Barclays says
US central bank survey data published the day before suggested that wage growth decelerated "notably" at the end of 2022.
Consumer confidence rises and inflation expectations drop in December, University of Michigan says
Consumer confidence in the US improved for a second month from a low base at the start of 2023, the results of a closely followed survey revealed.
US import prices register first increase in six months
US import prices unexpectedly broke a five-month streak of declines at the end of 2022.
US CPI slips a tad more than expected in December, core rate as expected
The cost of living in the US slipped by a tad more than expected last month.
Fed's Harker favours shift towards 25bp rate hikes
A top US central bank official joined the camp of those calling for a further downshift in the pace of interest rate hikes to 25 basis points per meeting.
US small business optimism slips more than expected in December, NFIB says
Small business confidence in the US fell back to its June lows at the end of 2022, alongside declines in gauges for price pressures and hiring, the results of a survey showed, although salary pressure remained.
Fed's Powell says restoring price stability may require unpopular policies
The US central bank will steer clear from taking on responsibilities around designing or supervising more climate-friendly policies, absent a mandate from lawmakers, its head said.
US services sector shrinks by surprise in December, ISM says
Services sector activity in the US shrank unexpectedly at the end of 2022, the results of a closely followed survey revealed.
US job cut announcements fall back in December, Challenger says
US job cut announcements fell at the end of 2022 closing off a year that saw the second-lowest total tally since 1993, the results of a closely followed survey showed.
IMF's Gopinath tells FT Fed should stay the course
Inflation has not turned the corner yet in the world's largest economy, the International Monetary Fund's number two official said.
US factory sector activity cools a bit more in December, ISM says
Activity in the US manufacturing sector cooled a bit more but roughly as expected during the last month of 2022, the results of a closely-followed survey showed.
Fed's Kashkari lays out case for Fed funds rate at 5.4%, sounds hawkish note
A top US central bank official laid out on Wednesday his reasoning for the need to raise interest rates by more than financial markets were currently anticipating.
US job openings remain near cycle highs in November, quits tick higher
A key gauge of labour market tightness in the US was little changed towards the end of 2022, contrary to expectations, the results of a closely-followed survey revealed.
Ex-Fed's Dudley says US recession likely, but probably will not be severe
An economic recession in the US, while likely, would probably not be severe, a former top Federal Reserve official reportedly said.
US factory conditions deteriorate at fastest pace in over 2 years in December, S&P Global says
Operating conditions in the US manufacturing sector recorded their steepest drop at the end of 2022 since may 2020, revised survey readings showed.
Government subsidies push German CPI sharply lower in December
The rise in the cost of living in Germany at the end of 2022 missed economists' forecasts by a wide margin.