International Economic
Fed needs to keep at it until inflation comes down, Powell says
The head of the US Federal Reserve said that policymakers would have to "keep at it" until inflation came down.
Initial jobless claims fall to 222,000
Americans filed new jobless claims at a decelerated pace in the week ended 3 September, according to the Department of Labor.
ECB hikes interest rates by 75 basis points
The European Central Bank lifted interest rates on Thursday by an unprecedented 75 basis points as it looks to tackle surging inflation.
Bitcoin and Ethereum sell-off fades as dollar rally stalls
After selling dominated the digital assets market on Wednesday, weighed down mainly by a strong dollar and uncertainty around the consensus change in Ethereum, some calm seems to have settled in digital tokens, as they are retracing some of their recent declines. Bitcoin hit a three-month low of $18,500, from where it restructured upwards to resistance at $19,500. Despite the June low of 17,500 support still exerting traction, experts indicate that the selling momentum appears to have lost steam.
MUFG sees rising risk of Japanese FX intervention
The risk of intervention in foreign exchange markets by authorities in Japan was contributing to recent weakness in the US dollar, MUFG analysts said.
Goldman ups call for September FOMC to a 75 basis point hike
Economists at Goldman Sachs revised their forecast for the path that the Federal Reserve's interest rate hikes will follow higher.