Economy
BoE’s Bailey says second-round inflation effects remain subdued
Bank of England Governor Andrew Bailey signals limited domestic inflation pressure despite energy market volatility. Markets price one rate hike by year-end.
ECB's Schnabel urges central banks to adopt blockchain for tokenized finance
Isabel Schnabel argues central bank money must underpin tokenized finance to ensure stability, reduce fragmentation in euro area markets and modernize monetary policy.
Canada's fiscal deficit narrows sharply in Q1 2026/27 to C$370 mln
Canada recorded a C$370 million budget deficit for the first three months of fiscal 2026/27, down from C$6.28 billion a year earlier. Program spending rose 4.3%, while revenues increased 9.8%.
Smaller Revision Points to More Accurate Jobs Numbers
The Bureau of Labor Statistics' 2026 revisions adjust total workforce figures by 0.1 percent.
Canada posts C$370 million Q1 deficit as revenues rise 9.8%
First-quarter budget gap narrows sharply from C$6.28 billion year-ago shortfall amid 4.3% spending growth and 9.8% revenue increase.
Brazilian DI rates rise as Warsh signals Fed inflation vigilance
DI futures climb after Federal Reserve’s Warsh says ‘work remains’ on U.S. inflation, lifting bets on tighter policy. Producer prices in Brazil fall 0.83% in July.
Warsh opens keynote at Jackson Hole symposium amid policy debate
Federal Reserve Chair Kevin Warsh signals Fed’s evolving stance on financial innovation and payments policy as core inflation remains above target. Regional Fed presidents dissent on interest-rate stance.
Warsh warns Fed must act if inflation stays above target
Federal Reserve Chair Kevin Warsh signals potential rate hikes if inflation remains elevated, as PCE data shows little progress toward 2% target.
Rate-hike expectations rise on Warsh speech at Jackson Hole
Comments from a Federal Reserve official at the Jackson Hole symposium have shifted market expectations regarding future interest rate moves.
Germany's Q2 GDP growth revised up to 0.3% as exports rebound
Second-quarter expansion exceeds preliminary estimate, driven by stronger exports and modest household spending. Ifo business climate index rises in August as recovery gains traction.
Fed rate hike odds rise after July PCE inflation uptick
Probability of a September hike increases to 44% as core PCE holds steady at 3.3% while headline PCE climbs to 3.7%.
Treasury bond buyback plan draws billionaire critique
Stanley Druckenmiller warns the U.S. Treasury’s bond buyback initiative undermines market discipline and fiscal oversight.
Swiss economic calendar: Aug 25–Sep 1, 2026
Half-year earnings reports from Swiss companies alongside key macroeconomic data releases and industry events next week.
Brazilian DI rates hold steady as IPCA-15 inflation cools but services accelerate
Short-term DI contracts remain flat near prior session levels, while long-end rates ease modestly. Inflation data shows mixed signals with services inflation still running hot despite headline IPCA-15 easing.
Factors that could prompt a Federal Reserve rate hike
The Federal Reserve has not signaled an imminent change, but several economic conditions could lead to a rate hike.
US consumer spending rises 0.2% in July despite sticky inflation
Personal consumption increased more than forecast as inflation pressures persist. PCE inflation held at 3.7% in July, underscoring the Fed's challenge ahead of Jackson Hole.
Brazil’s inflation cools with first monthly drop in a year, IPCA-15 at 4.24% y/y
Consumer prices fell 0.40% on the month, the first decline since August 2025, while annual inflation eased to 4.24%. Central bank’s next policy meeting set for Sept. 15–16.
RBA minutes reveal August debate on rate hike amid inflation risks
Minutes from the Reserve Bank of Australia’s August meeting show policymakers considered a 25-basis-point hike as inflation pressures persisted, despite leaving rates unchanged at 4.35%. September meeting pricing now reflects a 67% chance of a hike by February.
RBA minutes show debate over rate hike amid inflation risks
Minutes from the August RBA meeting reveal a discussion on raising interest rates by 25 bps, as inflation remains above target. Market pricing reflects a 13% chance of a hike by September.
US inflation holds at 3.7% in July; Q2 GDP growth confirmed at 1.5%
Sticky price pressures persist as the Fed's preferred inflation gauge remains above target for 65 straight months. Second-quarter GDP growth was left unchanged in a government revision.
Brazil inflation falls to 4.24% in early August, within target band
Consumer prices declined 0.4% month-on-month, undershooting forecasts as the central bank's fourth straight Selic cut takes effect ahead of September policy meeting.
Italy seeks €8 bln from EU defence fund, eligible for up to €14.9 bln
Rome files request under the EU's SAFE instrument as coalition tensions persist over defence spending amid fiscal constraints and energy cost pressures.
RBA says reserves exceed demand as it shifts to ample liquidity system
Australia’s central bank transitions to a new liquidity framework while noting reserves remain above system needs. Head of Domestic Markets cites uncertainty over timing to reach ample levels.
France's August inflation accelerates to 2.7% year-on-year
Harmonized consumer prices rose from 2.4% in July, driven by higher energy costs, according to preliminary data from France's statistics agency.
Czech lower house overrides veto to relax budget deficit rules
Legislation allowing higher spending flexibility passes despite objections over fiscal sustainability risks. Defense and infrastructure projects exempted from deficit calculations.