Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: Labor cash earnings up 0.9 percent y/y in August. Leading economic index improves to 106.9 in August, Coincident index improves to 117.6
Upcoming:
- Germany: August Factory orders report will be released at 6:00 GMT.
- France: August budget report and trade balance report will be released at 6:45 GMT.
- Spain: August Industrial output report will be released at 7:00 GMT.
- Switzerland: SNB forex reserve details will be released at 7:00 GMT.
- United Kingdom: Halifax house price report will be released at 7:30 GMT.
- Italy: August retail sales report will be published at 8:00 GMT.
- United States: NFP report will be released at 12:30 GMT. Fed’s William Dudley will speak at 16:15 GMT. FOMC member Robert Kaplan will speak at 16:45 GMT and Bullard at 17:00 GMT. August consumer credit report will be released at 19:00 GMT.
- Canada: Unemployment report will be published at 12:30 GMT, followed by September IVEY PMI report at 14:00 GMT.
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