China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Australia GDP Beats Forecast, Boosting RBA Rate Hike Bets 
Bank of England Sees Surge in Higher-Risk Collateral 
China’s robots can run faster than Usain Bolt – now they are being prepared for war 
Big AI wants to slow down AI research. Is it a safety pause or a strategic retreat? 
Yen Extends Gains as BOJ Rate Hike Bets Rise 
What is Zionism? The different meanings of a contested term 
‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem 
Bank of Korea Raises Rates to 3% as Inflation Stays Sticky 
BOJ’s Himino Signals Timely Rate Hikes as Inflation Risks Rise 
Australia Inflation Beats Forecasts, Raising RBA Rate Hike Risk 
Add as a preferred source on Google
Recent turmoil in the financial market along with drop in inflation has seriously pushed back expectations of a rate hike from FED as early as September.
Here is why some analysts and economists think that it is unlikely in September
- Whereas Federal Reserve policy officials are optimistic on growth and confident over US labor market, concern lies with low inflation and latest minutes suggest that FED is quite divided over - where inflation might be headed.
- New York FED president, Bill Dudley just provided a hint last night that rate hike in September isn't looking compelling as of now. Which has pushed back implied hike expectation to just about 25%.
- Analysts at Commerzbank think, if FED was to hike rates in September, it would have started providing hints by now.
With rate hike expectation pulling back to December, a hike in next meeting would be very surprising and positive for Dollar.
Watch out for latest comments from FED officials at Jackson Hole meeting.
