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Bank of Japan Governor Kazuo Ueda affirmed inflation is on track for its target but cautioned that global uncertainties, including US tariffs and labor market weakness, might discourage wage increases. His comments suggest flexibility regarding an October rate hike, leading market players to anticipate a December increase instead.
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News and Media
The government shutdown that began on Wednesday could delay the release of a large chunk of economic data, meaning the Fed's ability to accurately assess the labor market and inflation situation - which was already limited - will now be much worse. That, in turn, could make the market rethink its own conviction about the near-term rate outlook.
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News and Media
Venezuela's Defense Minister reported five "imperialist combat planes" near its coast, characterizing it as a U.S. threat and provocation. The government urged "U.S. Secretary of War Peter Hegseth" to cease his "reckless" posture, linking the incident to ongoing U.S. anti-drug operations in the Caribbean. This heightens tensions amidst U.S. accusations against Maduro.
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News and Media
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