IMF Managing Director Kristalina Georgieva urged central banks to keep a prudently hawkish bias as Brent crude tops $100 and US 30-year Treasury yields hit 5.73%, with the Fund’s Bangkok meetings opening October 12.
Category: Economy
Posted inEconomy
India’s Central Bank Raises Rates to 5.5% in First Hike Under New Governor
The Reserve Bank of India raised its repo rate by 25 basis points to 5.5% on October 7, citing rising inflation linked to Middle East oil prices—its first hike since February 2023.
Posted inEconomy
Eurozone Inflation Hits 3.8% in September on 18.8% Energy Surge
Euro area consumer prices rose to 3.8% in September 2026, their highest since September 2023, with energy costs up 18.8% year-on-year as Middle East conflict keeps oil prices elevated.
Posted inEconomy
Bessent Says US Core Inflation Is Near 2.3% and Q3 GDP Will Exceed 3%
Treasury Secretary Scott Bessent said Tuesday that US core inflation had retreated to around 2.3 percent and third-quarter GDP growth would likely exceed 3 percent, pushing back against recession concerns after September’s weak jobs print.
Posted inEconomy
US Services Sector Holds at 55.1 in September as Fed Hold Bets Reach 84%
The ISM Services PMI for September came in at 55.1 on October 5, signalling continued services expansion even as the Fed-hold odds climbed to 84%.
Posted inEconomy
Eurozone Manufacturing PMI Hits 52-Month High at 52.9 in September Final
S&P Global’s final September reading for the eurozone manufacturing PMI came in at 52.9, above the 52.7 flash estimate and the highest level since May 2022, driven by AI and defence investment.
Posted inEconomy
September Payrolls Add Just 29,000 Jobs as Unemployment Climbs to 4.2%
The US economy added only 29,000 jobs in September, sharply below the 84,000 consensus forecast, while unemployment rose to 4.2% and two months of prior data were revised down by a combined 60,000.
Posted inEconomy
August Core PCE Undershoots at 3.0%, Cooling Second Fed Hike Bets
The Fed’s preferred inflation gauge rose 3.0% on a core basis in August, below the 3.3% forecast, easing pressure for a second consecutive rate hike at the October FOMC meeting.
Posted inEconomy
US Private Employers Added 90,000 Jobs in September, Topping Forecasts
ADP’s September payroll data showed US private employment rising 90,000 — well above the 68,000 consensus — led by education and health, ahead of Friday’s official nonfarm payrolls report.
Posted inEconomy
August PCE Inflation Seen Rising to 3.4%, Fuelling Second Fed Hike Bets
Markets brace for August core PCE data due September 30, forecast at 3.4% year-over-year, above July’s 3.3% and well above the Fed’s 2% target.