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US Federal Reserve cuts rates by 25bp as expected citing growing weakness in the labour market. The median FOMC member expects a further 50bp of easing this year. Markets whipsaw but modest moves overall

US Federal Reserve cuts rates by 25bp as expected citing growing weakness in the labour market. The median FOMC member expects a further 50bp of easing this year. Markets whipsaw but modest moves overall

Markets ignore stronger US data, focused on prospects for a protracted Fed easing cycle, seeing Treasury yields edge lower while the USD shows a broadly based fall. EUR rises to a four-year high

Markets ignore stronger US data, focused on prospects for a protracted Fed easing cycle, seeing Treasury yields edge lower while the USD shows a broadly based fall. EUR rises to a four-year high

Ahead of the Fed’s near-certain rate cut later this week, US equities rise to a fresh record high, alongside a modest fall in US Treasury yields and a broadly weaker USD. Little reaction to weaker China activity data yesterday

Ahead of the Fed’s near-certain rate cut later this week, US equities rise to a fresh record high, alongside a modest fall in US Treasury yields and a broadly weaker USD. Little reaction to weaker China activity data yesterday

US equity markets consolidated. Asian indices hit record levels. Global bond yields rebound. US Treasury 10-year up 4bp with a steeper curve. Fitch downgrades French rating amid rising debt and political instability

US equity markets consolidated. Asian indices hit record levels. Global bond yields rebound. US Treasury 10-year up 4bp with a steeper curve. Fitch downgrades French rating amid rising debt and political instability

US CPI data close to market expectations. Initial jobless claims surge to a four-year high, but driven by an unusual gain for Texas. The combination drove down US rates and the USD. ECB on hold, as expected

US CPI data close to market expectations. Initial jobless claims surge to a four-year high, but driven by an unusual gain for Texas. The combination drove down US rates and the USD. ECB on hold, as expected

US producer price data softer than expected supporting the case for Fed easing. US treasuries rally. 10-year yields approach 4.0%, the lowest level since April. S&P500 reaches fresh record high

US producer price data softer than expected supporting the case for Fed easing. US treasuries rally. 10-year yields approach 4.0%, the lowest level since April. S&P500 reaches fresh record high

Significant downward revision for US non-farm payrolls brings brief market reaction. Focus now on upcoming PPI and CPI data. US Treasury yields push higher

Significant downward revision for US non-farm payrolls brings brief market reaction. Focus now on upcoming PPI and CPI data. US Treasury yields push higher

Global rates push down as market sees a protracted Fed easing cycle ahead; 10-year US Treasury yield down to a fresh five-month low of 4.04%. USD broadly weaker

Global rates push down as market sees a protracted Fed easing cycle ahead; 10-year US Treasury yield down to a fresh five-month low of 4.04%. USD broadly weaker

Further weakness in US labour market as payrolls undershoot again. Data clears the way for a September rate cut. Bond markets rally and US dollar is weaker. OPEC+ to increase oil production next month

Further weakness in US labour market as payrolls undershoot again. Data clears the way for a September rate cut. Bond markets rally and US dollar is weaker. OPEC+ to increase oil production next month

Hélène Rey notes technology is reshaping capital flows and currency dominance; data integrity is essential for financial stability

Hélène Rey notes technology is reshaping capital flows and currency dominance; data integrity is essential for financial stability

US economic data mixed, with labour market data weaker than expected but a stronger ISM services survey. Rates lower, as the market positions itself for a soft US payrolls report

US economic data mixed, with labour market data weaker than expected but a stronger ISM services survey. Rates lower, as the market positions itself for a soft US payrolls report

Long end of sovereign bond markets remain in focus. US job openings weaker than expected supporting the case for a September cut. Treasury yields decline following the data. 30-year yields touch 5.0% before retracing

Long end of sovereign bond markets remain in focus. US job openings weaker than expected supporting the case for a September cut. Treasury yields decline following the data. 30-year yields touch 5.0% before retracing

Bonds and equities have been hit as investor appetite for both soured; UK 30-year rate rises to its highest level since 1998. Global rates moderately higher and US and European equities lower, down more than 1%

Bonds and equities have been hit as investor appetite for both soured; UK 30-year rate rises to its highest level since 1998. Global rates moderately higher and US and European equities lower, down more than 1%

Markets quiet with the US on holiday; no reaction to the court ruling that confirmed Trump's country tariffs imposed under emergency law were illegal. US equity futures and European equities up slightly. Global rates up slightly

Markets quiet with the US on holiday; no reaction to the court ruling that confirmed Trump's country tariffs imposed under emergency law were illegal. US equity futures and European equities up slightly. Global rates up slightly

Global equities declined on Friday but ended August with solid gains. US core PCE deflator and consumption data matches expectations. A court ruling has found most of the Trump administration’s tariffs to be illegal

Global equities declined on Friday but ended August with solid gains. US core PCE deflator and consumption data matches expectations. A court ruling has found most of the Trump administration’s tariffs to be illegal