Economic news

The US dollar faces increased downside pressure as markets anticipate rate cuts and the yield curve steepens

Traders look ahead to the US labour market data on Friday to determine the pace of rate cuts from the Federal Reserve

Forecasters expect a lift in the Fed's preferred inflation gauge

Global equities cheer on Powell's dovish speech at Jackson Hole as focus shifts to the US PCE data to confirm rate cuts can go ahead

The US dollar recovers some momentum after market pricing shows less likelihood of a Fed cut in September, Powell's speech in focus for more clues

The FTSE 100 outshines its peers on Wednesday reaching a new record high despite UK CPI coming in hotter than expected

UK inflation rose above expectations in July as the Bank of England struggles to decide how to adapt its monetary policy

The Fed must balance a softening labour market with persistent inflationary risks

The RBNZ is expected to lower interest rates to 3.00%

Oil prices stabilise after heavy losses as traders await the outcome of the US-Russia talks and its possible effects on crude