EUR/USD
1.14602
-0.027%
Gold
4292.33
0.666%
Oil
97.326
-0.158%
USD/JPY
156.062
-0.137%
GBP/USD
1.33732
-0.049%
GBP/JPY
208.712
-0.184%
Real-time News
Japanese Finance Minister Satsuki Katayama: We will review budget requests and control debt issuance at a level that can gain market confidence.On September 17th, it was reported that on September 16th, Fujian and Ningxia conducted their first cross-provincial collaborative computing and power management operation. On the same day, some computing power tasks from pilot server racks in Fuzhou and Xiamen were transferred across provinces to the Zhongwei Data Center in Ningxia through unified scheduling. The power departments of both regions simultaneously utilized a new power load management system to coordinate and dynamically monitor the computing load.On September 17th, Katherine Brooks, Head of Institutional Research, stated on Wednesday that the latest CPI data supports the Bank of Englands "hawkish pause." However, the real inflation shock may occur in September. Brooks noted that there are currently no signs that inflation is spreading to the broader economy. However, the inflation report showed that raw material costs rose 6.1% year-on-year, and producer prices rose 3.7%. These costs will either ultimately be passed on to already burdened consumers or squeeze corporate profit margins, both of which are detrimental to the UK economy. Brooks pointed out that stable core inflation is a positive sign, but the Bank of England has stated that energy prices now have a greater impact on inflation expectations than core inflation. Furthermore, persistently high energy price ceilings also pose an upside risk to future inflation. Brooks believes that although the market has lowered its expectations for near-term interest rate hikes by the Bank of England, future rate hikes cannot be ruled out; the market is currently pricing in approximately four rate hikes by the end of next year. Unless the war with Iran ends and supply constraints in the Middle East ease, the UK economy will continue to face long-term pressure for interest rate hikes.Japanese Chief Cabinet Secretary Minoru Kihara: We will continue to monitor the impact of the (interest rate hike) on the US economy and markets.Japanese Chief Cabinet Secretary Minoru Kihara: Japans stance on exchange rates has remained unchanged since the joint intervention by the United States and Japan.
