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August 31, 2026
Preview: Due September 11 - U.S. August CPI - Firmer on energy and lodging away from home
August 31, 2026 1:55 PM UTC
We expect a slightly stronger US CPI in August, up by 0.4% overall, lifted by energy, and 0.3% ex food and energy, lifted by a correction higher in lodging away from home. Before rounding we expect overall CPI to rise by 0.37% and ex food and energy CPI to rise by 0.26%. Despite a firmer monthly cor
August 28, 2026
August 27, 2026
ECB Account: Hard Not to Read Between the Lines on Sep
August 27, 2026 1:01 PM UTC
* Some members would not have opposed raising rates at the last meeting
* While decisions remained data-dependent, another rate hike would likely be necessary unless the inflation outlook improved significantly
* Market participants appeared to have a good understanding of the ECB’s reaction functio
August 26, 2026
U.S. July and revised Q2 Core PCE Prices on the firm side, Income and Spending also exceed expectations
August 26, 2026 1:37 PM UTC
While July’s core PCE price index came in at 0.2% as expected, before rounding the rise was 0.246%. Q2’s core PCE price index was revised up to 3.6% annualized from 3.4%, making the data a modest disappointment, which will sustain Fed inflationary worries, though is not quite enough to make a Se
August 25, 2026
Bessent’s Buybacks - bluster, bazooka or brittle bet?
August 25, 2026 3:57 PM UTC
* Bessent’s buybacks – bazooka or peashooter? It depends on whether it’s a slippery slope. On current proposed scale, possibly only absorbs around 10% or so of gross long end Treasury issuance on duration basis
* Mooted TGA use is not a free $1trn money pot, though it could provide some short-t