Global Economic Outlook: Rates Hike a Certainty?

International markets are uneasily relaxed today, as investors and speculators position for a September Fed rates hike. Chinese Yuan devaluation surprised markets last week and may have a subtle influence on that hoped-for September outcome.

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Economic Indicators

World Indexes and Forex Rates





In the Calendar This Week

Mon 17 August
Japan Prelim GDP q/q (actual: -0.4% expected: -0.5% previous: 1.0%)

Tue 18 August
UK CPI y/y (expected: 0.0% previous: 0.0%)
US Building Permits (expected: 1.21M previous: 1.34M)

Wed 19 August
US Core CPI m/m (expected: 0.2% previous: 0.2%)
US FOMC Meeting Minutes

Thu 20 August
Japan BOJ Press Conference
US Unemployment Claims (expected: 272K previous: 274K)

Fri 21 August
China Caixin Flash Manufacturing PMI (previous: 47.8)
Germany Flash Manufacturing PMI (previous: 51.8)
Canada Core CPI m/m (previous: 0.0%)

Making The News

Today’s GEO considers market expectations of a Fed rates hike in September and what Yuan devaluation may mean for this widely anticipated event. August’s remaining US employment figures

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