Thursday, September 5, 2024

#finance - Fed Signals Softening Economy, Real Wages Boost BOJ Hike Case | The Opening Trade 09/05

5 September 2024

The latest Beige Book signals US economic activity has softened much more that recent data have suggested, setting the stage for the Fed to cut rates by 50 basis points at its September meeting. Strong Japanese wage data points toward a Bank of Japan hike in October. OPEC+ is close to agreement on delaying a planned increase in oil production after prices plunged amid fragile demand.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.

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