The ISM services survey highlights the challenges for the Fed in the coming months, with the activity and employment indicators weakening even as the prices paid index rose to a new cyclical high.

With underlying inflation within striking distance of the midpoint of the RBA’s 2-3% target, the Board should have no qualms about cutting rates by 25bp at its meeting next Tuesday. Although the Bank...

The larger-than-expected fall in Turkish inflation in July, to 33.5% y/y, will encourage the central bank to continue its easing cycle next month.

The downside surprise to payrolls in July and significant downward revisions to May and June have left markets convinced that the Fed will cut in September, which is looking more likely but isn’t a...