The Japanese Yen has done something close to remarkable and been punished for it anyway. The Bank of Japan (BoJ) lifted its policy rate to one percent last month, its first meaningful tightening in a generation, yet USD/JPY has spent the days since grinding to fresh multi-decade highs above the…
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Michael Wan at MUFG reports that China’s manufacturing and non-manufacturing PMI data surprised on the upside, easing fears of imminent policy easing. He notes that a recent PBOC overnight reverse repo carried a lower-than-expected coupon, but argues that China’s operational monetary policy target will not immediately shift to the overnight rate, with the 7‑day reverse repo rate remaining the key gauge.Stronger PMIs temper easing fears”In Asia, China’s manufacturing and non-manufacturing PMI numbers came in somewhat…
President Donald Trump has decided not to extend the USMCA trade agreement and will instead…
The Pound Sterling (GBP) registers a 0.14% gain on Wednesday amid broad US Dollar (USD)…
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Palantir is back with another manifesto that makes its AI values crystal clear.On Tuesday, the company posted a 9-point post on X about the importance of “AI sovereignty.” The post urged companies to keep their data in-house, rather than outsourcing to institutions that Palantir paints as untrustworthy.The post also decries…
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Companies in the private sector added 98,000 jobs in June, payroll processing firm ADP said in its latest report on Wednesday. The figure is below economists’ estimates of a gain of 118,000 jobs and down from the prior month’s unrevised 122,000 payrolls figure.Which industries are hiring the most workers, according…
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Most boxed brownies call for a metal or glass baking pan, but there’s some room for variation.If you bake your brownie in a great cast-iron skillet, it’ll develop crispy edges and a gooey center that everyone can fight over.To make perfectly portioned, single-serving brownies, use a muffin pan. These are…
