U.S. residential starts picked up significantly in August, balancing inventory levels with improving demand and also benefiting from lower borrowing costs.

The central bank's focus has shifted from "anti-inflation" to "job protection," and the logic of the market will change in the future.

According to the report, the NAHB Housing Market Index rose to 41 in September from 39 in August, higher than the 40 expected by analysts.

On September 18, most Asian markets maintained narrow fluctuations as investors kept a close eye on the upcoming Federal Reserve meeting, where the central bank is widely expected to cut interest rates.

Malaysia’s auto sales are closing in on ASEAN leader Indonesia, with the gap between the two regional markets narrowing to 8,000 units in the second quarter.

Data showed that the annual growth rate of the PCE price index in July was 2.5%, slightly lower than market expectations; the monthly growth rate was 0.2%, in line with market expectations.

The report showed that consumers’ assessments of the current labor market situation continued to weaken.

Bauer speaks next week, August non-farm payrolls data becomes key to rate cut!

As soon as the PPI data came out, the market's confidence in the September rate cut went further.

The number of new applications for unemployment benefits in the United States fell sharply, marking the biggest drop in a year and pointing to a recovery in the job market.

JPMorgan Chase CEO Jamie Dimon said he still believes there is a significant chance the U.S. faces a recession.

The specifics of the rate adjustment will depend on incoming economic data, but in any case it is important to avoid an excessive slowdown in the labor market into a recession.

Chicago Federal Reserve President Goolsbee stated that the Fed will respond to signs of economic weakness and hinted that current interest rates might be too tight.

The pace of expansion in the US services sector rebounded in July from a four-year low in June, thanks to gains in the new orders index and the hiring index.

Australia's hold this time is mainly due to fear of rebounding inflation.

The rate cut will alleviate the pressure on borrowers but will also reduce the income of savers, as the central bank's benchmark interest rate serves as the anchor for the interest rates of commercial banks.

According to the ADP report, new jobs were added in July, at the lowest level in six months and below market expectations, and annual employee payrolls increased at the lowest level since July 2021, according to the report.

No rate cut has yet arrived.

The U.S. Treasury market is expected to post its third consecutive monthly gain, reaching the longest duration of gains in three years.

According to Eurostat's preliminary estimates, annual inflation in the euro area rose to 2.6 per cent in July 2024, exceeding expectations of 2.5 per cent and indicating stronger than expected inflationary pressures.