⚠️ IEA SAYS CHINA IS LEADNG RAPID DECLINE IN GLOBAL OIL DEMAND GROWTH IN RECENT MONTHS; SEES CHINA DEMAND RISING ONLY 180,000 BPD IN 2024
**IEA LEAVES 2025 WORLD OIL DEMAND GROWTH FORECAST UNCHANGED AT 950,000 BPD
**IEA SAYS CURRENT TRENDS REINFORCE ITS EXPECTATION THAT GLOBAL
ECB Cuts Deposit Facility Rate By 25Bps To 3.50%, From 3.75%; As Expected
- Cuts Main Refinancing Rate By 60Bps To 3.65%
- Cuts Marginal Lending Facility By 60Bps To 3.90%
We cut our key interest rate by 0.25 percentage points.
We did this because inflation is gradually coming down and has been developing as we expected.
Read our monetary policy decisions ecb.europa.eu/press/pr/date/…
US PPI Final Demand (M/M) Aug: 0.2% (est 0.1%; prevR 0.0%)
- PPI Ex Food And Energy (M/M) Aug: 0.3% (est 0.2%; prevR -0.2%)
- PPI Final Demand (Y/Y) Aug: 1.7% (est 1.7%; prev 2.2%)
- PPI Ex Food And Energy (Y/Y) Aug: 2.4% (est 2.4%; prev 2.4%)
“My preference would be slightly toward starting with 50. And I still think there’s a reasonable chance that the FOMC might get there as well.”
パウエルの元上級顧問のこの発言をわざわざピックアップして、Xに投稿したということはそういうことだと思うけど、どうなんだろう🤔