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Apple warns memory chip crunch makes price rises unavoidable, Cook tells WSJ - investingLive

Apple warns memory chip crunch makes price rises unavoidable, Cook tells WSJ investingLive

PBOC sets USD/ CNY reference rate for today at 6.8130 (vs. estimate at 6.7752)

The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on the process. Injects 248bn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%. This article was written by Eamonn Sheridan at investinglive.com.

Analysts split on Fed path after June hold, with December hike odds near 50%

The divergence between a hold-all-year base case and a near-coin-flip December hike probability reflects the genuine uncertainty Warsh has introduced by removing forward guidance. Without a Fed-provided path, each inflation and payrolls print now carries more weight, and the rang

CITIC Securities sees Fed on hold all year as Warsh faces political & inflation crosswinds

CITIC's hold call pushes against the market's current lean toward an October hike, creating a divergence worth monitoring as the US-Iran MOU beds in and energy-driven inflation pressure eases. If the geopolitical premium in oil continues to unwind, the inflation case for hiking w

PBOC is expected to set the USD/CNY reference rate at 6.7752 – Reuters estimate

The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under whic

Brazil central bank cuts rates but warns fiscal stimulus may blunt monetary policy

The unanimous cut was fully priced and the BRL reaction will hinge on the tone around future easing rather than the decision itself. The explicit flagging of fiscal stimulus as an inflation upside risk is a hawkish signal that limits how far Copom can ease ahead of October's elec