ECB’s Centeno: Inflation spike still regarded as temporary 0 (0)

Remarks by ECB policymaker, Mario Centeno
As much as policymakers are still trying to reassure that team ‚transitory‘ is right, persistent supply chain disruptions through to next year will continue to pose a big problem to the narrative or definition of what is supposed to be „temporary“.

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US MBA mortgage applications w.e. 24 September -1.1% vs +4.9% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 24 September 2021
–  +4.9%
– Market index 734.9 vs 742.7 prior
– Purchase index  vs 283.9 prior
After gains in the previous week, activity fell as higher rates took some wind out of the sails in the mortgage market. Both purchases and refinancing activity also fell by

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Heads up: Key central bank heads to speak later in the day 0 (0)

Powell, Lagarde, Bailey, and Kuroda will be participating in a policy panel together at the ECB forum on central banking
The panel discussion is scheduled to begin at 1545 GMT and last for about an hour but just be wary that the key topic for today’s session is the „structural change and the implications of climate

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Eurozone September final consumer confidence -4.0 vs -4.0 prelim 0 (0)

Latest data released by Eurostat – 29 September 2021
That said, the more pressing detail in the report is that on prices. Selling price expectations among manufacturers rose to 38.2 from 37.3 in August, setting a new record high in the survey while consumer inflation expectations rose to 33.1 from 31.1 in August – closing in

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Cable falls to lowest in ten weeks as pound weakens alongside firmer dollar 0 (0)

GBP/USD falls below 1.3600 for the first time since 21 July
Money markets have now moved to price in a BOE rate move to 0.50% in June next year as compared to August pricing last week. While that may seem supportive for the pound, the reasoning for such a hike in rates is less encouraging.

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