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US stock marketSingle source

Softer US inflation lowers traders’ bets on an October Fed rate hike

US inflation came in below expectations in August, reducing traders’ bets on a Federal Reserve rate hike as soon as October. LSEG data put the implied probability at about 35%, down from roughly 45%.

  • A below-forecast PCE reading reduced expectations of an October Fed rate hike.
  • The implied probability of an October hike fell from roughly 45% to about 35%.
1 sourceTrust: Single source
The Guardian Business
Central banksSingle source

Dutch central bank moves 86 tonnes of gold from US and Canada to London

The Dutch central bank has moved 86 tonnes of gold reserves from the US and Canada to London, citing increasing geopolitical unrest. London’s share of the Netherlands’ holdings rose to 32.1%, while New York and Ottawa each fell to 18.5%.

  • DNB moved 86 tonnes of gold from the US and Canada to London.
  • The operation took place between March and August this year.
1 sourceTrust: Single source
The Guardian Business