• September 28, 2024

Key U.S. Economic Events to Watch Next Week

According to BlockBeats, several significant economic events are scheduled for next week in the United States, which could provide crucial insights into the country's economic health. Here are the key events to watch for:On Tuesday at 01:00 UTC+8, Federal Reserve Chairman Jerome Powell will deliver a speech at the National Association for Business Economics. Later that day, at 22:00 UTC+8, the ISM Manufacturing PMI for September will be released. At 23:00 UTC+8, 2024 FOMC voting member and Atlanta Fed President Raphael Bostic, along with Federal Reserve Governor Lisa Cook, will co-host a meeting.On Wednesday at 06:15 UTC+8, Bostic, Richmond Fed President Thomas Barkin, and 2025 FOMC voting member Susan Collins will participate in a panel discussion. At 20:15 UTC+8, the ADP employment numbers for September will be announced. Following this, at 21:00 UTC+8, Cleveland Fed President Loretta Mester, a 2024 FOMC voting member, will give a speech. At 22:05 UTC+8, St. Louis Fed President James Bullard, a 2025 FOMC voting member, will deliver opening remarks at an event. At 23:00 UTC+8, Federal Reserve Governor Michelle Bowman will also speak.On Thursday at 20:30 UTC+8, the initial jobless claims for the week ending September 28 will be released. Later, at 22:40 UTC+8, Minneapolis Fed President Neel Kashkari and Atlanta Fed President Raphael Bostic will engage in a fireside chat on inclusive economics.On Friday at 20:30 UTC+8, the non-farm payrolls for September will be published, followed by the unemployment rate for September. At 21:00 UTC+8, New York Fed President John Williams, a permanent FOMC voting member, will deliver opening remarks at a New York Fed event.

  • September 27, 2024

Yen Rallies After Japan Gets New Leader Who Favors Raising Interest Rates

Japanese stock futures slid, while the yen rallied, after Shigeru Ishiba was elected leader of the ruling Liberal Democratic Party. The former defense minister has voiced support for the Bank of Japan’s move to gradually raise interest rates. The 67-year-old narrowly beat Sanae Takaichi, who opposed the Bank of Japan's recent rate hike and favors Abenomics-style policies—the combination of monetary easing and large fiscal stimulus championed by late Prime Minister Shinzo Abe.