The IMF issued a negative report on the dollar and O'Neill reiterated the U.S.'s strong-dollar policy. The FOMC will convene on Tuesday and is expected to ease policy by 25 bp and possibly shift to a neutral bias. Consumer price pressures in the U.S. are softening and many cite nascent deflationary pressures. RPIX decreased on account of lower food prices and input prices registered their largest annual decline since June 1999. The Daily Telegraph said Brown has Treasury researching the five economic tests that would precede a national referendum on acceding Economic and Monetary Union.
Unemployment remains low and retail sales evidenced very strong final private demand.
Swiss retail sales were reported strong and this could decrease the likelihood of an easing before the 20 September SNB policy statement. Global Capital Investment's Weekly Highlights is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. Global Capital Investment assumes no responsibility or liability from gains or losses incurred by the information herein contained. All rights reserved.