ING Economic and Financial Analysis

Another soft jobs report is intensifying calls for meaningful Federal Reserve interest rate cuts. Consumers are already worried about squeezed spending power from tariffs and are now increasingly...

The US inflation report next week - the last key data point before the next Federal Reserve meeting on 17 September - should be no barrier to a rate cut. In Central and Eastern Europe, inflation...

Unofficial jobs reports (ADP, JOLTS, Challenger) have all pointed to a deterioration in line with rising Fed concerns. The focus for today’s jobs report will be split between the headline August...

Yesterday’s JOLTS data indicated further cooling in the jobs market, and, based on Christopher Waller’s hints, we should see a soft ADP report today. We aren’t convinced markets are...

Today has seen more evidence that the US jobs market is cooling markedly with vacancies dropping sharply and the quits rate pointing to wage growth slowing to 3%. With little inflation pressure coming...

In the US, the Beige Book is quite the sobering read - littered with tariff risk talk and at best flattish activity. Shaping up to be quite the week, with the pivotal upcoming payrolls to cap it off....

US Dollar shorts have been trimmed as global long-dated bonds have faced pressure this week. But we don’t see this overshadowing the data and Fed drivers for the dollar, and the move may be...

Lots of talk of tariff “uncertainty” through Tuesday. There is no uncertainty. Tariffs remain and will remain. Rather upward pressure on longer-dated yields has become a global thing. And...

Inflation in the eurozone ticked up from 2% to 2.1% in August on the back of slowing energy price declines. Core inflation remained unchanged at 2.3%, confirming a rather stable inflation climate...

We don’t think markets should dismiss another European Central Bank rate cut as eurozone inflation starts to drift below target. At the same time, the prospect of recovering growth –...

The US dollar has found a little support at the start of the week. Chinese authorities have now turned to fixing USD/CNY a little higher, which removes one of the dollar’s negative impulses from...

This weekend’s OPEC+ meeting is set to be a non-event, with the group expected to keep oil output levels unchangedEnergy – Attention Set to Turn to OPEC+ICE Brent edged higher yesterday,...

Falling unemployment suggests that the eurozone economy remains resilient in the face of global uncertainty. Modest economic growth seems realistic for the coming quarters, as the strong labour market...

After today's Labor Day holiday, this week's US calendar is packed with labour market data, culminating in Friday's August jobs report. Elsewhere, investors don't quite know what to make of an...

Oil prices settled lower on Friday, and remain under pressure in early morning trading today, despite France and Germany pushing for secondary sanctions on Russian energy buyersEnergy –...

The rain has arrived and nature is gearing up for winter. The birds are migrating, the squirrels are stockpiling, and London’s finance bros are back in their Patagonia gilets. So as the daylight...