Money Minute – Wednesday 9 October

Money Minute – Wednesday 9 October


Good morning and welcome to Money Minute,
where we preview the day’s biggest financial stories. In the US latest today, the minutes from the
Federal Reserve’s most recent interest-rate setting meeting are released. As usual, the minutes will be picked over
in great detail. Small shifts in language, or in the forecasts of individual members,
can be made to seem extremely important by commentators and analysts. However, the reality is that they have been
superseded by events and probably have little relevance for the Fed’s next interest rate
decision at the end of this month. And looking ahead to early tomorrow morning,
we’ll get data on producer price inflation and on machinery orders from Japan. Producer prices – often described as “pipeline
inflation” – are still falling on an annual basis in Japan, and analysts expect that to
have continued in September. Data for machinery orders shows how much equipment
Japanese businesses have ordered. It gives an idea of how optimistic they are about future
demand. The data tends to be very volatile from one
month to another. However overall the figure has been trending higher. See you next time!

Leave a Reply

Your email address will not be published. Required fields are marked *