SocGen's Overnight Economic News Summary
BY MT Newswires | TREASURY | 09/23/25 05:55 AM EDT05:55 AM EDT, 09/23/2025 (MT Newswires) -- Societe Generale in its early Tuesday economic news summary pointed out:
-- US dollar (USD) mixed, United States Treasury yields extend rebound, 2s up against 3.60% trendline, break opens 3.70%, 2s/10s flattens to 54bps.
-- Fed speakers sow doubts over two additional cuts this year, citing inflation. Musalem: limited room for further rate cuts amid elevated inflation. Bostic: only one rate cut in 2025. Hammack: caution on rate cuts, echoes Musalem on inflation. Miran: support aggressive rate cuts, neutral rate pushed lower by tariffs, immigration restrictions and tax policy.
-- Day ahead: Federal Reserve Chair Powell speaks on the economic outlook, Sweden's Riksbank cuts 25bps. Hungary's central bank (MNB) is forecast to stay on hold. Fed speakers Bowman, Bostic. U.S. 2Q current account. PMIs for eurozone area, the United Kingdom and U.S. European Central Bank speakers Muller, Kocher and Cipollone. Bank of England's Pill.
--Nikkei +1%, EUR 10-year IRS unchanged at 2.70%, Brent crude -0.5% at $66.3/barrel, Gold -0.1% at $3,742/oz.
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