海外研报

RATES & FOREX RESEARCH FOR CORPORATES

US 2Q GDP on Thursday, June PCE inflation on Friday. Euro and UK preliminary PMIs on Wednesday, Canada second rate cut in the balance. Hungary CB SG f/c no change, consensus -25bp. Turkey CBRT f/c on hold.

US July jobs report: Broad-based weakening risks steeper cuts

• A sizable deceleration in payrolls and the fourth consecutive increase in the unemployment rate (which triggered the Sahm Rule) point

US July CPI preview: Further easing

We expect US core CPI to extend its recent run of favorable prints with a 0.19% m/m gain in July (report released on 14 August). • We see risks as roughly balanced and pertaining to shelter, with

Consumer Checkpoint Facing hurdles or the high jump?

• Bank of America aggregated credit and debit card spending per household fell 0.4% year-over-year (YoY) in July, compared to a