The US consumer price index for July came in at 8.5%, better than the 8.7% expected last night. This, contradicting an earlier report indicating that the US labour market added 528,000 jobs in July, more than double of a Dow Jones estimate. So what are the reasons behind the discrepancies? What is the state of the US economy right now, and how will the US Federal Reserve move interest rates when officials meet in September?
On Market View, Prime Time's Finance Presenter Chua Tian Tian spoke with Aninda Mitra, Head of Asia Macro & Investment Strategy of BNY Mellon Investment Management for more.
Market View: Manulife US Reit on its exposure to US regional lenders; Privatisation offers for SGX-listed companies including Boustead Projects and GK Goh; Fed data shows bank customers shifting deposits from smaller banks to larger players; China’s anti-graft agency to inspect state-owned enterprises
Under the Radar: Beyond cameras and printers - Canon on diversification and weathering tech disruption and the rise in smartphone photography; Revenue in the digital cameras amounting to US$22.89b in 2023; Impact of online file transfer on Canon’s B2B printer business; Future plans and areas to diversify into