September 01, 2025
United States:
Tame US Job Growth Expected in Approach to Fed Meeting
Employers in the US showed little enthusiasm to take on workers during August, and the unemployment rate probably ticked up to an almost four-year high, adding to evidence of a more subdued labor market.
Economists project about 75,000 jobs were added, based on the median of a Bloomberg survey, while the jobless rate is seen at 4.3%. Four straight months of sub-100,000 payrolls growth would mark the weakest such stretch since the onset of the pandemic in 2020.
Europe:
ECB’s Easing Cycle Is Most Probably Over, Dolenc Tells Delo
The European Central Bank is probably done with lowering borrowing costs, Primoz Dolenc, acting governor of Slovenia’s central bank, told the Delo newspaper.
The general consensus at the last Governing Council gathering in July was that the easing “cycle was over and that we could take a break,” Dolenc, who attends the meetings without voting rights, said in an interview published Monday.
Asia:
China’s Yuan Is ‘Incredibly Weak’ for Fair Trade, Setser Says
China should allow the yuan to strengthen against its key partners’ currencies and well beyond 7 per dollar to foster fair trade, according to Brad Setser, senior fellow at the Council on Foreign Relations.
The yuan is “incredibly weak” even as the People’s Bank of China recently nudged it higher, Setser, a former US Treasury official, said. It could rise about 15% on a trade-weighted basis to make up for its depreciation over the last few years, he said in an interview.
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