September 09, 2025
United States:
Economists Expect Another Tepid US Jobs Report, Supporting Rate Cut
Economists expect Friday’s employment report to extend the weakest stretch of US job growth since the pandemic, likely locking in a Federal Reserve interest-rate cut.
Nonfarm payrolls probably grew 75,000 in August, according to the median estimate in a Bloomberg survey of economists, which would mark a fourth straight month of job growth below 100,000. The unemployment rate is seen rising to 4.3% — the highest level since 2021.
Europe:
ECB Push to Simplify Bank Rules Prompts Fears of Capital Demands
German proposals to radically streamline the capital stacks of banks have become the most contentious issue in the ECB’s push to simplify the rulebook, with worries they could lead to new capital demands for some lenders and reduce harmonization across the euro zone.
While there is broad support for the idea of simplifying banks’ capital requirements, there’s little consensus on the route to achieve that, according to people familiar with the work of a group of ECB governors developing proposals to streamline banking regulation.
Asia:
BOJ Is Said to See Chance of Hike This Year Despite Politics
Bank of Japan officials are of the view that it may be possible to raise the benchmark interest rate again this year regardless of domestic political instability, as economic conditions have developed in line with expectations, according to people familiar with the matter.
The US-Japan trade deal has removed a key source of uncertainty, but the BOJ is likely to keep its rate unchanged at 0.5% when it next sets policy on Sept. 19, as officials are still assessing the economic impact of US tariffs both at home and abroad, according to the people. The bank’s policy board will also meet in October and December.
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