On August 28, Fed Chair Waller stated that the role of forward guidance should be limited. Market participants should focus on real information in the economy and avoid formulating forward-looking policies based on outdated or inaccurate data.

On August 28, Federal Reserve Chair Waller stated that the role of forward guidance should be limited. Market participants should focus on real information in the economy and avoid formulating forward-looking policies based on outdated or inaccurate data.

Market pricing shows that the probability of a Federal Reserve rate hike in September is now estimated to be around 50%.

Market pricing shows that the probability of a Federal Reserve rate hike in September is now estimated to be around 50%.

As of March, the employment growth in the United States has been more moderate than previously reported, highlighting a downward trend in the labor market. This has prompted the Federal Reserve to consider interest rate cuts in 2025 despite ongoing inflation. According to preliminary benchmark revision data released by the U.S. Bureau of Labor Statistics on Friday, non-farm payrolls may be revised down by 79,000, a decrease of 0.1%. Final data will be published early next year.

As of August 28, the job growth in the United States for the year ending in March has been revised to be more moderate than previously reported, highlighting a downward trend in the labor market. This has led the Federal Reserve to consider interest rate cuts in 2025 despite ongoing inflation. According to preliminary benchmark revision data released by the U.S. Bureau of Labor Statistics on Friday, non-farm payrolls may be adjusted down by 79,000, a decrease of 0.1%. Final data will be published early next year.

On August 28, Federal Reserve Chair Waller warned that inflation has not shown meaningful signs of slowing down and stated that policymakers must be confident that inflation is moving in the right direction; otherwise, the central bank "has work to do." Waller reiterated that the Fed aims to bring the inflation rate back to the 2% target, describing it as a clear and fixed goal. He said, "My standard is that we must be confident that underlying inflation is moving toward our target, and the pace must be sufficiently clear and fast. Otherwise, we have work to do. That is our responsibility." Waller also noted that current financial conditions are not restrictive, and interest rates are the "primary tool" for the Fed to fulfill its duties.

On August 28, Federal Reserve Chairman Walsh warned that inflation has not shown meaningful signs of slowing and stated that policymakers must be confident that inflation is moving in the right direction; otherwise, the central bank "has work to do." Walsh reiterated that the Fed aims to bring the inflation rate back to its 2% target, describing it as a clear and fixed goal. He said, "My standard is that we must be certain that underlying inflation is moving towards our target, and the pace must be sufficiently clear and fast. Otherwise, we have work to do. That is our responsibility." Walsh also noted that current financial conditions are not restrictive, and interest rates are the "primary tool" for the Fed to fulfill its responsibilities.

On August 28, The Wall Street Journal reported that Chevron (CVX.US) and other U.S. energy companies are close to finalizing an agreement to invest billions of dollars in Venezuelan oil fields. This development could yield results for President Trump after months of slow negotiations. Sources indicate that Chevron is nearing a deal to expand its long-standing operations in the Latin American country and may include two additional heavy oil fields in Venezuela in its portfolio. Currently, Chevron has three joint ventures with Venezuela's state-owned oil company, PdVSA, and is the only major U.S. company operating in Venezuela. Additionally, one of the largest oilfield service companies in the U.S., Halliburton (HAL.N), is also in negotiations to introduce its full suite of equipment to Venezuela to provide services to local oil producers.

On August 28, The Wall Street Journal reported that Chevron (CVX.US) and other American energy companies are close to reaching an agreement to invest billions of dollars in Venezuelan oil fields. This would provide President Trump with a potential achievement after months of slow negotiations. Sources revealed that Chevron is nearing an agreement to expand its long-standing operations in the Latin American country and may include two additional heavy oil fields in Venezuela into its portfolio. Currently, Chevron has three joint ventures with Venezuela's state oil company, PdVSA, and is the only large U.S. company operating in Venezuela. Sources also indicated that Halliburton (HAL.N), one of the largest oilfield services companies in the U.S., is in negotiations to introduce its full suite of equipment into Venezuela to provide services to local oil producers.