Market Information Tuesday 3 October 2023

The Chair of the Federal Reserve Bank of Cleveland, Loretta Mester, does not rule out the possibility of the Federal Reserve raising interest rates one more time this year and then maintaining this level to bring inflation back to the targeted level of 2%. Mester made these remarks in a speech in Cleveland. In her speech, Mester expressed concerns about rising oil prices, which could impede lower inflation. The high gasoline prices strongly influence consumer price perception. With higher gasoline prices, there can be a perception that inflation is not yet under control.

Unemployment in the eurozone slightly decreased in August 2023, according to statistics agency Eurostat on Monday. Unemployment declined from 6.5% in July 2023 to 6.4% in August 2023. In August 2022, the unemployment rate was at 6.7%.

The U.S. manufacturing sector decreased much less than expected in September 2023, according to data from the Institute for Supply Management released on Monday. The purchasing managers’ index rose from 47.6 in August 2023 to 49.0. The market had expected an index reading of 48.0.

The 6M Euribor is unchanged at 4.13% compared to previous business day. The 10Y Swap increased with 8 basis points to 3.47% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.