Bank of Korea governor said South Korean government bond yields are declining, which can be interpreted as the market reacting positively to Thursday's interest-rate decision.

U.S. PCE price index, the Fed’s preferred gauge, rose 3.7% YoY in July, unchanged from June and marking a 65th consecutive month above the Fed’s 2% target; consensus was 3.6%. The PCE rose 0.2% MoM in July, above expectations; June was revised to -0.1% MoM, the weakest reading since April 2020. Escalation in the Iran conflict has stalled the post-spike pullback in inflation and may intensify Fed debate over further hikes versus holding rates. The BEA left Q2 real GDP annualized growth at 1.5%. Separately, U.S.-Canada trade talks broke down on Friday, raising the risk of tariff-driven upside to near-term inflation.

日本央行副行長冰見野良三：穩定基礎通脹在約2%的水平至關重要。