Australian dollar jumped higher after the Reserve Bank of Australia +25bp rate hike
<p>The post on the Reserve Bank of Australia policy decision is here:</p><p class="article-slot__title title top"><a href="https://www.forexlive.com/centralbank/australia-rba-raises-the-cash-rate-by-25bp-to-335-as-expected-20230207/" rel="follow" target="_self" class="article-link">Australia – RBA raises the cash rate by +25bp to 3.35%, as expected</a></p><p>The statement from Reserve Bank of Australia Governor Lowe sounded a hawkish note, stating cleary the Board expects further rate hike increases (i.e. more than […]
FOMC responses – inflation still high, more +25bp hikes ahead,
A couple of analyst snippets in response to Wednessday’s Federal Open Market Committee (FOMC) and Powell. BMO: there are more tightening moves to be realized this cycle still too soon to look for the Fed to shift to an on-hold stance inflation … eased somewhat, but remains elevated the phrase “pace of future increases” transitioned […]
ICYMI – Citi drops its call for 50bp at the Fed Jan/Feb meeting, now projecting +25bp
The consensus has shifted to a 25bp interest rate hike at the January 31/February 1 Federal Open Market Committee (FOMC) meeting. Earlier today I had this reflecting the ratchet downward: Citi (client note via CNBC, this report is not fresh, posting as a catch-up): “We are changing our call for the February FOMC meeting from […]
WSJ Fed insider says its Open Market Committee (FOMC) preparing a 25bp rate hike next week
A weekend piece from Nick Timiraos in the Wall Street Journal. Says Federal Reserve officials are preparing to slow down from a 50bp rate hike in December to 25bp this time around (the meeting is January 31/February 1). And that further debate at the Federal Open Market Committee (FOMC) will centre on when to ‘paude’ […]