Fed Traders See Pivot From Rate Hikes to Rate Cuts in Second Half By Bloomberg
(Bloomberg) — Traders in the interest rate swaps market have concluded after the Federal Reserve rate decision that policy direction is set for a deeper dovish pivot from the middle of this year. Swap contracts tied to this years Fed meetings show approximately 50 basis points of rate cuts are now firmly priced between the […]
SEC Fines Bloomberg $5M over Disclosure Failure on Fixed Income Prices
The US Securities and Exchange Commission (SEC Securities and Exchange Commission (SEC) The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, […]
Gold to Climb Above $2,000, Yamana's Marrone Says
Yamana Gold Executive Chair Peter Marrone discusses the outlook for gold prices with Alix Steel and Guy Johnson on “Bloomberg Markets: European Close.” Source link
Fed Chair Powell Tests Positive for Covid-19, Has Mild Symptoms By Bloomberg
© Bloomberg. Jerome Powell Photographer: Ting Shen/Bloomberg (Bloomberg) — Federal Reserve Board Chair Jerome Powell tested positive for Covid-19 and is experiencing mild symptoms. Powell, 69, received the positive test Wednesday and “is up to date with Covid-19 vaccines and boosters,” the Fed said in a statement, adding that he is working remotely while isolating […]
Goldman Sees Dollar’s Dominance Driving Further Gains Ahead By Bloomberg
(Bloomberg) — The dollar holds the crown as the world’s dominant currency and rivals have so far failed to unseat the greenback — making fresh rallies likely. That’s the thinking of Goldman Sachs (NYSE:) analyst Isabella Rosenberg who says signs of global growth have made European and Chinese assets more attractive in recent months, […]
China Deflation Pressure Worsens as Economy Slumps, Survey Shows By Bloomberg
(Bloomberg) — Deflationary pressure in China worsened in the fourth quarter as the economy slumped, with price-growth likely to be subdued even when the economy rebounds later this year, according to China Beige Book International. Companies recorded the weakest growth in wages and input costs in the final three months of 2022 since mid-2020, CBBI […]
Markets Are Wrong on Fed Rate Hikes, Morgan Stanley’s Caron Says By Bloomberg
© Bloomberg. An eagle sculpture stands on the facade of the Marriner S. Eccles Federal Reserve building in Washington, DC. Photographer: Andrew Harrer/Bloomberg (Bloomberg) — Markets aren’t prepared for how far US central bankers are willing to go to tame the hottest inflation in a generation, according to Morgan Stanley (NYSE:) Investment Management’s Jim Caron. […]