Fed’s Powell comments on US disinflation and interest rate hikes
US stock markets rallied on Tuesday after the US Federal Reserve (Fed) head Jerome Powell delivered a speech before the Economic Club of Washington. In other news, the US-China trade balance hit a record high in 2022 even as their diplomatic relations deteriorated. In the UK, the FTSE 100 share index is heading back towards […]
Fed’s Daly: The number was a “wow” number. The December Fed policy is a good indicator.
Fed’s Daly on FoxBusiness At the end of the day, nothing new. However, we do know that between yesterday and today, the Fed may not have a higher terminal rate, but they will also not stop tightening or reverse course for an extended time. The next meeting is on March 21. There will be another […]
The Fed’s Dovish Nudge Sends the US Dollar Tumbling
US Dollar (DXY) Price and Chart Analysis US Treasury yields slump post-FOMC meeting. Friday’s NFPs are the next obstacle for the bulls to negotiate. Recommended by Nick Cawley Introduction to Forex News Trading Most Read: US Dollar Latest: Weak Rebound Off the Multi-Month Low, Slowdown Fears Grow The chairman of the Federal Reserve, Jerome Powell, […]
US Dollar bears celebrate Fed’s dovishness
What you need to take care of on Thursday, February 2: The US Dollar plummeted following the US Federal Reserve’s monetary policy decision. The central bank decided to hike its benchmark rate by 25 basis points (bps) as widely anticipated by market players. The statement showed that policymakers changed the wording on inflation, noting that […]
USD/JPY slides below 130.00 as upbeat Tokyo CPI pleases BoJ hawks ahead of Fed’s preferred inflation
USD/JPY takes offers to refresh intraday low, fades bounce off weekly bottom. Firmer prints of Tokyo CPI for January renews hawkish concerns over BoJ and weigh on Yen prices. Mixed concerns surrounding Fed’s next move, hopes of BoJ’s hawkish turn also please USD/JPY bears. Fed’s preferred inflation gauge eyed for clear directions ahead of next […]
Dollar Tight Range to Be Tested by GDP and Fed’s Preferred Inflation Read
S&P 500, US Dollar, Earnings, BOC and FOMC Rate Decision Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 132.00 The S&P 500 continues to exhibit serious intraday volatility this past session with a sizable gap lower to undermine Monday’s breakout…only to fully retrace the move back into range We […]
Feds Waller to speak at the top of the hour
Fed Governor speaking for the first time since November The final Fed speaker will be speaking at the top of the hour. Federal Reserve Governor CHristopher Waller will be speaking. Waller – being a Governor – has a permanent vote on the FOMC board. He has last spoken back in November. So hearing his views […]
Feds Waller: Supports 25 basis point hikes. See’s encouraging signs of wage moderation
> Feds Waller: Supports 25 basis point hikes. See’s encouraging signs of wage moderation Favors a 25 basis point rate hike at the upcoming meeting and continued policy tightening beyond that We have made progress is still considerable way to go toward 2% inflation goal By early December that the policy stance was a slightly […]
More from the Feds Waller: Fed will have to keep rates high and not cut by year end
The Fed will have to keep rates high and not cut rates by the end of 2023 Market perception of terminal rate is not far from where we are Market expectations for rate cuts later this year is driven by optimism inflation will melt away The Fed does not expect inflation Inflation Inflation is defined […]
Forexlive Americas FX news wrap: Fed’s Waller gives the market a boost to end the week
There was little in the way of economic data today, but there was some final Fedspeak to end the week. It also would the last opportunity for Fed officials to speak ahead of their blackout period before the Fed meeting and decision on February. Fed’s George and Waller were both speaking. George is not a […]