FOMC Hikes Rates 25 bps As Expected, Leaves Open Further Hike Expectations
FOMC, Dollar, S&P 500, ECB and BOE Rate Decision Talking Points: The Federal Reserve hiked its benchmark rate 25bps to a range of 4.50 – 4.75 percent The US benchmark is higher than its principal global counterparts, but that advantage has been previously priced in In the policy statement that accompanied the decision, the group […]
FOMC, ECB, BoE to Hike Rates But Guidance Uncertain
It is a very busy week of central bank actions, data, and earnings. Commanding most of the attention, however, will be monetary policy decisions from the FOMC, ECB, and BoE. Rate hikes are universally expected, but that is where the similarities end. Differences in growth and inflation will lead to differing outcomes and guidance. The […]
Fed Expected to Hike, But Then What?
The overwhelming consensus is that the Fed will hike by another 25bps at the conclusion of its meeting tomorrow. With such strong agreement among traders and economists, it’s unlikely the rate decision itself will move the markets. That is, unless the Fed shocks everyone, including its own members, by not raising by a quarter percentage […]
BOE Expected to Hike Again This Week
The BOE will be meeting on Thursday in a fraught environment that could lead to some shake ups in the market. The UK economy is teetering on recession, which makes it difficult for the central bank to fight inflation. Consumer prices have been rising at over five times the target rate. The extraordinary circumstances have […]
Fed to hike 25bps; the bar is high to flip the status quo for USD – TD
TD Research discusses its expectations for next week’s FOMC policy meeting. “We expect a 25bp rate hike at next week’s FOMC meeting taking the Fed funds target range to 4.50%-4.75%, and raising the IOER and RRP rates to 4.65% and 4.55%, respectively. The move would be the second consecutive downshift in hiking pace by the […]
50bp hike next week has been well-communicated, focus will be on the path thereafter – Rabobank
The Federal Reserve, the Bank of England and the European Central Bank (ECB) will have their policy meetings next week. Market participants expect a 50 basis points rate hikes and to signal it will continue raising rates. Analysts at Rabobank, point out that a 50bp rate hike is all but a given for next week. […]
Fed set to deliver quarter-point rate hike along with ‘one last hawkish sting in the tail’
The Federal Reserve will downshift to a 25 basis point rise in its policy interest rate at their upcoming interest-rate meeting and will work overtime to make sure that the market doesn’t get the idea that rate increases are finished, economists said. “Despite the good news on inflation and being one step closer to done, […]
MUFG – bullish EUR, expecting +50bp ECB February rate hike, and most likely in March too
I posted earlier from MUFG: More from analysts at the bank, European Central Bank preview: We expect the ECB to deliver another 50bps hike at next week’s policy meeting and continue to signal that at least one more larger 50bps hike is likely at the March policy meeting. We only expect a slowdown in the […]
BoC’s 25bps Rate Hike Receives Dovish Reaction, Loonie on Offer
USD/CAD ANLAYSIS Expected 25bps increment leaves CAD floundering. 2023 peak rates priced in by money markets. Descending triangle still in play. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter USD/CAD FUNDAMENTAL BACKDROP Foundational Trading Knowledge Forex Fundamental Analysis Recommended by Warren […]
Westpac is forecasting a +50bp RBNZ rate hike in February
<p>WPAC forecasting a 50bp Reserve Bank of New Zealand rate hike at the February meeting (22nd)</p><p>(not RBA, WPAC tip +25bpfor RBA on February 7)</p><p>Follows the <a href="https://www.forexlive.com/terms/i/inflation/" class="terms__main-term" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa" target="_blank">inflation</a> data from NZ earlier today:</p><p class="article-slot__title title top"><a href="https://www.forexlive.com/news/new-zealand-q4-inflation-14-qq-expected-13-72-yy-expected-71-20230124/" rel="follow" target="_self" class="article-link">New Zealand Q4 inflation 1.4% q/q (expected 1.3%) 7.2% y/y (expected 7.1%)</a></p><p class="article-slot__title title […]