Morgan Stanley expect the Federal Reserve to pause at the March meeting – ‘disinflation’
At his press conference following the Federal Open Market Committee (FOMC) statement on Wednesday Federal Reserve System Chair Powell mentioned the “disinflation” word 13 times. After the December FOMC meeting, at his presser, Powell said that word, let me count, zero times. For those divining nuance from the words of a Fed Chair this is […]
Oil Majors: Pause or Beginning Of The End?
Oil Majors See Record Profits in 2022The explosion in profits for energy companies over 2022 was one of the key headlines in the equities space. In 2022 overall, leading US energy companies Exxon and chevron made a combined $100 billion in profit, recording their best years on record. Against this backdrop, both companies saw their […]
Market Update – January 26 – BOC Pause, TESLA Beat, USD at lows
Trading Leveraged Products is risky HK markets reopened today and rallied +2.15%, other Asian markets were softer following a weak handover form Wall Street (opened -1.6% but recovered to close flat) Gold remains at 9-mth highs and USD at 8-mth lows. The Dovish 25bp hike from the BOC hit the CAD (USDCAD hit 1.3430 from 1.3340); […]
Time to pause and assess whether policy is sufficiently restrictive
Following the Bank of Canada’s decision to raise the policy rate by 25 basis points to 4.5%, Bank of Canada (BoC) Governor Tiff Macklem delivers his remarks on the policy outlook and responds to questions. Key takeaways “Bank of Canada has raised rates rapidly, now it’s time to pause and assess whether monetary policy is sufficiently […]
An explicit signal of a pause will weaken CAD – MUFG
Later today, we have the Bank of Canada policy meeting. Economists at MUFG Bank do not expect a big reaction on the CAD unless the BoC explicitly signals a pause. Approaching terminal rate? “While we believe there is a good chance today’s 25 bps hike could be the last, we are less sure that the […]
Morgan Stanley on Fed pause: “a lot of money sitting around waiting to be put to work”
ICYMI – Morgan Stanley CEO James Gorman spoke on an earnings call Tuesday. “I’m highly confident that when the Fed pauses, deal activity and underwriting activity will go up. I would bet the year on that, in fact,” “We’re not of the view that we’re heading into a dark period. Whatever negativity in the world […]