Fed’s Goolsbee says this is a ‘strange and unprecedented moment’ for U.S. economy
The U.S. economy is in a strange and unprecedented moment, according to Austan Goolsbee, the new president of the Chicago Federal Reserve Bank. In his first speech since taking office last month, Goolsbee said he had no doubt that the economy will face “bumps in the road.” He gave the speech at an event hosted […]
RBA raises interest rates, focus on Jerome Powell’s speech
The Reserve Bank of Australia (RBA) raised borrowing costs by 0.25%, in line with market analysts’ expectations. Economists suggest that Australia’s central bank is likely to follow up with another rate hike in March. Oil prices rose on Tuesday, helped by optimism over the recovery in demand from China, the largest crude importer in the […]
ECB Hike Rates by 50bps, EURUSD Looks Vulnerable
ECB Rate Decision Key Points: Recommended by Zain Vawda Get Your Free EUR Forecast The European Central Bank has raised interest rates by 50bps in line with expectations. The central bankexpects to raise rates further keeping them at levels that are sufficiently restrictive to ensure a timely return of inflation to its 2% medium-term target. […]
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 […]
ECB to Raise Rates, but Maybe Not As Much as Expected
Over the last several weeks, many ECB members have been making the case that rates need to go up. Not just that there needs to be at least a “double” hike at the coming meeting, but further hikes after that. Only Centeno intimated that the interest rate was getting near a level when hiking would […]
US Federal Reserve, ECB and BoE likely to raise interest rates
The attention of investors and traders will be drawn to the US Federal Reserve (Fed), European Central Bank (ECB) and Bank of England (BoE) monetary policy meetings scheduled for today and tomorrow. Market analysts suggest that the three central banks are likely to raise their benchmark interest rates in order to reduce inflationary pressures. On […]
USDCAD Offers a More Direct Contrast on Rates Post-Fed
USDCAD, Interest Rates and FOMC Rate Decision Talking Points: The Market Perspective: USDCAD Bullish Above 1.3200 The top event risk for Wednesday, and arguably the entire week, is the FOMC rate decision. Though, as much volatility as it can generate, trend development will be troubled There is plenty of additional US event risk after the […]
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 […]
High interest rates to hold back gold’s rally: Reuters poll
Reuters Note Analysts and traders have significantly raised their predictions for gold prices but expect high interest rates to keep a lid on rallies, a Reuters poll showed on Tuesday. The poll of 38 analysts and traders returned median forecasts for gold to average $1,825 an ounce in the first quarter of this year, $1,840 […]
BoC decides on interest rates, focus on US GDP Q4 2022 report
The Bank of Canada (BoC) interest rate decision will be in the spotlight later today, while investors and traders are eager to review the US Q4 2022 GDP preliminary report due to be published tomorrow. The Australian Bureau of Statistics (ABS) announced that CPI inflation hit a 32-year record high in the fourth quarter of […]