Waller breaks down a wall and other technical walls are also broken. What next in Forex?
Fed’s Waller was the last Fed official to speak before the blackout period for the Fed ahead of their interest rate decision. In his question and answer he broke down a wall that other Fed officials have been reluctant to do and it led to some added optimism in the US stock market to close […]
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 […]
Stocks extended gains as Waller comments are less hawkish than feared
<p>The major stock indices are moving higher led by the NASDAQ which is up nearly 2% as Feds Waller's comments are less hawkish than a feared.</p><ul><li>Dow Industrial Average is up 155 points or 0.47% at 33199.71</li><li>S&P is up 48.24. or 1.24 percent at 3947.01</li><li>NASDAQ index is up 213.41 points or 1.96% at 11065.32</li></ul><p>The NASDAQ index […]
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 […]