Analizować

FOMC Skips June, But Signals Hikes Not Done Yet

FOMC Skips June, But Signals Hikes Not Done Yet

FOMC unanimously decided not to raise rates at the current meeting. "Additional policy firming" may still be considered according to the Committee. Median dot for 2023 shifted up by 50 bps, indicating potential tightening by the end of 2023.
ACY Securities | 491 dni temu
ECB Adds To Recession Risk

ECB Adds To Recession Risk

The ECB raised rates by 25 points. With the Euro market reacting as if this were a surprise? The ECB had signalled clearly that it would continue to raise rates for some time. That it has more work to be do in the perceived fight against inflation.
ACY Securities | 491 dni temu
US dollar on course to fall for a third week

US dollar on course to fall for a third week

Asian equity markets rise on Chinese stimulus hopes. Bank of Japan keeps policy unchanged. Eurozone CPI expected to confirm fall in headline measure. US consumer sentiment survey likely to rebound slightly. Central bank speakers and ECB speakers scheduled. Euro maintains increase, pound supported by BoE hike expectations. Japanese yen weakens after BoJ decision.
Moneta Markets | 491 dni temu
Fed Pause + More Hikes + Wealth Gap

Fed Pause + More Hikes + Wealth Gap

Not what the market had been expecting. The market had been bizarrely fixated with fantasy pivot expectations? We have consistently pointed to stubborn inflation, the headline may be 4%, still too high, but core inflation is at a whopping 5.3% and services inflation may even accelerate.
ACY Securities | 492 dni temu
GBP looking healthy with GDP

GBP looking healthy with GDP

GDP recovers as retail recovers from March washout; UK GDP in April recorded a growth of 0.2% month-on-month (m/m), aligning with consensus expectations. This indicates a partial recovery, often referred to as a 'bounce back', from the weaker-than-anticipated growth of -0.3% m/m in March.
ACY Securities | 492 dni temu
Fed Funds 6% Anyone?

Fed Funds 6% Anyone?

The US Federal Reserve delivered precisely to our forecast script. Going on hold for just the moment, but emphatically emphasising there are more rate hikes to come.
ACY Securities | 492 dni temu
Market focus turns to the ECB

Market focus turns to the ECB

Asian equity markets are up due to China's rate cut hinting at stimulus measures. The US Fed kept rates steady, suggesting possible hikes this year. The ECB is expected to raise interest rates despite the Eurozone's recession and high inflation. The market is also partly expecting another ECB hike in July. Today's US data will be studied for clues on the Fed's policy pause duration.
Moneta Markets | 492 dni temu
US Inflation Half the Pace Is Not Good Enough

US Inflation Half the Pace Is Not Good Enough

The US just saw a major improvement in current inflation. Headline CPI has halved from the peak to now 4.0%. While the monthly rise was almost flat at just 0.1%. Both results were in fact better than the market had hoped for.
ACY Securities | 493 dni temu