Euro Drifting ahead of ECB Meeting
The euro is showing limited movement on Thursday, ahead of the ECB rate meeting. In […]
Aussie Hits 8-month High after Fed Meet
After a sluggish start to the week, AUD/USD bounced back on Wednesday with gains of […]
Euro/ECB About to Outhawk Both USD/Fed and GBP/BoE
Markets The Fed unanimously decided to raise its policy rate by 25 bps to 4.5%-4.75%, […]
One Phrase Is All It Takes
‘It is gratifying to see the disinflationary process now getting underway’ said the Federal Reserve […]
Tighter Monetary Policy – Lower Bond Yields
Market movers today While markets found Powell’s comments to be on the dovish side yesterday, […]
An End to the Tightening Cycle is on the FOMC’s Horizon
While rates are likely to remain at peak to end-2023 to guard against inflation risks, […]
FOMC Hikes Rates and Signals Yet More to Come
Summary As universally expected, the FOMC raised its target range for the federal funds rate […]
FOMC Meeting Recap: Powell Not Hawkish Enough, Traders Price in 50bps of Cuts by EOY
Today’s Fed meeting was always going to be more about what Jerome Powell and Company […]
FOMC Hikes Policy Rate by 25 Basis Points, Signals More to Come
The Federal Reserve Open Market Committee (FOMC) lifted the federal funds rate to the 4.5% […]
Big Miss for ADP Employment Change; Weather Cited
The ADP Employment Change showed that the US economy added 106,000 private sector jobs in […]
ISM Shows U.S. Manufacturing Sector Contracted for a Third Month in a Row
The January ISM manufacturing index registered 47.4, slightly below expectations calling for a 48.0 print. […]
How Important Will Friday’s NFP Report Be for the Dollar?
The first US nonfarm payrolls report for 2023 will be published on Friday at 13:30 […]