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> ECB’s Lane: 4% rate will do quite a bit to bring inflation to 2% ECB’s Lane speaking on Yahoo finance interview ECB’s Lane 4% rate will do quite a bit to bring inflation to 2% ECB is still very data dependent expects rates to held sufficiently long at 4% Key wage data will not
Share: Further interest rate increases will likely be appropriate, with inflation still being too high, Federal Reserve Governor Michelle Bowman said on Friday, per Reuters. Key quotes “Fed policy will need to be held at a restrictive level for some time to return inflation to 2% ‘in a timely way.” “Continued risk of a
A second Fed governor is speaking. FOMC member Bowman is on the wires saying: Further interest rate increases likely appropriate with inflation “still too high.” Fed policy will need to be held at a restrictive level “for some time” to return inflation to 2% “in a timely way.” Continued risk of further increase in energy
Share: Gold price trades sideways as uncertainty about the interest rate outlook persists. The Fed kept interest rates unchanged but left doors open for further policy tightening. Unlike other G7 economies, the US remains resilient on the grounds of a strong labor market and upbeat consumer spending. Gold price (XAU/USD) struggles to find
Article written by Axel Rudolph, Senior Market Analyst at IG USD/JPY puts pressure on its 10-month high There is no stopping USD/JPY’s advance as the US dollar is on track for its tenth consecutive week of gains amid the Federal Reserve’s (Fed) hawkish pause while the Bank of Japan (BOJ) rigorously holds onto its dovish
The firm sees the BOE keeping the bank rate steady at 5.25% until year-end before starting to cut rates in May 2024. They see the bank rate falling to 4.00% by the end of next year. They now join the likes of Goldman Sachs, BNP Paribas, and Barclays in making a similar call. لینک منبع
Pre-QA comments from chair Powell: Fed is squarely focused on dual mandate Fed has covered a lot of ground, full of facts have yet to be felt We can proceed carefully Our decisions will be based on assessments of data and risks Growths in real GDP has come in above expectations Consumer spending particularly robust
US Dollar Scenarios Ahead of FOMC – Price Setups: The US dollar’s short-term uptrend remains intact ahead of the FOMC meeting. The Fed is highly likely to keep rates unchanged. The Statement of Economic Projection could be particular interest. How is the greenback likely to react? Recommended by Manish Jaradi Trading Forex News: The Strategy
Further de-risking took hold of Wall Street overnight, as the usual caution persisted in the lead-up to the Federal Open Market Committee (FOMC) meeting, albeit with some paring of losses into the latter half of the session. Treasury yields resumed their ascent to retest their multi-year highs, seemingly reflecting increased positioning for a hawkish-pause scenario
