Share: Atlanta Federal Reserve President Raphael Bostic said on Friday that monetary policy is in the right place given the economic outlook. He added he may support holding interest rates steady for about 8 to ten months. In an interview with Bloomberg TV, Bostic mentioned that he does not see a recession ahead.
BoE’s Pill Hold decision reflected view some restrain on economy needed to be maintained There is still a need to bear down on inflation Balance of economic drivers has switched to supply side We can be less sanguine about idea of slowing demand will lead to inflation returning to market We have not really entertained
This week there have been some big shifts on the market’s thinking around the path of Fed policy. Given the market moves, it’s no surprise that’s in a dovish direction. At the start of the week, the Fed funds futures market was pricing in 74 bps of rate cuts by the end of 2024. That’s
© Reuters. India’s foreign exchange reserves saw a significant increase, despite a notable foreign investor pullout, ending the week of October 27 with a total of $586.111 billion, a surge of $2.579 billion according to the Reserve Bank of India (RBI). This considerable rise was largely attributed to the maturity and reversal of a $5
British Pound (GBP) Analysis and Charts A mildly hawkish BoE helps underpin GBP/USD Cable pushes back above 1.2200 For all market-moving economic data and events, see the DailyFX Calendar Recommended by Nick Cawley Get Your Free GBP Forecast The Bank of England (BoE) left the Bank Rate unchanged today at 5.25%, for the second meeting
US Dollar (DXY) News and Analysis Fed holds interest rates but nods to ever tightening conditions Are US treasuries signaling a peak in US interest rates? Markets turn to fundamental data to gauge the effect of restrictive policy The analysis in this article makes use of chart patterns and key support and resistance levels. For
© Reuters. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo By Samuel Indyk LONDON (Reuters) – The dollar fell broadly on Thursday, with risk-sensitive Asia-Pacific currencies leading gains as investors grew more convinced of a likely peak in U.S.
Gold price gains positive traction on Thursday amid sliding US bond yields and a weaker USD. Geopolitical tensions and China’s economic woes also contribute to the intraday positive move. A further rise in equity markets caps any meaningful upside for the safe-haven precious metal. Gold price (XAU/USD) attracts fresh buying on Thursday, albeit lacking a
Bank of England Preview Interest rates are expected to remain on hold as price pressures ease BoE may discuss a rethink of their QT process as the ‘term premium’ complicates the selling of longer-dater issuances Markets look to incoming economic data for clues on economic stress, GDP up next UK housing market squeeze and lowest
One of Japan’s top lenders, MUFG Bank (the banking arm of Mitsubishi UFJ) has said that it will lift the interest rate of its 5-year and 10-year yen deposits for the first time since 2011. The former will see a bump from 0.002% to 0.07% while the latter will see a jump from 0.002% to
