20 March 2024
Investors await the Federal Reserve's decision later today (around 01.00 AM on Thursday). Considering the latest US Inflation rate is still above the Fed's 2% target, the latest US economic projections suggest that there may not be as many as 3x Fed rate cuts as previously thought.
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19 March 2024
Sovereign bond yields moved up ahead of a number of central bank meetings this week, one of which may end the era of negative interest rates in Japan, and the other sets the path for US interest rates this year.
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18 March 2024
The dollar rose and was on track for its strongest week since mid-January, as U.S. inflation data has led to new hopes for interest rate cuts. Data on Friday showed U.S. import prices increased marginally in February as a surge in the cost of petroleum products was partially offset by modest gains elsewhere, suggesting a heating up inflation picture.
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15 March 2024
US PPI data turned out to be hotter than expected as gasoline and food costs increased, making investors rethink that the Federal Reserve may wait even longer to cut interest rates. Inflation at the US producer level rose 1.6% yoy in Feb (above expectations of 1.1% and the previous month's 1%) and 0.6% on a monthly basis, double the last reading of 0.3% in Jan.
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14 March 2024
The public has expected the Federal Reserve to hold interest rates in place at their meeting next week, market participants see a 65% chance that the first rate cut will occur in June, according to the CME FedWatch Tool survey.
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