15 June 2023
The Federal Reserve finally announced to hold the Fed Funds Rate at 5% - 5.25% but at the same time also gave hawkish signals that the benchmark rate could still rise another 50bps (or two more times) until the end of the year, towards a range of 5.5% - 5.75%.
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14 June 2023
US Inflation data (May) slipped to the lowest level in a year, boosting bets that the Federal Reserve will not raise interest rates later tonight (around 1 AM GMT on Thursday). The US Labor Department report showed the consumer price index (CPI) rose 0.1% mom in May, compared to 0.4% in April (an 11-month consecutive decline); while Core Inflation unchanged at 0.4% mom.
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13 June 2023
Most market participants' thoughts lately are hoping to see US Inflation figures (May) ease again despite Core Inflation likely remain unchanged. Traders see a 76% chance of the central bank holding rates at the 5%-5.25% range, pricing in a 71% chance of a rate hike in July, according to the CME Group Fedwatch tool.
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12 June 2023
Positive sentiment was evenly spread across regional markets, with US stocks registering yearto-date highs (mainly thanks to the help of Tech sector giants); fueled by bets the Federal Reserve will finally put the brakes on interest rate hikes.
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9 June 2023
US Treasury yields tumbled after data showing jobless claims jumped to 20-month highs stoked expectations for a Federal Reserve to pause the interest rates next week.
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