6 February 2023
After the US Labor Department reported the economy added 517,000 jobs in January (almost three times what was expected), making investors recalibrate expectations over how hawkish the Fed may need to be in its efforts to rein in inflation as markets will be closely watching an appearance by Fed Chair Jerome Powell on Tuesday.
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3 February 2023
The dollar falls to a nine-month low and Treasury yields ease after the Federal Reserve signals the end is near for the current rate hiking cycle, after raising the benchmark interest rate by 25 bps to 4.50%-4.75%.
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2 February 2023
Federal Reserve chair Jerome Powell set a 25 bps benchmark rate hike, bringing the FFR to a range of 4.5%-4.75%, the highest level since 2007. The Fed also acknowledged that inflation was starting to ease and disinflation had started to happen but still emphasized that the interest rate be increased further and remain elevated at least through 2023 (between 5%-5.25% as per December projections); without derailing the "modest" economic growth and "robust" job gains.
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1 February 2023
The investors are assessing the release of macroeconomic data and earnings report ahead of a run of FOMC Meeting announcements this Wednesday, which is widely expected to raise interest rates by 25 basis points (bps); while interest rate announcements from the Bank of England and the European Central Bank are scheduled for Thursday, with both seen as likely to hike rates by 50 basis points.
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31 January 2023
US Treasury yields rose for a third consecutive session, it gained 2.6 bps to 3.544% (from 3.518 las Friday) ahead of central bank monetary policy announcement and a number of important macroeconomic data from various parts of thr world, such as: the continental Europe (Eurozone 4Q22 figures, CPI and Unemployment Change of French & German), China (Jan. Manufacturing PMI), US (Jan. Consumer Confidence).
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