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Fed Chair Jerome Powell has said that “pain” could be required to suppress high inflation, implying that the Fed is willing to accept a recession in order to cool inflation. This is why Wednesday’s interest rate hike is more like dancing on a tightrope with a potential risk of dragging …

On Tuesday, Democratic and Republican senators asked for imposing secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow’s invasion of Ukraine.The news adds momentum to the prevalent risk aversion and exerts downside pressure on the AUD/USD prices but fails …

WTI crude oil was under more pressure on Tuesday ahead of the decision by FOMC meeting that has already started on Tuesday. Traders are in anticipation of another rate hike of US interest rates to encounter high inflation. WTI was down by some 0.9% trading around $84.25 having fallen from …

Gold and silver prices are hesitantly lower in midday US session on Tuesday. Hawkish signals on monetary policies from the US central bank as well as other major central banks cast greyish shades on the stock and financial markets at the present moment.The hawkish tone with expectations of aggressive tightening …

The USD/CAD pair is advancing, bolstered by high US T-bond yields and the dollar’s performance. Canada’s CPI rose below forecasts but is still above the 7% threshold.US housing data was mixed, though higher mortgage rates would likely continue to deteriorate the housing market.The USD/CAD also rises to fresh two-year highs, …

US Treasury yields on Tuesday surpassed more than a decade highs on expectations that the Fed could announce a rate hike of between 75 and 100 points on Wednesday.The ten-year U.S. Treasury yields rose to 3.544 percent against Monday’s close of 3.493 percent.Yields on this type of sovereign securities fell …

Financial markets were quacked on Tuesday by Swedish central bank’s decision to raise rates by a full percentage point. The rate hike by the Riksbank was larger than analysts had expected, causing the Swedish krona to briefly spike against the Euro and Dollar. The krona practically failed to hold onto …

The US dollar rose on Tuesday, trading near a two-decade high, as investors’ focus shifted to expectation of another aggressive rate hike by the Fed amid a week that is full of major bank meetings.The Fed has already started its two-day meeting on Tuesday, with rate futures traders betting on …

Christine Lagarde, President of the European Central Bank said that policymakers will not let this phase of high inflation feed into economic behavior and create a lasting inflation problem.“If there were evidence that high inflation risked de-anchoring inflation expectations, then the policy rate that is compatible with our target would …

The key event this week will be Wednesday’s FOMC decision, but other major central banks will also have their monetary policy meetings, including the Bank of Japan, the Bank of England and the Swiss National Bank on Thursday. The SNB is expected to raise rates by 100 basis points above …