Market Update

Fed’s Raphael Bostic said, early Friday, he would be comfortable moving at 25 basis points if conversations with business leaders are consistent with slowing inflation. He said that the signs of slowing wage increases “also positive”.Data showing inflation slowed in December “was really welcome news” that may allow the U.S. …

One lesson traders and investors are urged to learn is that the bond market is often almost correct; particularly two-year Treasury note. Its direction is of high consideration for those who are interested in knowing about the direction of the Federal Reserve’s actions.   US Treasury yields fell on Thursday …

In 2022, leaks were spotted in the Nord Stream 1 and 2 pipelines, presumably caused by explosions that Sweden investigated to later conclude it was likely the result of serious sabotage, and now Russia is complaining that Sweden is hiding something and unwilling to share its investigation’s findings. Russia accused …

The combined crude oil output by OPEC+ group rose by 140,000 barrels per day (bpd) to 42.71 million bpd in December, but the cartel was still 1.8 million bpd below its target, according to the Platts survey by S&P Global Commodity Insights. Russia’s output was almost unchanged, while Nigeria saw …

Bank of England policymaker Catherine Mann said on Thursday that the underlying UK inflation dynamic looks pretty robust.”Households and firms see 4% inflation in the years ahead”, she said, adding that “you have a lot of different ways of looking at it. My reading is we’re not there yet”.Mann voted …

Thursday’s inflation reading in the United States accelerated bets and expectations that the Fed will manage a shift from 50 basis points rate hikes to 25 bps hikes. Despite the fact that inflation has clearly slowed earlier in 2022, there are doubt that the FOMC is ready to declare mission …

The Dow Jones Industrial Average advanced modestly on Thursday post the December’s consumer price data that came as expected, indicating cooling inflation in the United States.The 30-stock index gained 140 points, or 0.4%. The S&P 500 added 0.1%, while the Nasdaq Composite was little changed.Fed’s Susan Collins said in an …

The US Dollar tumbled immediately after CPI data, and trims losses after Wall Street opened. Inflation confirms the US economy’s slowdown,In a seemingly volatile session, the US dollar has sharply reversed during the last hour and turned positive across the board. The GBP/USD pair peaked after the US inflation data …

The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 6.5% on a yearly basis in December from 7.1% in November. This reading came in line with the market expectation. On a monthly basis, the CPI …

The yen received support on Thursday from expectations that the Bank of Japan will review the implications of its easy monetary policy, while the dollar held near a seven-month low against the euro ahead of US inflation data on Thursday. The Japanese yen rose 0.8 percent, to record a session …