Tag Archives: inflation

The FOMC’s first meeting of the year is likely be a quieter affair than its December meeting, when the Committee accelerated its taper plans and outlined a more aggressive policy path for 2022. According to Wells Fargo, “there will not be a fresh Summary of Economic Projections, and we expect …

The Bank of Japan will announce its policy decision on Tuesday, January 18. The central bank is unanimously expected to keep its policy settings at the conclusion of its two-day meeting and as it gets closer to the release time, here are the expectations forecast by the economists and researchers …

US stocks ended mixed on Friday at the end of a volatile week, with investors and traders busy digesting a mixed set of bank earnings and a bigger-than-expected drop in U.S. retail sales. The S&P 500 and Nasdaq closed at the highs of the trading day. The Nasdaq fluctuated between …

Consumer Sentiment has recorded the second-lowest reading in a decade. The University of Michigan Consumer Sentiment Index has recorded a dip of 2.5% in early January 2022 from its level in December 2021, according to preliminary results released Friday.The MCSI now stands at its second-lowest level in a decade, the …

Federal Reserve Bank of San Francisco President Mary Daly said on Friday that the latest Omicron wave will extend the time period that inflation will remain high. Federal Reserve Bank of New York President John Williams said on Friday that he expects the Omicron wave to temporarily prolong and intensify …

Preliminary data on Friday, January 14 showed that the German economy grew by 2.7% in 2021 after another year of rising Covid-19 cases, pandemic-related restrictions, and supply chain stresses, in line with expectations. This comes after the eurozone’s largest economy contracted by 4.6% in 2020, the first year of full …

The market has stabilized, with the US dollar consolidating losses on Thursday. Risk appetite retreated, preventing the dollar index from falling further. Intraday gains of the American currency helped correct oversold conditions reached one day following Wednesday’s selloff.The Federal Reserve’s hawkish language was much assessed and digested in ahead of …

Gold futures edged lower on Thursday, with prices on track to post their first loss in five sessions, after a rise in the US producer price index reading for December came in below market expectations.It could be argued that the bullish case for gold is its reputation as an inflation …

Federal Reserve’s Christopher Waller said three hikes in 2022 are still a good baseline but he said if inflation stays high there could be four or even five hikes.Additional QuotesCould also allow the balance sheet to run off earlier.Doesn’t favour 50bps Fed hike in March.Could start shrinking Fed balance sheet …

Crude oil prices edged lower on Thursday as investors took profits after two days of gains amid fears of aggressive US interest rate hikes.Losses were cushioned by expectations of a strong economic recovery that will boost demand in a tightly supplied market. US West Texas Intermediate crude futures settled down …