Tag Archives: interest rate hikes

The GBP is recording a slight gain on the day, bouncing off the low-1.31s. Bank of England (BoE) rates pricing are still too optimistic, which should drag cable down to the 1.30 level.Broader trends since last summer suggest weakness ahead. Markets could do with a decent amount of repricing of …

After peaking at $48,000 last week, Bitcoin tested the resistance level and moved sideways during the weekend’s trading. The cryptocurrency saw a weak correction simultaneously, while Ethereum made a faster recovery, testing the $3,500 area. Bitcoin tested $48,000, the end of the bullish range of its latest trend, and saw …

Though the latest Business Outlook Survey (BOS), released by the Bank of Canada once per quarter, was broadly interpreted as supporting the case for a faster pace of rate hikes from the BoC in the quarters ahead, its impact on the Canadian Dollar was limited. The USD/CAD pair was last …

The US dollar has reclaimed 99.00 on expectation of strong US Services PMI on Tuesday. A preliminary estimate for the US Services PMI is 58 against the prior print of 56.5. Nearly 80% of the US economy revolves around services, which heightens attention around the US ISM services PMI as …

The US economy gained 431000 jobs in March, on top of upward revisions and other upbeat data. There is nothing in the data suggesting that the Fed will refrain from a 50 bps rate hike. The US dollar is set to gain ground as traders take risks off the table …

Chicago Fed President and FOMC member Charles Evans on Friday said that raising interest rates to just under 2.5% by March 2023 gives the Fed “optionality”. It is not a big risk if that rate-hike path includes “some” 50 bps hikes to get to the neutral rate sooner.Monthly inflation reports …

The US Bureau of Labor Statistics (BLS) will release the March jobs report on Friday, April 1 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 4 major banks regarding the upcoming employment data.  CIBC “Employers likely …

Friday’s awaited report will be the final NFP data immediately before the next Fed meeting in early May, where traders are currently split between expecting a 25bps and a 50bps rate hike.It is like a problematic monetary policy riddle; how can a central bank raise interest rates, but be further …

While yield curve flattens, US ADP payrolls are expected at 438K in March, NFP at 475K. US yield curve is flattening, tolling the bells and ringing recession alarm amid 50-bps Fed’s rate hike bets next May.Fed Chair Powell believes the labour market is strong enough, recession seems unlikely, but could …

Philadelphia Fed President and FOMC member Patrick Harker said on Tuesday that interest rate hikes are to be “deliberate” and “methodical”. Inflation is “far higher than … we are comfortable with” Harker said, caveating that “there are some signs in the data, and in what we hear from our contacts, …