US rates focus

US rates focus

From blog.hycmlab.com

This week was all about a further jump in expectations of higher US interest rates. However, the drop in the US ISM Manufacturing print was a firm reminder that the peak for US rates may not be too far away now. Furthermore, the drop in US confidence is a sign that the US consumer is growing more cautious in its future expectations, but the main mood of the market this week was that a higher peak may be needed from the Fed in the near term. This was compounded by hotter Eurozone inflation which may keep central banks around the world higher for longer. The week will be rounded off on Friday by the anticipated US ISM ... (full story)

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Mar 3, 2023 5:49am

Gold prices often rise when the US economy is facing uncertain times. This is because gold is seen as a safe-haven asset that investors can turn to in times of economic uncertainty. When the US unemployment rate rises, it can signal that the economy is slowing down, making gold an attractive investment for those looking for stability. Additionally, when the US dollar weakens, it increases the demand for gold due to its status as a global currency. As a result, gold prices tend to increase when there is instability in the US economy.