-
Week Ahead: Can the US CPI Do What Payrolls Didn't and Persuade the Market that the Fed Will Deliver a 50 bp Cut ?
After the US jobs report and Fed speak, the market scaled back the odds of a 50 bp cut at the September 17-18 FOMC meeting. It settled last week slightly below a 30% chance. The odds were shaved for the second consecutive week. Fed officials have indicated that the full employment mandate is now of greater significance given its growing confidence that inflation is heading back toward its 2% target. Next week's August CPI and PPI are likely to be consistent with that narrative. Ahead of the weekend, the two-year yield posted its lowest settlement since September 2022 (~3.65%). The 10-year yield settled near 3.71%, ... (full story)
- Comments
- Subscribe
-
- Older Stories
From cnbc.com|Sep 7, 2024|13 commentsTreasury Secretary Janet Yellen sought to reassure the public on Saturday that the U.S. economy remains strong, despite a string of weak job reports that have rattled investors ...
From globalnews.ca|Sep 7, 2024Some long-unaffordable pockets of Canada’s housing market could open up to first-time homebuyers this fall as interest rates decline but experts expect prices will hold relatively ...
From cnbc.com|Sep 7, 2024|1 commentCharles Coristine used to revel in working at Morgan Stanley. He loved the pace, even waking up in the middle of the night to trade in the Tokyo and London stock markets. In 2011, ...
-
- Newer Stories
From dailyforex.com|Sep 8, 2024The EUR/USD produced fast and wicked trading results as whipsaw price action developed before going into the weekend as financial institutions were hit by nervous behavioral ...
From dailyforex.com|Sep 8, 2024Last week, I made no weekly forecast, as there was no large group of currency crosses with unusually large directional movement, which is the basis of my weekly trading strategy. ...
From brecorder.com|Sep 8, 2024French far-right leader Marine Le Pen on Sunday urged President Emmanuel Macron to hold a referendum on key issues such as immigration, suggesting that giving the French a direct ...