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Week Ahead: Is the US Rate Adjustment Nearly Over? Be On Guard for Reversal Patterns
The combination of the stronger-than-expected US September jobs report and the slightly firmer inflation readings lifted US interest rates and the dollar. Several Fed officials spoke, and it did not appear that the employment or price reports changed views as much as it had impacted the capital markets. The September Summary of Economic Projections found a median projection (and 10 officials) that 50 bp of cuts in Q4 would be appropriate, but seven thought only one quarter-point cut. On the eve of the jobs report, the Fed funds futures had nearly 67 bp of easing priced in for the remainder of the year. It settled ... (full story)
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From bnnbloomberg.ca|Oct 12, 2024|1 commentThe US believes Israel has narrowed down potential targets for its response to Iran’s recent missile attack to military and energy infrastructure, NBC reported, citing US ...
From econbrowser.com|Oct 12, 2024Nowcasts for NY and St. Louis Feds out today; St. Louis up from 1.14% to 1.73% q/q AR. NY Fed, and GS tracking unchanged at 3.2%. chart Figure 1: GDP (bold black), Summary of ...
From youtube.com/cmegroup|Oct 12, 2024The yield on the 10-Year T-Note rose on Friday and closed near 4.07%. Todd Colvin discusses Treasury futures.
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From caixinglobal.com|Oct 12, 2024China’s finance ministry on Saturday announced policies for local governments to buy land and housing from property developers, and promised intensive support to help localities ...
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From efinancialcareers.com|Oct 12, 2024|2 commentsYesterday was world mental health day, a point of concern for many in finance exacerbated by a year of controversial deaths in the sector. For the occasion, Kevin Lee, CEO of ...