If bets on a Bank of Japan interest rate hike in March heat up, the yen could continue to potentially appreciate. Elias Haddad, senior market strategist at the bank
Federal Reserve Beige Book: Future Demand Expected to Be Stronger and Financial Conditions Easier] March 7, Federal Reserve Book of Economic Conditions shows that US economic activity increased slightly from early January to late February
as the data looks unlikely to change the outlook for a rate cut this summer. The annual rate of the core PCE price index fell to 2.8% in January from 2.9% in December.
UK Office of Maritime Trade Operations: has received reports of an incident 600 nautical miles east of Mogadishu, the capital of Somalia, and authorities are investigating.
Analysts at the bank predict a surplus of 500,000 barrels a day in the fourth quarter and predict Brent prices will fall to $75 a barrel by the end of the year.
Federal Reserve Beige Book: Ongoing shipping disruptions in the Red Sea and Panama Canal did not have a significant impact on businesses during the reporting period.
According to a Reuters survey: 72 out of 108 economists said the Federal Reserve would cut interest rates for the first time in June. 52 out of 108 economists said the Fed would cut interest rates by 75 basis points or less by 2024, and 26 said they would cut interest rates by
The yield on the benchmark 10-year U.S. Treasury note closed at 4.0885% and the yield on the 2-year U.S. Treasury note, which is most sensitive to the Fed's policy rate, closed at level of 4.5034%.
We suspect that may continue into the first quarter. So I think it's still difficult for the macroeconomy to move forward, the economy is certainly not strong, but it's basically close to what the Bank of Canada expected.
The Bank of England's first action is not expected to begin until August. Bank of America strategists recommend investors buy sterling against the dollar
Council of the European Union: The Council of the European Union has approved negotiating authority to extend the suspension of import tariffs and quotas on exports from Ukraine and Moldova to the EU
Gold's strong rise this month has led some analysts to conclude that big new buyers are entering the market, such as hedge funds that are making bold bets on the macroeconomic outlook. global tissue.
USD/JPY has dropped 40 points in the short term and is now at 149.44; Japan's Jiji news agency previously claimed that some participants may favor canceling the negative interest rate policy at the Bank of Japan's policy meeting in March.
Real policy interest rates have risen sharply and are expected to reach a record high in the first half of this year. The ECB wants to double down to ensure that inflation continues to trend towards 2.0%
immigrant workers and other groups, and increase employment for people with disabilities and others who have difficulty accessing employment assistance. We will improve measures to ensure flexible employment services by category and expand the occupational injury protection pilot
Morgan Stanley: Lowered its TTF natural gas price forecast for the second and third quarters of 2024 from $8.5 per million British thermal units to $8.0 and lowered its TTF natural gas price forecast for the quarter 4 from $10.50 per million British thermal units to $10.00.
According to related statements: The Portuguese President will hold consultations with political parties with seats in parliament to form a government from March 12 to 20.
What I'm really worried about is that right now the market and the Fed are being surprised by the ups and downs of inflation and ending up maintaining overly tight policies for too long.
Israeli army spokesman: After the army fired warning shots, several Palestinians approached the army, posing a "direct threat" and the army responded to some individuals.
when the cash outflow lasts for 10 months. However, capital flows continue to flow out of gold ETFs, which currently have little negative impact on gold price movements.
@bananavalles
The Reuters survey shows that most economists believe the Bank of Canada will cut interest rates in June. There is also concern that the rate cut may be deeper than anticipated.
@flyfish411
The article discusses the probabilities of different interest rate decisions, with an 81.2% chance of rates staying the same until May. There is a 18.3% chance of a 25 bps rate cut, and a 0.5% chance of a 50 bps rate cut.
@Swiiper3
Investors are starting to shift towards spot Bitcoin ETFs as seen in the net inflow data from last Friday. Despite Grayscale's GBTC trust showing a net inflow of $150 million, 10 other spot Bitcoin ETFs saw a combined net inflow of $323 million according to Farside data.
@lovebug1144
Bank of Japan member Junko Nakagawa highlighted positive wage negotiations last year and expected stronger results this year. However, she emphasized that timing to end negative interest rates is not solely determined by this factor.
@chipchippers11
Bank of Japan Governor Kazuo Ueda suggests tightening monetary policy by raising interest rates on excess reserves. This could help control inflation and stabilize the economy.
@LosPercha4
This article highlights the potential for interest rates to be reduced in the near future. It mentions how central banks buying gold has helped drive up gold prices. Investors may find this information useful for making decisions regarding their gold investments.
@sexy_jade005
The lack of new moderate rhetoric in the latest policy statement may be surprising. Despite this, the decision to keep interest rates unchanged shows the bank's cautious approach. - Avery Shenfeld, the bank's economist.
@MrAmazin43
The December dot chart indicates the possibility of the bank cutting interest rates multiple times this year. However, the difference between the two-cut and three-cut camps is minimal. Only a few factions have shifted their stance from cutting rates twice to three times.
@doribellgonzal1
The European Central Bank is confident that current interest rates will play a major role in boosting inflation to the target rate of 2%. This indicates that the ECB is optimistic about the effectiveness of its monetary policy in achieving its inflation target.
@bananavalles
The Federal Reserve Governor Bowman stated that they are open to increasing policy rates if there are signs of inflation progress slowing down or reversing. This indicates the Fed's readiness to take action to maintain economic stability in response to changing inflation trends.
@arl8eingtonheig
Powell indicated that the Fed may lower interest rates in the near future, but only if they are assured that inflation is on track to reach 2%.