Thursday, January 13, 2022

Continuing Market Reverberations from FOMC Minutes

FOMC minutes released yesterday afternoon, which served notice that the federal funds rate is likely to rise further in 2022 than implied earlier and that central bank balance sheet reduction will commence sooner too, have  helped allay concerns that monetary officials are treating the threat of inflation too lightly. Given this change, investors on the […]

* This article was originally published here

Wednesday, January 12, 2022

Awaiting FOMC Minutes and Digesting More Purchasing Manager Surveys Taken Last Month

FOMC Minutes from the December policy meeting, due at 14:00 EST (19:00 GMT) will be combed for further clarity about bond purchase tapering, Fed balance sheet management, the timing of an initial hike of the federal funds rate target, and how aggressively the rate might be raised thereafter. With this big event just hours away, […]

* This article was originally published here

Tuesday, January 11, 2022

Pound US Dollar Exchange Rate News: GBP/USD Slips as Covid-19 Cases Surge

GBP/USD Falls as Covid-19 Cases Rocket The Pound to US Dollar (GBP/USD) exchange rate is dropping in the beginning of today’s session due to coronavirus cases reaching new record heights globally. At the time of writing, the GBP/USD exchange rate is trading at approximately $1.3458, down around 0.3% on the...

* This article was originally published here

Monday, January 10, 2022

Pound Australian Dollar Exchange Rate News: GBP/AUD Slumps amid Easing Coronavirus Concerns

GBP/AUD Drops as Coronavirus Anxieties Ease The Pound Australian Dollar (GBP/AUD) exchange rate is falling at the beginning of today’s session in response as easing Covid concerns fosters a risk-on mood. At the time of writing, the GBP/AUD exchange rate is trading at approximately AU$1.8873, down roughly by 0.2%....

* This article was originally published here

Sunday, January 9, 2022

Case Keeps Rising for Early Rise in Fed’s Interest Rate

The case is growing for an FOMC rate hike in March. From a monetary policy standpoint, Fed officials are expected to pay more attention to faster-than-expected wage growth and lower-than-forecast unemployment last month than to December’s 199k rise in jobs, which was only half as much as predicted. For one thing, employment growth in October-November […]

* This article was originally published here

Saturday, January 8, 2022

Next Week’s Menu: January 1 – 7, 2022

Central Banks: Central bank activity gets off to a slow start. There’s a policy review at the Bank of Israel and FOMC minutes from the last 2021 review of Fed policy will be published. Holidays and Events: While the bulk of market closures for the New Year’s Holiday are slated tomorrow (December 31), some markets […]

* This article was originally published here