The Bank of England Increased Rates for 5th Straight Time, Expects Further Rise in Inflation
The central bank delivered another 25 basis point interest rate hike, in order to bring down rampant inflation, which it sees rising to double-digits
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The central bank delivered another 25 basis point interest rate hike, in order to bring down rampant inflation, which it sees rising to double-digits
The US Federal Reserve hiked rates by 75 basis points, which is the biggest increase since 1994, catering to the aggressive market expectations after recent surge in inflation
This week FXCM senior market specialists Russ and Nik talk about inflation. First from the ECB's point of view and then moving to the US CPI miss on Friday. Market reactions were swift, which followed through to Monday. This Wednesday sees the Fed rate hike, and the market repricing from 50bps to 75bps had a large part to play in Monday's bloodbath. Thursday has the BoE hiking rates, with the…
The initial jobless claims missed the forecast. This is a concern given the current macroeconomic environment.
Given the tightening cycle, market participants turn their attention to tomorrow's CPI release to see if there are signs of moderation.
The European Central Bank (ECB) kept key interest rates unchanged as expected today, but pointed to rate lift-off in July and more hikes ahead, while raising its forecast for this year’s inflation
Our senior market specialists, Nik and Russ, cover much ground this week. Several Fed officials make hawkish statements, with the NFP beat laying a foundation. Other central banks continue to be hawkish, with the BoC and the RBA hiking by 50bps. OPEC+ accelerated its schedule, but the oil market remains tight, and Boris Johnson survives a no-confident vote against him. Finally, the ECB meeting prepares the market for its hiking…
The UK Prime Minister won the no-confidence vote on Monday, with 59% of the Tory MPs voting that they have confidence in their party leader
The Australian central bank (RBA) raised interest rates by 50 basis points today, which is more than baseline expectations and the largest upward adjustment since February 2000
Conservative members of the UK parliament will hold a no-confidence vote in Boris Johnson later today, in the aftermath of the Sue Gray report into the “party-gate”
The NFP beat means that 50bps increases for the next two Fed meets are alive and well.
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