As the rate hike cycle unfolds, unemployment is a crucial series to watch
As we progress through the current rate hiking cycle, unemployment is an essential economic series to monitor.
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As we progress through the current rate hiking cycle, unemployment is an essential economic series to monitor.
Eurozone preliminary headline inflation printed at an all-time high of 8.1% YoY for May. This number is higher than the forecast of 7.8% YoY and above the previous month's release of 7.5% YoY. The major contributor was the much higher energy prices due to Russia's invasion of Ukraine. However, it's not the only worry. Food, alcohol and tobacco price also contributed to the blowout figure.
The US 10-year Treasury note has broken out of a falling wedge pattern following hawkish comments by Fed Governor Waller.
Consumption makes up around 70% of the US GDP. However, all is not well with the US consumer.
NZD/USD jumped after the Reserve Bank of New Zealand hiked interest rates by 50 basis points, to 2%, the highest level since September 2016
Retail numbers are strong, with previous revised up.
The US 10-year yield has paused, but underlying momentum has not dissipated.
What Is An Inverted Yield Curve? An inverted yield curve is a situation in which yields on shorter-term U.S. Treasury securities are higher than on longer-term bonds, a reverse of the traditional state of affairs, where yields are higher the longer the bond's maturity. Many economists and analysts view an inverted yield curve as a signal that the U.S. economy may be poised to go into recession, because lower yields…
The Fed delivered a 50bps hike as expected, and the BoE statement makes a stagflation inference. RBA also raises rates in this uncertain economic environment. All eyes now turn to this week's CPI print in anticipation of moderation.
The Fed and BoE have hiked rates, and pressure is on the ECB to raise, but growth concerns may limit policy.
The central bank delivered its fourth interest rate increase in a row, in order to combat surging inflation and sees more hikes ahead
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