US Open – 24 November 2022 (Video)
Watch today’s US Open for commentary on the Fed’s minutes and their impact on the US Dollar and Wall Street, along with other news and developments
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Watch today’s US Open for commentary on the Fed’s minutes and their impact on the US Dollar and Wall Street, along with other news and developments
The central bank of New Zealand remains super-hawkish as it raised rates by a record 0.75% and pointed to more moves ahead, despite impending recession
Watch today’s US Open, for commentary on the latest news, including oil developments, as well as the technical outlook of SPX500 and other assets
Fed-speak, economic data, UK’s economic plan and more news were in focus, during today’s US Open
The Fed and BoE both hike by 75 bps but their tonality contrast with each other. RBA shows conservativeness, with central bank signs of slowing down in some regions. NFP leads to an odd market reaction and critical inflation data this Thursday. Into this mix, we also have the US mid-terms. All this and more.
The central bank raised rated by 75 basis points, its largest move in thirty-three years, but softened its language as it expects prolonged recession
A policy rate above neutral is, in effect, a contractionary monetary policy. Given that the Fed may only have just hit neutral, the Fed's hawkishness is understandable. Chair Powell admitted as such, saying that "the level of interest rates will...be higher than previously expected."
The US Federal Reserve delivered another 75 bps rate increase and pointed to a moderation in the pace of tightening, but ruled out a pause, sparking two-way action and volatility in markets
The Australian central bank opted again for a miniscule rate hike, despite recent inflation surge and higher 2022 projection
The week FXCM market specialists Russ and Nik discuss the u-turn in PM Liz Truss's policies. Inflation remains rampant and sticky, with core CPI surprising to the upside. The terminal rate jumps to 5%, with the following two meetings for 2022 expected to hike at 75bps each. USDJPY reaches 32 years high, as central bank policies diverge. Please listen in for the above and more.
After a tumultuous week and U-turns from the British government, the newly appointed finance minister, announced further changes to the fiscal plans
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