Nikos Tzabouras

The US index slumps in the aftermath of last week’s hawkish Fed rhetoric, facing renewed pressure today, as the Bank of Japan surprised investors with a tweak in its yield policy

The German index comes from its worst week since September, as the European Central Bank delivered a hawkish message, expecting more rate hikes ahead and steep economic slowdown

Chair Powell pointed to a higher-for-longer approach last week, which led to the end of the pair’s eight-week profitable streak, but shows resilience, as the RBNZ is also very hawkish

USOil started the week with a three-day relief rally on demand optimism, but slides since yesterday after the Fed pointed to more rate hikes ahead

The pair treads water as markets digest this week’s rate hikes and hawkish commentary by the US Fed and the ECB

Both central banks slowed the pace of their tightening cycle this week, while delivering hawkish message and guidance, but the ECB appears to have been more aggressive

Watch today’s US Open for commentary on the latest policy decisions by the Fed, the BoE and the ECB

The Bank of England slowed the pace of hikes with an 0.5% adjustment, in a three-way split decision and hinted at more tightening, but guidance is vague

The US Federal Reserve downshifted to a smaller rate increase on Wednesday, but signaled more tightening ahead, projecting a higher terminal rate

The US Federal Reserve slowed its tightening pace on Wednesday, but expects a higher terminal rate and delivered a largely hawkish message

The US Federal Reserve moderated the pace of rate increases, with a 50 bps move on Wednesday, but now expects rates to peak higher and Chair Powell delivered a hawkish message