You can also find out more about the following: US CPI The report was good for bulls because it suggested that the FOMC could start to ease off the brakes. However, this is unlikely in May (69% chance). Some market participants believe one more 25bp and they will be done, others remain Hawkish and that moving CORE CPI & CPE from the 5% to the 3-2% range will prove problematic and this could mean hikes in May and June too.
FOMC minutes showed considerable discussions over the banking turmoil, as indicated in Chair Powell’s press conference. The “banking sector” was the literally the lead paragraph of the report and was mentioned 24 times overall, compared to zero in February. The outlook was generally softer, as well. “increased the already-high level of uncertainty associated with the outlooks on economic activity.” However, ultimately “all” Participants supported the 25-bp rate increase. Participants supported the 25-bp rate increase. Light recession The FOMC is expected to deliver on its promises.
You can also find out more about the following: Bank of Canada Left its target rate at 4.50%, It was expected that the tightening would be unchanged since March, after the 25 bp in January. But it was a “hawkish” pause as inflation and economic activity have not really evolved as expected. CAD Get the latest news.
Yesterday’s news was marked by volatility. USD Dive and remains…
