Friday, 16 February, 2024
Fed’s Barr Says Regulators Eyeing CRE Risk, Downgrade More Banks Fed asking if lenders have done enough to brace for bad loans Central bank steps up pace of issuing findings and downgrades By Katanga Johnson (Bloomberg) — US regulators are “closely focused” on risks in commercial real estate loans, and have stepped up downgrades of lenders’ supervisory ratings amid new strains on their finances, according to the Federal Reserve’s chief bank watchdog. Supervisors are looking […] Read More
Wednesday, 14 February, 2024
FED SPEAK: Chicago’s Goolsbee out saying inflation last mile won’t be hardest and that current policy is “quite restrictive” Restrictive enough for generational low in (official) unemployment, loosest financial conditions index in around 12months, and GDP annualised 3.3%???? First Fed comment of the day trying to lean back dovish… Going into Q&A session. Read More
Monday, 12 February, 2024
Tech supports are pretty decent and despite the widespread selling mkt remains long in our view – Even with the recent unwinding so a decent rally might be a bit require tomorrow CPI to show improvement more of a holding pattern till then at these lower levels and towards 111 TY and 134 RX TY a break of 16+ opens up the 109-31+ support level 16 is 4.20% yield so should be a decent nut […] Read More
Wednesday, 07 February, 2024
Lower borrowing costs risk ‘flare-up’ of inflation, warns ECB policymaker Isabel Schnabel says ‘last mile remains a concern’ in battle to bring inflation down to 2% https://www.ft.com/content/bdf3bb86-8a80-4bd5-b562-0c3c47f85f50 Martin Arnold in Frankfurt AN HOUR AGO Lower borrowing costs could reinvigorate the eurozone’s stagnant economy and cause inflation to “flare up again”, a senior European Central Bank official has warned. Isabel Schnabel, the most hawkish member of the ECB’s six-person executive board, told the Financial Times that […] Read More
Tuesday, 06 February, 2024
– Euro zone consumers have trimmed their expectations for inflation over the next 12 months, a European Central Bank poll showed on Tuesday, in a sign the ECB’s credit-tightening efforts are having an impact. The Consumer Expectations Survey (CES) is used by policymakers to gauge whether the steepest streak of interest-rate hikes in the euro’s history has persuaded households that once runaway inflation will fall back to the ECB’s 2% inflation goal. The latest poll, […] Read More
Wednesday, 31 January, 2024
Powell was really really easy to paraphrase and as explicit as his data dependencies have allowed for a while: “Strong growth, strong labour, falling inflation. Economy is in a good place and don’t see March as likely time for a cut”. Stocks hit day lows during those comments in the presser. Read More
Wednesday, 31 January, 2024
@NickTimiraos · 5m Rates unchanged FOMC statement gets a big rewrite. Tightening bias gone, but in a way that says a cut isn’t necessarily imminent. “The Committee does not expect it will be appropriate” to cut “until it has gained greater confidence that inflation is moving sustainably” to 2% Read More
Wednesday, 31 January, 2024
The RBA should be cutting rates next week We really should get a rate cut next week based on the new inflation figures, which highlight the folly of the Melbourne Cup day hike. Terry McCrann January 31, 2024 – 3:16PM https://www.heraldsun.com.au/business/terry-mccrann/the-rba-should-be-cutting-rates-next-week/news-story/ceb6ae2de8019967cfba01c44d62973e Oh dear. The Reserve Bank hiked on Melbourne Cup Day in November thinking inflation for the December quarter was going to be 1.1 per cent. The ABS now tells us that It was barely […] Read More
Wednesday, 17 January, 2024
{EU} 9 days to run RXG4 – Fri next week expiry Upside broken call flies we recco’d cheapening up on the move lower, 136.5 strike still In the mix as a lower bound target rxg4 136.5/138/139 9 tix (broken 500 in your favour) 10 8.4%d but two lower strikes also look attractive 136/137/137.5 is 11 (50 in your favour on rally 9%d 136/137.5/138.5 is 13 150 on the mid strike and broken 50 in your […] Read More
Wednesday, 13 December, 2023
Fed Holds Rates Steady and Sees Cuts Next Year Officials don’t rule out further hikes while penciling in three rate cuts in 2024 By Nick Timiraos Dec. 13, 2023 2:02 pm ET {https://www.wsj.com/economy/central-banking/fed-holds-rates-steady-and-sees-cuts-next-year-4d554e9f} WASHINGTON—The Federal Reserve held interest rates steady and signaled inflation had improved more rapidly than anticipated, opening the door to rate cuts next year. Most officials penciled in three interest rate cuts for 2024 in projections released after their two-day meeting on […] Read More
