FOMC hikes 25bps, as expected. More rate hikes to come?
Today’s FOMC meeting was uneventful. However, Powell’s press conference which followed provided less hawkish comments for the markets to feast on
Big miss for ADP Employment Change; weather cited
Will the weather effect from today’s ADP Employment Change have the same effect on January’s NFP report?
How much higher can gold move?
By the reaction after today’s ECI, it looks like gold bugs still mean business.
US Q4 Employment Cost Index helps the Fed’s soft landing scenario
Will there be signs that the Fed intends to hike by an additional 25bps at it March meeting?
Looking to stay away from FED, BOE, and ECB this week? How about AUD/CAD?
Since October 2022 the pair has been moving higher and has recently hit the 61.8% Fibonacci retracement level
Currency Pair of the Week: EUR/USD
With the FOMC and the ECB meetings, along with a treasure trove of important economic data from the US and Europe, EUR/USD should be volatile this week.
Week Ahead: FOMC, BOE, ECB, OPEC, NFP and big tech earnings
The FOMC is expected to hike 25bps, while both the BOE and the ECB are expected to hike 50bps.
Core PCE unlikely to sway Fed next week
The December Core PCE print was in-line with expectations. Therefore, markets remain comfortable with pricing in the 98% chance of a 25bps rate hike on Wednesday.
SARB hikes rates by 25bps; 50bps expected
It appears SARB could have gone with 50bps, but held back due to ongoing load shedding and the hit it may take on the economy.
US data dump provides little new info for the Fed
Although Durable Goods was stronger than expected, there is little to take from the other data points, as it was from so long ago.
What does it mean for the Fed if Core PCE comes out weaker than expected?
If the print is “as expected”, will this be enough of a drop for the Fed to leave rates unchanged at its February meeting?