Today, there are numerous events featuring speeches by US monetary authorities. This comes as we approach the “blackout period,” which begins on Saturday and lasts until the conclusion of the December 13th FOMC meeting. During this blackout period, Federal Reserve officials refrain from making public comments related to monetary policy. Market expectations for this FOMC […]
Today, on November 1st, the minutes from the November 1st meeting of the US FOMC will be released. The policy interest rate was kept in line with market expectations at 5.25-5.50%. The statement had conveyed a sense of pausing interest rate hikes. However, during Chairman Powell’s press conference, he maintained a hawkish tone, suggesting that […]
Today’s focus is on the outcome and statement of the FOMC meeting, as well as the press conference by Fed Chair Powell. The market is anticipating that the recent slowdown in the growth of US Consumer Price Index and Producer Price Index may halt further rate hikes in this FOMC meeting. However, it’s important to […]
This week has seen a strengthening in USD, but the reasons behind its rally are questionable. There seems to be a correction in the market after a continuous 6-day USD decline until last week. Various factors are influencing the market sentiment. For USDJPY, BOJ Governor Kuroda’s reaffirmation of the easing stance cooled down the YCC […]
Yesterday, market sentiment shifted towards a majority expectation of the June FOMC remaining unchanged. This change was in response to the support for holding off on rate hikes from a Jefferson Fed Board member and the President of the Philadelphia Federal Reserve, Harker. Prominent Fed watchers had also indicated a possibility of no rate hike. […]
How will today’s ECB fare as the How will today’s ECB fare as the US FOMC’s rate hike pause approaches?’s rate hike pause approaches?
As expected by the market, yesterday’s US FOMC announced a 25bp rate hike. However, while it suggested the possibility of keeping rates unchanged (pausing rate hikes) at the next June meeting, it did not explicitly say so. Chairman Powell denied the speculation of an early start to rate cuts that had been spreading in […]
Caution for yen appreciation and dollar depreciation due to FOMC today, shadows in the US labor market, and uncertainty in US regional banks
Today, the results of the US FOMC will finally be announced. In anticipation, the market is showing somewhat uneasy movements. Yesterday’s announced US JOLTS job openings fell below the 10 million mark for two consecutive months, which led to an expansion of dollar-selling reactions along with a decline in US bond yields. Although a 25bp […]
The FOMC, or Federal Open Market Committee, is a branch of the United States Federal Reserve System that is responsible for overseeing the nation’s open market operations. This committee plays a crucial role in setting monetary policy for the U.S. economy, which has a significant impact on various aspects of the economy, such as interest […]
Yesterday’s US FOMC strengthened the dollar-selling trend, today’s Bank of England policy interest rate, etc.
At yesterday’s US FOMC meeting, a 25bp rate hike was announced, as was widely expected. After four 75bp rate hikes in a row, the pace has slowed down to 50bp hikes and now 25bp hikes. Headline inflation is clearly on a slowdown, but the level still requires continued interest rate hikes. It is also […]
The results of the US FOMC meeting will be announced today. Along with the extent of the rate hike, the economic outlook and interest rate outlook will be announced, and Fed Chairman Jerome Powell’s conference will be held. Amidst the urgent need to deal with inflation, financial instability problems have arisen in the United […]