Page 56 - Fomc News Today

Aoifinn Devitt, chief investment officer at Moneta Group, discusses the Federal Reserve’s plans to raise rates this year, whether this was truly a pivot in Fed thinking, how the market reacted to this change and will how they will respond when rates go up, how new members on the Federal Reserve Board could impact Fed plans and what this all means for investors. Gary Siegel hosts. (28 minutes.)

The 2-, 5- and 10-year UST is higher than before the pandemic began as investors factor in a rate hike as soon as March.

Gold bullion has already priced in this years widely expected US Fed rate rises, analysts said Monday, holding above $1820 per ounce as bond yields rose once more and inflation continued to crude oil

Federal Reserve Board Chair Jerome Powell would not commit to timing for liftoff, stressing decisions would be data-based and the Fed will not allow inflation to become entrenched.

Pressures from inflation concerns and broader rising rates weigh on munis in the second week of 2022.

Bursa Malaysia is expected to keep to the sideways next week amid cautious market sentiment, mainly from the external front, but the key index will stay above the psychological level of 1,500, dealers said.

The ringgit is expected to trade sideways with a downward bias against the US dollar from Monday (Jan 10), an analyst said.

The Federal Reserve expects Omicron to fizzle in weeks, and while pandemic-related risks remain, the economy is strong and the Fed needs to address inflation and could liftoff as soon as March, Bullard says.

ICI reported $1.101 billion of inflows into municipal bond mutual funds for the last week of 2021. Refinitiv Lipper figures on Thursday may give a sense of investor sentiment for week one of 2022.

Members suggested that it could be appropriate to begin to reduce the size of the Federal Reserves’ balance sheet relatively soon after raising rates