Mac Gorain News Today

(Bloomberg) -- The Federal Reserve may end up cutting interest rates more than it’s currently signaling as the US economy slows, driving a rally in shorter-maturity Treasuries, according to JPMorgan Asset Management.Most Read from BloombergSEC Authorizes Bitcoin-Spot ETFs in Crypto’s BreakthroughAmazon’s Twitch to Cut 500 Employees, About 35% of StaffGoogle Lays Off Hundreds in Hardware, Voice Assistant TeamsSEC Says FBI Is Investigating Compromise of Agency’s X Accou...

“The market is right to be penciling in cuts,” said Seamus Mac Gorain, head of global rates in London. “Inflation is too high and it will take a recession to bring it back down,” he said, adding that US banking woes “have only made a recession more likely.”

Investors are moving back into the European corporate bond market after one of the most brutal years in history, lured by juicy yields and hopes that central banks may soon let up on their aggressive

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

“The dollar is still likely to move lower over the course of the year,” Seamus Mac Gorain, head of global rates at JPMorgan Asset Management, said last week. “Many of the currencies which are more levered to global growth, particularly emerging market currencies” and the Aussie are set to strengthen, he said. The Bloomberg Dollar Spot Index has climbed more than 1 per cent since sliding to the lowest in almost three years this month. While the gains have fuelled talk about a rebound, so...

U.S. dollar shorts mount before Yellen outlines market-based policy Ruth Carson, Bloomberg News Janet Yellen, chair of the U.S. Federal Reserve, listens to a question during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, Dec. 13, 2017. , Bloomberg Investors may take Janet Yellen’s expected endorsement of a market-driven exchange rate as an additional green light for the ...