Page 5 - March Fed News Today

Mortgage rates are in the midst of a bit of a winning streak, but it's about as small and as neutral as winning streaks get.  Today was the third day in a row where the top tier, conventional 30yr fixed rate was at least as good a the previous business day.  The catch is that there's not much difference between today's rates and the recent peak from 4 days ago.   There's been a lot of momentum behind the notion ...

Last week Share prices resumed its upward trend last week as the main index almost touched the 6,700-point mark on China’s stimulus measures and higher-than-expected US economic growth in the fourth quarter last year. The benchmark Philippine Stock Exchange index gained 182.55 points to close at 6,686.09 points. The main…

The past week in the financial markets was a blend of the anticipated and the unforeseen, creating a cloud of indecision among traders. Central bank decisions by ECB, BoC, and BoJ unfolded largely as anticipated. But BoJ's slightly hawkish communication provided a temporary lift to Yen. Despite ECB President's cautious stance, traders continued to bet heavily on an imminent ECB rate cut, pressuring Euro.

Global growth is set to stay resilient this year and only pick up pace a bit in 2025, according to a Reuters poll of economists, a stable outlook at odds with still-relatively aggressive interest...

Pound Sterling Today: Central Bank Expectations Key Short-Term Risk

Global growth is set to stay resilient this year and only pick up pace a bit in 2025, according to a Reuters poll of economists, a stable outlook at odds with still-relatively aggressive interest rate cut bets in financial markets. Economists more broadly are optimistic, however, there will not be a resurgence in inflation now most central banks have got price pressures down close to where they want them. The Jan. 3-25 Reuters polls covering 48 economies showed economists forecasting global gr...

There has been a notable repricing regarding the Fed’s future course of action since the beginning of 2024. From fully pricing in a 25bps cut in March, investors are now assigning around a 50% for such a move, despite former St. Louis Fed President James Bullard recently saying that he expects the Committee to start lowering interest rates as soon as March.

Stock market today: Nifty 50 and Sensex fell about a per cent each in morning trade on Thursday on profit booking in most stocks.

A strong U.S. economy and pushback from central bank officials is leading some investors to rethink their bets on how quickly the Federal Reserve will cut rates this year, a shift that is rippling through Treasury and foreign exchange markets even as stocks sit near record highs. Expectations that the Fed would ease monetary policy in 2024 after its most aggressive tightening cycle in decades fueled an explosive rally in stocks and bonds in the final months of last year, boosting the S&P 5...

Pound Sterling Today: European and US Business Confidence Data