Page 20 - Nterestrate News Today

Further reduction of bets on an interest rate cut by the Fed in March propelled the USD Index (DXY) to a new yearly high and aligned with the extra narrative suggesting the ECB could wait until the summer to trim its rates, which eventually appears to have bolstered the late bounce in the single currency.

At its December meeting, the Federal Reserve effectively declared victory over inflation.

The United Kingdom will release the Consumer Price Index (CPI) report on Wednesday, January 17 at 07:00 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of four major banks regarding the upcoming UK inflation print.

Gold (XAU/USD) saw brief gains at the end of last week. Strategists at Commerzbank analyze the yellow metal’s outlook.

US Treasury yields rose across the board as interest rate traders in the futures market trimmed their bets that the US Federal Reserve (Fed) would cut rates as quickly as expected.

Economists at Standard Chartered analyze Indonesia’s macroeconomic outlook and share their forecast for the Rupiah (IDR.) 2024 GDP growth to pick up to 5.2% YoY We expect 2024 GDP growth to pick up to 5.2% YoY on a continued cyclical recovery, election spending, and still-healthy demand for Indonesia’s main export commodities.

The People’s Bank of China (PBOC), China's central bank kept the one-year Medium-term Lending Facility (MLF) rate steady at 2.50% on Monday.

The correlation between the Dollar and Fed Funds futures is unusually strong now, and if it persists, further USD upside is limited, economists at Société Générale report.

There is a risk of disappointment on the Gold market if market participants have to scale back their expectations of rapid interest rate cuts, according to strategists at Commerzbank.

After a poor performance last year for the currency, the Norges Bank will likely be satisfied that the NOK appreciated vs.