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A look at the day ahead in Asian markets. While Asia's beaten down stock markets could use a clean slate in February they must first contend with Wall Street's negative...
While Asia's beaten down stock markets could use a clean slate in February they must first contend with Wall Street's negative reaction to the on Wednesday. Asia gets its chance to trade on the Fed Thursday and then pivot to Friday's U.S. payrolls report, which it will digest on Monday. U.S. stocks extended losses and Treasury yields fell after the Fed's statement, which dropped language suggesting further hikes could be in the offing but, disappointingly, all but ruled out that a rate cut would come at the next meeting in March.
Wednesday was a confirmation of a hawkish Fed that won't care about the economy until it sees actual damage, and even then, only if that damage coincides with the expected drop in inflation.  More important than Powell's message during the press conference was the takeaway from the Fed's dot plot.  The market was positioned for this, but subsequent trading suggests "not positioned enough."  Domestic traders began shifting their selling focus away from the shortest end of the yield curve&a...
Well, I think first off, I would not be surprised to see crude have another leg up from here. I am not suggesting it is going to be at 90 any time soon, but it has certainly got a rattle up.
The Fed and other agencies intervened pumping a fresh $300 billion into the economy and thus increasing its balance sheet.