The Fed engineered a miracle. Now comes the hard part.
The Fed has so far been able to pull inflation lower without crushing economic growth—but the months ahead will present a new test.
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The Fed has so far been able to pull inflation lower without crushing economic growth—but the months ahead will present a new test.
S&P Global will release the flash estimates of the United States (US) Purchasing Managers Indexes (PMIs) on Thursday, a survey that measures business activity throughout the month.
The Fed has so far been able to pull inflation lower without crushing economic growth—but the months ahead will present a new test.
The Indian rupee is poised to advance at open on Wednesday helped by the dollar selling in the offshore non-deliverable forwards. ...
Minutes of the January Fed meeting are the only item worth mentioning. We expect them to align with the recent Fed push against dovish market bets. Fed chair Powell strongly suggested that the base case scenario of “only” three 25 bps rate cuts, as plotted in December Dots, remains in play going into the March update. More and more Fed members indicate summer as the preferred starting point. From a market point of view, we fear that they won’t contain much new, guiding, info though, setting the stage for another session of sentiment-driven trading within technical boundaries.