Page 34 - June Fed News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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

The current landscape is fairly simple.  The bond market has been in the midst of a "repricing" event following the jobs report at the beginning of the month.  Traders are "repricing" expectations for the Fed rate hike outlook.  This has spilled over into longer-term rates.  Until we have clear momentum heading in a friendly direction, the path of least resistance is for rates to continue redefining a new, higher range after failing to break through the new, lower range that was seen in December and January...

KUALA LUMPUR: The ringgit fell further against the US dollar amid bearish local risk sentiment as investors digested the United States (US) inflation data for January, which pointed to the possibility of a longer string of interest rate hikes.

US futures are mixed. S&P 500 futures are a bit firmer and Dow a bit softer. There's been limited follow-through dollar selling today, and a small recovery ahead of the BoE and ECB meetings.

Overview: The failure of the Federal Reserve to push harder against the market's dovish views and the easing of financial conditions encouraged a risk