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The last decade has shown us that the Fed clings to a bias very much in favor of ramming down interest rates again and again. This is what happened in the ten years of near-zero rates that followed the 2008 financial crisis.
The British Pound (GBP) halts last week’s fall against the buck (USD) and prints minuscule gains vs. the latter despite rising US Treasury bond yields
Overview: The US dollar is recovering today after it was sold following the jobs report before the weekend. It is enjoying a firmer bias against nearl
The Fed raised its benchmark rate by three-quarters of a percentage point to 3.00-3.25%, delivering the third straight 75 basis-point hike in an effort to curb strong inflationary pressures.
The big takeaway of August’s CPI report is that inflation remains high and broad-based — and that is likely to keep the Fed relatively aggressive.