Important part of ECB decision is any signal of rate cut timing after US CPI shocks market
- Hot US CPI reading may be in rear view mirror but effects persisting today as traders bet that the inflation fight is not over.
Source: fxstreet.com
Kr Bank News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Kr Bank. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Kr Bank Today - Breaking & Trending Today
Home Depot and Walmart to report – No change to macro theme
- Relatively flat US dollar and mixed EU indices as risk sentiment remains undecided after little overnight and weekend macro news with US returning for trade today from Presidents Day.
Source: fxstreet.com
ECB dove says no need to wait until summer for rate cuts
EU mid-market uUpdate: UK's Hays mentioned slowing hiring trends globally in Dec; ECB dove says no need to wait until summer for rate cuts.
Source: fxstreet.com
Fed's Waller and ECB's Stournaras talk rate cuts
- Stocks move higher and bond yields lower as interest rate expectations are further dialed in after Fed Waller yesterday spoke about seeing case for rate cut in several months if inflation takes on course, suggesting a move in H1 2024, alongside a significant drop in German states and Spain’s CPI readings, ahead of Germany’s national reading at 08:00 ET.
Source: fxstreet.com
EU data on falling inflation and declining GDP pivoted bond yields
EU Mid-Market Update: EU data on falling inflation and declining GDP pivoted bond yields to the downside on expectations of lower interest rates; Isra
Source: fxstreet.com