Stay updated with breaking news from March Fed. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Federal Reserve Bank of St. Louis President James Bullard said he favored continued interest-rate hikes to counter persistent inflation, while recession fears are overblown.
The current EUR/USD bull trend continues as the ECB is almost guaranteed to hike next month while the dollar adds to recent declines. Big US Earnings ahead
US stocks are rising after small losses yesterday as investors continue digesting cooler-than-expected inflation, weaker jobless claims, and rising recession fears.
Fed staffers feel a US recession is nigh but stubborn inflation appears set to push the FOMC into another rate hike. Dow down -38. (Available for non-subscribers after 10am)
Given the uncertain outlook, there’s a need for “flexibility and optionality”. The sky in the meantime cleared up a bit, something which several Fed governors including Daly yesterday, acknowledged.