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Further reduction of bets on an interest rate cut by the Fed in March propelled the USD Index (DXY) to a new yearly high and aligned with the extra narrative suggesting the ECB could wait until the summer to trim its rates, which eventually appears to have bolstered the late bounce in the single currency.
At its December meeting, the Federal Reserve effectively declared victory over inflation.
The United Kingdom will release the Consumer Price Index (CPI) report on Wednesday, January 17 at 07:00 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of four major banks regarding the upcoming UK inflation print.
Gold (XAU/USD) saw brief gains at the end of last week. Strategists at Commerzbank analyze the yellow metal’s outlook.
US Treasury yields rose across the board as interest rate traders in the futures market trimmed their bets that the US Federal Reserve (Fed) would cut rates as quickly as expected.