Day: April 9, 2022
Dollar Ended Broadly Higher as 10-Yr Yield Hit 2.7
Dollar was initially mixed last week but buyers jumped in after FOMC minutes revealed the quantitative tightening plan. US benchmark treasury yields also surged to highest level since 2019. Both Canadian and Australian Dollars followed as second and third strongest. Aussie was boosted by RBA’s hints on earlier rate hike while Loonie was supported by …
As inflation bites and America’s mood darkens, higher-income consumers are cutting back, too
The top income bracket spends the most among American consumers, but its strength amid inflation may be overstated, according to a new CNBC survey.
Here’s how the Fed raising interest rates can help get inflation lower, and why it could fail
A customer shops at at a grocery store on February 10, 2022 in Miami, Florida. The Labor Department announced that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982. Joe Raedle | Getty Images The view that higher interest rates help stamp out inflation is essentially …
Weekly Economic & Financial Commentary: Minutes Put All Eyes on the Fed, but Economic Activity Remains Strong
Summary United States: Minutes Put All Eyes on the Fed, but Economic Activity Remains Strong In an otherwise calm week of data, Wednesday’s release of the FOMC minutes stirred things up as they showed committee members agreeing that elevated inflation and the tight labor market warrant balance sheet reduction to start soon. The minutes also …
Week Ahead: Central Banks, Inflation Data, and Earnings to Highlight the Week
After a somewhat quiet week due to the lack of economic highlights last week, things kick into high gear this week as central banks and inflation data take center stage. The RBNZ, BOC, and ECB all meet this week to discuss monetary policy. Everyone will be watching to see which of the central banks is …
Week Ahead: Central Banks, Inflation Data, and Earnings to Highlight the WeekRead More
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