The Federal Reserve decided to hold rates steady at 5.25%-5.5%, the highest level in more than two decades. The central bank has raised rates from near zero in March 2022 in a bid to fight inflation. Despite the outcome of the two day meeting the US central bank did not rule out further hikes. Forecasts …
Inflation concerns in the US are creeping up again, raising doubts about the expected ease in consumer price increases later this year. August witnessed a surprising increase in underlying US inflation, potentially paving the way for further interest-rate hikes by the Fed. The Bureau of Labor Statistics revealed that the core consumer price index, which …
The UK’s Gross Domestic Product (GDP) pleasantly surprised observers this morning by surpassing expectations. It revealed that the economy expanded by 0.2% during the second quarter of 2023. While a 0.5% increase in GDP is indeed a reason to celebrate, the significantly elevated figure may entail certain consequences, such as the possibility of another interest …
Global markets remain nervous while waiting for the release of February’s Nonfarm Payrolls data. The data will be closely followed as markets try decipher the Fed’s next policy action. Consensus is 225,000 for February payrolls, half January’s explosive pace. A smaller number could further prompt market’s expectations back to a 25bps hike. US treasury yields …
This term I am currently taking a Blockchain module. One of my assignments included analsying the performance of a crypto coin in STATA. I was assigned the coin ICX. The bulk of the task involved data manipulation including the cleaning, sorting and merging of the data alongside running regressions in STATA. I initially needed to …
European stocks and US futures advanced on Monday morning, following last week’s sour risk sentiment and high volatility. Markets began to realise that the Fed hasn’t won the war with inflation, the however US Dollar remains resilient against its G7 rivals. Markets are now pricing US rates to peak at 5.4% this year, compared with …
At the start of 2023 markets had priced in a terminal rate below the Fed’s projection as well as rate cuts towards H2. After a flurry of economic data pointing towards stubborn inflation markets have adjusted their expectations and quickly repriced their terminal rate expectations in line with the Fed’s projections. With markets adjusting their …
Global stocks rose on Monday ahead of a busy week. Markets prepare for US inflation data on Tuesday where inflation is expected to come in at 6.2% yoy from 6.5%. The key inflation data will give markets a sense of direction for the upcoming Fed meeting in March where a 25bps hike seems likely given …
Global stocks advanced higher on Tuesday as markets prepare for the Fed’s Interest rate decision on Wednesday. The US Dollar edged higher as it trades above 102.00, following US housing market data showing signs that inflation is moderating….