St. Louis Fed chief ...من navsky

St. Louis Fed chief James Bullard told Reuters in an interview that he is leaning towards an additional 75bp tightening. vs. market consensus for another 25bp increase. next month and then a potential cut of as much as two-quarters of a point later this year. #USD/JPY#

إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.

“A significant policy adjustment is behind us: we have raised interest rates by 350 basis points since last July. However, inflation is still high and uncertainty about its further development has increased. This makes it important to have a forward strategy,” Lagarde said in her speech on Wednesday. Powell is likely to be asked questions about how the latest turmoil will affect financial conditions and the economic outlook, and whether he sees room to lower inflation without triggering a recession. His job is to “clearly separate the problem of financial instability and the measures being taken to address it from the problem of inflation and strengthening the economy,” said Ellen Mead, an economics professor at Duke University and a former senior Fed official. #EUR/USD# #FedInterestRateDecision#

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A 25 basis point rate hike is widely expected on Wednesday, but analysts are divided over whether this will be a final hike before the FOMC pauses, or whether more substantial monetary tightening is needed. Weekly review #FedInterestRateDecision#

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Investors' attention is focused on whether the Fed will stick to its hawkish course in fighting high inflation, or hold off on raising interest rates, given recent troubles among banks that have included bankruptcies and last-minute bailouts. Markets are now pricing the Fed's chance of not raising rates at about 15%, with a 25 basis point chance of a rate hike at about 85%, CME's FedWatch tool showed. Investor sentiment remained fragile as worries about the outlook for the banking sector began to ease after sharp market volatility in the past few weeks following high-profile US banking crashes earlier in the month and the bailout of lender Credit Suisse Group AG over the weekend. The Fed is facing a difficult choice given the strong labor market and inflation figures in February that were higher than many market watchers had expected. #FedInterestRateDecision#

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