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As the U.S. Federal Reserve attempts to bring inflation down from 40-year highs, banks have ramped up projections of int...
14/06/2022

As the U.S. Federal Reserve attempts to bring inflation down from 40-year highs, banks have ramped up projections of interest rate hikes, and some shorter-dated bond yields surged higher than longer term ones.
Here is a quick primer on what a steep, flat or inverted yield curve means and how it has predicted recession, and what it might be signaling now.

European equities closed sharply lower Monday, following the global trend after last week’s hot U.S. inflation report ni...
14/06/2022

European equities closed sharply lower Monday, following the global trend after last week’s hot U.S. inflation report nixed hopes that price rises were peaking. This was seen increasing the chances that the Federal Reserve, which announces its latest rate decision on Wednesday, will continue its aggressive monetary tightening for longer than already priced in.

The dollar index, which measures the safe-haven currency against a basket of six other major currencies, fell as low as ...
13/06/2022

The dollar index, which measures the safe-haven currency against a basket of six other major currencies, fell as low as 101.43, its weakest since April 25. On a weekly basis, it was down 1.24%, following a 1.45% decline the previous week. At 3:10 p.m. Eastern time (1910 GMT), the dollar was down 0.059% at 101.66.
"We continue to think that the best of the broader USD rally is behind us now and while the USD may not fall significantly yet, further gains seem unlikely," strategists from Scotiabank said in a client note.

Data released Thursday showed that the U.S. economy shrunk by slightly more than initially estimated in the first quarte...
13/06/2022

Data released Thursday showed that the U.S. economy shrunk by slightly more than initially estimated in the first quarter of the year, as gross domestic product contracted at an annualized pace of 1.5%, rather than the 1.4% preliminary reading.
Additionally, the minutes from the early May Fed meeting, released Wednesday, indicated that the central bank policymakers may be prepared to slow or even pause its tightening cycle in the second half of the year if inflation levels start to retreat.

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