News Formal

Forex Today: Market Scales Back Fed Rate Hike Expectations

  • 📰 Daily_Forex
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Markets are revising lower the estimated coming rate hike from the US Federal Reserve, causing a weaker US Dollar and stronger stock markets.

Enter your email

Analysts are scaling back their formerly higher expectations of a forthcoming US rate hike as high as 1%A second successive rate hike of 0.75% is now the consensus expectation following remarks from Fed member Bostic and lower than predicted inflation expectations data. This is causing a selloff in the US Dollar and rises in stock markets.

New Zealand CPI data released a few hours ago shows annualized inflation hitting 7.3%, an increase from the previous level of 6.9% and the highest annualized rate seen since 1990. The market had been expecting a lower rate of 7.1%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 567. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Long-Term Bitcoin Holders Did Not Sell Amid the Market Crash: Coinbase ResearchStablecoin outflow will rise in the context of the Fed doubling down on rate hikes, which makes traditional finance attractive for depositors to earn higher yields. Yeah but does the outflow mean 😀🐂🐻?
Source: Crypto_Potato - 🏆 568. / 51 Read more »