The dollar was steady as strong U.S. data bolstered the case for 'higher-for-longer' monetary policy from the Federal Reserve, reversing two decades of cheap money, and making it harder for investors to predict when a pivot in policy will eventually come.The benchmark has reversed all of its 17% gains in 2021 afterindex of 600 European companies was up 0.2%, still down more than 12% for the year after gaining 22% in 2021.
"You've got bond yields now in the mid-to-high single digits on decent quality paper and investors now need to be paying attention to that," Osman said. "We do think we'll see a recession, it's likely to be mild. I think the focus for markets in the first half of the year is really around earnings," Osman said.is set for a drop of more than 18% this year, its worst such performance since the global financial crisis of 2008.The release on Friday before Wall Street's opening bell of U.S. personal consumption expenditures data, often dubbed the Federal Reserve's preferred measure of inflation, will be closely watched.
Recessions not looming asshats, it's been here and you know it.
How long have you folks been talking about this reccession and it hasn't happened? Give it up!