Interest-rate markets have priced in a slowdown in the cracking pace of rate hikes, with a 25 basis point hike seen bringing the Fed funds rate target range to 4.5-4.75 percent.
“Anything short of Powell going 10 for 10 hawkish may ultimately be seen as being not hawkish enough. Conversely, the market may take even the smallest dovish concession and run with it.” U.S. treasuries were cautiously firmer in Asia, with benchmark 10-year yields down 2 bps to 3.5105 percent. S&P 500 futures fell 0.3 percent.Solid earnings also lifted Wall Street and the mood overnight, even as company executives struck a cautious tone as many firms brace for an expected economic slowdown.
Macroeconomic data was less encouraging. Japan’s factory activity contracted for a third straight month in January, a private survey showed on Wednesday.
Sverige Senaste nytt, Sverige Rubriker
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