The hope is that falling inflation reduces the need for interest rate hikes, and markets have priced better-than-even odds that the Federal Reserve slows its cracking pace and hikes by 25 basis points, rather than 50, at next month's meeting.
"We expect a below consensus CPI print, which if it materialises, could push this rally even further."also helped things, remarking to the New York Times that she was leaning towards a 25 basis point hike. Brent crude futures topped $83 on Thursday. U.S. Treasuries added a little to overnight gains, with benchmark 10-year yields down 3.7 bps to 3.5189% and 30-year yields down 4.4 bps to 3.6375%.Along with hopes for gentler central banks in the West, investors are also banking on a recovery in China to help global growth and are eyeing a potential policy shift in Japan.
This likely refers to the fact that 10-year yields have been stuck at the new ceiling of 0.5% for four sessions, even while the BOJ has been busy buying bonds in bulk to get them down.
Will these data determine an owl or a hawk 🤭
Prediction: decent CPI reading and stocks move way higher. Then a massive correction.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: cnni - 🏆 326. / 59 Read more »