Monthly Archives: July 2023
Fed Officials Emphasise Higher Interest Rate Needed
Written on July 11, 2023 at 6:40 am, by lishitong
Markets are now assessing the hawkish outlook against visibly cooling inflation Several Federal Reserve officials have expressed the view that interest rates need to be raised further this year in order to bring inflation back to the targeted rate of 2%. Despite this hawkish sentiment from the Fed, the market is inclined to believe thatContinue Reading
Awaiting the RBNZ and BoC Interest Rate Decisions
Written on July 7, 2023 at 2:10 am, by lishitong
The Week Ahead: Week of 10 July (GMT+3) Tuesday, 11 July, 09:00 – EU German CPI (MoM) (Jun) The June preliminary release of the Consumer Price Index (CPI) in Germany increased by 0.3% compared to the previous month. This persistent rise indicates that the country still has a significant challenge ahead in combating inflation. Wednesday,Continue Reading
Fed June Minutes Reveal Hawkish Stance
Written on July 6, 2023 at 7:44 am, by lishitong
FOMC meeting minutes spark demand on the US Dollar Last night’s release of the FOMC meeting minutes revealed a divergence of opinions among Fed officials, with the majority committed to further rate hikes in their ongoing battle against persistent inflation. The Fed is expected to continue its rate hike cycle this month, indicating a prolongedContinue Reading
