Investors believe the FOMC will maintain interest rates this month. They anticipate a 100 bps cut in 2024, raising doubts about its likelihood.
The Fed's Dec meeting
14/12/2023 (Thu) 03:00
Previous (Aug): 5.50% | Forecast: 5.50%
Investors are convinced that the FOMC will once again opt not to raise interest rates at its upcoming meeting this month. They have priced in rate cuts of 100 bps for 2024, which is questionable.
Powell confronts a mixed economic picture. While the labour market is resilient and consumer spending is solid, there are signs of slower growth and, in turn, lower inflation.
He is expected to reiterate that it is still premature to discuss policy shift as inflation remains well above the Fed’s target of 2%. But investors’ view could prove hard to alter at this point.
BlackRock and Allianz see a UK stock market turnaround, hoping an improving economy, lower interest rates, and political stability will help.
2024-07-26The euro hovered around a two-week high against the pound on Friday, despite data showing the UK's recovery is outpacing the eurozone's.
2024-07-26Stocks fell globally on Wednesday on disappointing Tesla and European luxury earnings, while oil prices struggled amid weak demand concerns.
2024-07-25