Recession fears overdone
Forex Trading Asia
by Economic News
1y ago
The surge in interest rates, plunge in the stock market and weakness of consumer confidence have fuelled fears of an impending recession, but there is still little sign of that in the incoming economic data. The coincident indicators used by the NBER to identify economic turning points show continued growth. The strength of payroll employment growth, which is averaging close to 400,000 per month, is particularly hard to square with claims that a recession is imminent. Admittedly, with inflation rampant, that is likely to keep the Fed raising interest rates aggressively, including another 75bp ..read more
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RBA Chief Lowe Signals More Rate Hikes
Forex Trading Asia
by Economic News
1y ago
Reserve Bank of Australia Governor Philip Lowe said more interest rate increases are likely in the coming months as the central bank will do what is necessary to ensure that inflation returns to the target range over time. Although the interest rate is still very low, the governor played down the market expectations for an increase in the rate to 4 percent by the year-end as such an action would For more info about this post: View Source The post RBA Chief Lowe Signals More Rate Hikes appeared first on Forex Trading Asia ..read more
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Inflation and recession fears are squeezing some industries more than others
Forex Trading Asia
by Economic News
1y ago
Inflation has been pushing prices higher, and shoppers are feeling the pressure as they pay more for goods like groceries and gas. For more info about this post: View Source The post Inflation and recession fears are squeezing some industries more than others appeared first on Forex Trading Asia ..read more
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U.S. recession isn’t ‘inevitable,’ but inflation is ‘unacceptably high,’ Treasury Secretary Yellen says
Forex Trading Asia
by Economic News
1y ago
Talk of a recession has accelerated this year as inflation remains high and the Federal Reserve takes aggressive steps to counter. For more info about this post: View Source The post U.S. recession isn’t ‘inevitable,’ but inflation is ‘unacceptably high,’ Treasury Secretary Yellen says appeared first on Forex Trading Asia ..read more
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China Refrains From Rate Cut Despite Economic Challenges
Forex Trading Asia
by Economic News
1y ago
China refrained from an interest rate cut on Monday despite the economic challenges as such a move would go against the hawkish stance of global central banks and pose a threat of capital outflow. After a reduction in May, the People’s Bank of China left the five-year loan prime rate or LPR, the benchmark for mortgage rates, unchanged at 4.45 percent. For more info about this post: View Source The post China Refrains From Rate Cut Despite Economic Challenges appeared first on Forex Trading Asia ..read more
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Speech by Governor Waller on lessons learned on normalizing monetary policy
Forex Trading Asia
by Economic News
1y ago
Speech by Governor Waller on lessons learned on normalizing monetary policy For more info about this post: View Source The post Speech by Governor Waller on lessons learned on normalizing monetary policy appeared first on Forex Trading Asia ..read more
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Federal Reserve Board approves discount rate actions by the Boards of Directors of the Federal Reserve Banks of Atlanta and San Francisco
Forex Trading Asia
by Economic News
1y ago
Federal Reserve Board approves discount rate actions by the Boards of Directors of the Federal Reserve Banks of Atlanta and San Francisco For more info about this post: View Source The post Federal Reserve Board approves discount rate actions by the Boards of Directors of the Federal Reserve Banks of Atlanta and San Francisco appeared first on Forex Trading Asia ..read more
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Dollar Climbs Higher, Posts Strong Gains Against Major Counterparts
Forex Trading Asia
by Economic News
1y ago
The U.S. dollar surged higher on Friday, reacting to comments from Federal Reserve Chairman Jerome Powell that the central bank’s commitment to price stability has been contributing to the confidence in the currency. For more info about this post: View Source The post Dollar Climbs Higher, Posts Strong Gains Against Major Counterparts appeared first on Forex Trading Asia ..read more
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U.S. Leading Economic Index Decreases In Line With Estimates In May
Forex Trading Asia
by Economic News
1y ago
The Conference Board released a report on Friday showing a continued decrease by its reading on leading U.S. economic indicators in the month of May. The report showed the Conference Board’s leading economic index fell by 0.4 percent in May, matching the revised drop seen in April. For more info about this post: View Source The post U.S. Leading Economic Index Decreases In Line With Estimates In May appeared first on Forex Trading Asia ..read more
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Economy still bending rather than breaking
Forex Trading Asia
by Economic News
1y ago
Evidence that economic growth has rebounded in the second quarter, alongside the likelihood of a further big rise in consumer prices in June, suggest that the Fed will press ahead with another super-sized 75bp rate hike at the next FOMC meeting in late July. Markets Drop-In (22nd June, 10:00 ET/15:00 BST): Join our Markets team for this special briefing on the outlook for equities, bonds and FX and a discussion about revisions to our forecasts. Register now Read the publication Economy still bending rather than breaking on the Capital Economics Website. For more info about this post: View Sour ..read more
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