Will NFP Report Confirm Fed’s ‘Higher for Longer’ Mantra?

U.S. Highlights Markets let out a sigh of relief as the Fed’s Summary of Economic Projections reaffirmed expectations for three rate cuts this year. The Fed’s forecast for the economy is interesting, as it implies above trend growth in each of the next three years – despite interest rates that remain in restrictive territory. Forecasts […]

Markets US data on Friday (almost) perfectly fitted the dovish post-Fed market momentum. After several consensus-beating monthly releases, the US economy in April ‘only’ added 175k jobs, the slowest growth in six months. US wage growth also eased with Average Hourly Earnings (AHE) slowing to 0.2% M/M and 3.9% Y/Y (from 0.3% M/M and 4.1% […]

The AUD/USD pair rose to 0.6650 on Wednesday following the release of Australian economic data. Australia’s consumer price index (CPI) accelerated to 3.6% year-on-year in April, up from 3.5% in March. This slight increase in inflation could prompt questions about the Reserve Bank of Australia’s (RBA) future interest rate decisions. Despite the uptick in inflation, […]