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In focus today Today’s focus will be the ECB meeting where we expect no change in the policy rate. We anticipate that the primary insight from the meeting will be a confirmation of the current ECB narrative, thereby indicating that the ECB is on track to deliver a rate cut in June. While this meeting […]

The post Markets Trim Fed Rate Cut Expectations Amid High US CPI appeared first on Action Forex.

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27/07/2024

The Weekly Bottom Line: All Eyes on Next Week’s Fed Meeting

U.S. Highlights The U.S. economy accelerated in the second quarter, growing by 2.8% (annualized), up from 1.4% in the first quarter. At the same time, inflation cooled to 2.5% year-on-year (y/y) in June, as measured by the personal consumption expenditure deflator. However, the Fed’s preferred inflation metric, core PCE, was unchanged relative to May. High […]
05/12/2023

Will US NFP Report Come to Dollar’s Rescue?

Data and Fed rhetoric prompt investors to increase rate cut bets Dollar’s next major test comes in the form of the US jobs report The data comes out on Friday at 13:30 GMT Dollar bleeds as investors ramp up bets of massive rate cuts The US dollar has been bleeding lately as the market keeps […]
15/12/2023

ECB Review: A Conditional Push-Back

Today’s ECB policy meeting saw no changes to the policy rates, as unanimously expected across analysts and market pricing, hence the deposit rate was maintained at 4%. The ECB already surprised with an announcement today of its schedule for PEPP reinvestments for next year. ECB decided to end full PEPP reinvestments from H2 24 by […]