![]() ![]() “Investors are starting to doubt central banks globally will remain aggressive with fighting inflation as financial stability risks are growing,” said Ed Moya, senior market analyst at Oanda. The Fed should consider stopping its tightening campaign after one more rate hike in November, according to Ed Yardeni, who coined terms like “Fed Model” and “bond vigilantes.” The stress in financial markets from big rate increases, a surging dollar and quantitative tightening has reached the point that officials should make financial stability the top priority, he added. ![]() Friday’s release of September job figures looms as a test of the central bank’s plan to rein in inflation by tightening policy further and unwinding its mammoth balance sheet. Oil saw its biggest rally since July as potential OPEC+ output cuts heighten fears of supply tightness on the horizon.ĭespite the rebound in risk assets, markets are bracing for more turbulence later this week as a crucial reading on the still-tight US labor market is set to give traders a chance to reassess the Fed’s commitment to its aggressive path of rate hikes. US coal prices surged past $200 for the first time as a global energy crunch drives up demand for the dirtiest fossil fuel. ![]() The dollar slipped, yet the latest MLIV Pulse survey showed the greenback is expected to hit new highs over the next month. Eccles Federal Reserve building in Washington, D.C., US, on Tuesday, Aug. ![]()
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