Macroeconomics: The Federal Reserve is maintaining high interest rates to curb inflation, even if it slows growth. The economy is performing slightly
US dollar strength supported by higher rates-for-longer amidst a resilient US economy better than expected, with positive outlooks for GDP and an indifferent outlook for inflation and unemployment. The DXY appreciated in 2022 due to inflation and is now on an uptrend, reflecting expectations of prolonged high-interest rates. The U.S. economy is cooling but still strong, with GDP growth above 2%, inflation stabilising around 3.5%, and employment remaining low.
Intermarkets are also reflective of this resilient US economy narrative and subsequent higher-for-longer rates: The moving averages of the DAX are above the index which is falling and aligned in such a way that indicates an outlook of potentially economic slowdown. The moving averages of the six-month German bund yields are below the current yield and aligned in such a way that indicates an outlook of potentially stable rates.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
EUR/USD rises amid Eurozone economic data and ECB policy decisionsEUR/USD rises amid Eurozone economic data and ECB policy decisions
Les mer »
ECB and BoC policy decisions and global PMIs headline the week's economic agendaECB and BoC policy decisions and global PMIs headline the week's economic agenda
Les mer »
Markets Week Ahead: S&P 500, Gold, US Dollar; Powell, ECB, BoC, Australia CPI, Germany Ifo, UK jobsConflict in Middle East and US earnings season are likely to be key drivers of broader market sentiment in the coming week. Currency markets would be watching for cues from Powell speech, European Central Bank and Bank of Canada interest rate decisions.
Les mer »
Jeff Bezos and Bill Gates-backed billion dollar business closesThe company tackled a huge problem and was helping make it better, but that was not enough (even with Bono and Edge of U2 as investors).
Les mer »
NASA Visits ‘Quadrillion Dollar’ Asteroid And Jupiter As Eclipse Stuns America: The Week In SpaceI'm an experienced science, travel and photography journalist and stargazer writing about exploring the night sky, total solar eclipses, moon-gazing, astro-travel, astronomy and space exploration. I'm the editor of WhenIsTheNextEclipse.com, SmartTelescopeReviews.
Les mer »
US Dollar Forecast: The Fed and US Yields Sustain USD SupportProminent Fed members came out in support of holding rates, allowing the bond market premium to keep financial conditions tight. Added safe haven appeal prop us USD
Les mer »