October 21, 2022 United States: Futures Fluctuate Before $2 Trillion Options Event: Markets Wrap Stock futures fluctuated as bonds trimmed their selloff, with traders bracing for volatility ahead of the expiration of $2 trillion in options. S&P 500 contracts erased losses. Treasury 10-year yields traded below 4.3% and the dollar posted a mild advance.
October 20, 2022 United States: Fed Says Economy Grew Modestly But Recession Worry Dims Outlook The Federal Reserve sounded a note of caution on the US economy, which expanded “modestly” through early October with slowing activity raising recession concerns amid some indications of easing inflationary pressure. “Outlooks grew more pessimistic amidst growing concerns about
October 19, 2022 United States: Fed Can’t Pause Rate Hikes With Core Inflation Accelerating, Kashkari Says The Federal Reserve can’t pause its campaign of monetary policy tightening once its benchmark interest rate reaches 4.5% to 4.75% if “underlying” inflation is still accelerating, Minneapolis Fed President Neel Kashkari said. “Core services inflation -- which is
October 18, 2022 United States: Rally in Futures Signals More Gains for US Stocks: Markets Wrap A rally in US equity futures signaled an extension of gains on Wall Street, with Goldman Sachs Group Inc. the latest to provide investors with positive earnings news. Treasury yields dropped and the dollar edged lower. Contracts on
October 14, 2022 United States: Fed Is Set to Target Even Higher Rates as Inflation Stays Stubborn Federal Reserve officials are likely to once again raise their outlook for how high they’ll have to lift interest rates following the latest bout of bad inflation news. Several Fed policymakers have said they want to see
October 13, 2022 United States: Core US Inflation Rises to 40-Year High, Securing Big Fed Hike A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation. https://www.bloomberg.com/news/articles/2022-10-13/core-us-inflation-rises-to-40-year-high-securing-big-fed-hike Europe: The
October 12, 2022 According to estimates from the statistical office of the European Union (Eurostat), in July 2022, compared with June 2022, seasonally adjusted production in the construction sector increased by 0.3% in the euro area and by 0.2% in the EU. In June 2022, production in construction decreased by 1.2% in the euro
October 12, 2022 United States: US Core Inflation Seen Returning to 40-Year High as Rents Rise A key US inflation measure due Thursday is set to return to a four-decade high, underscoring broad and elevated price pressures that are pushing the Federal Reserve toward yet another large interest-rate hike next month. https://www.bloomberg.com/news/articles/2022-10-12/us-core-inflation-seen-returning-to-40-year-high-as-rents-rise?srnd=premium&leadSource=uverify%20wall Europe: UK
October 11, 2022 United States: JPMorgan Says Too-Hot CPI Would Put Stocks at Risk of 5% Tumble With a dovish Federal Reserve pivot seemingly off the table after last week’s employment report, risks for speculators are running high before Thursday’s release of the consumer price index. Anything above the prior reading of 8.3% would
October 10, 2022 United States: IMF, World Bank Warns of Increasing Risk of Global Recession The International Monetary Fund and World Bank warned of the rising risk of a global recession as faster inflation forces central banks to raise interest rates, crimping growth. Higher borrowing costs are “really starting to bite,” IMF Managing Director
