United States:
Hot Inflation Data Risk Pushing Fed Closer to a Super-Sized Hike
“A hotter-than-expected U.S. inflation print would push the Federal Reserve closer to considering its single-largest rate hike in more than two decades. The January consumer price index, due Thursday, is one of the most important data releases before the central bank’s March meeting, which Chair Jerome Powell has signaled will kick off a series of interest-rate hikes.”
Europe:
Europe’s Most Valuable Fintech Unicorn Klarna Faces Risk of Rising Rates
“Klarna Bank AB is Europe’s most valuable fintech unicorn, a payment pioneer in a booming sector that’s being wooed by London for its potential stock listing. It also has a funding model that’s going to be threatened by the rapidly emerging reality of higher interest rates. The Swedish “buy now, pay later” company gives out effectively interest-free loans so online shoppers can stagger payments, while it depends on merchant fees and late payment penalties for revenue. It was valued at almost $46 billion after a funding round led by Softbank Group Corp. last year.”
Asia:
Bank of Japan’s Kuroda Faces Tough Task to Persuade Markets He Won’t Pivot
“Bank of Japan Governor Haruhiko Kuroda faces a growing challenge to convince investors that a policy pivot isn’t on the horizon following a wave of hawkish turns by global central bankers. Kuroda continues to insist that the BOJ’s yield control framework is firmly bolted down without any tinkering under consideration given continued weakness in Japanese price growth.”
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