About: anakin
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Week ahead: Will RBNZ continue to raise rates amid stronger domestic activities?
The Reserve Bank of New Zealand (RBNZ) raised its official cash rate in October by 50bps, its fifth increase since late last year. It follows a string of robust economic reports showing that domestic activities have strengthened. Will the central bank raise rates by another 75bps as forecasted? Here is a roundup of the latestContinue Reading
Written on November 21, 2022 at 3:48 am
Categories: Week Ahead
Fed Reserve: Future policy tightening is expected
US stocks advanced higher on Friday, regaining upside momentum and ended with a slight gain for the day after shrugging off Federal Reserve warnings that there was more policy tightening to come. Treasury yields rose again after hawkish comments from Fed policymakers as they reiterated their commitment to taming inflation down. St. Louis Fed PresidentContinue Reading
Written on November 21, 2022 at 12:22 am
Categories: Today's Analysis
Fed promised to fight inflation
US stocks declined lower on Thursday, continuing their downside momentum and dropping for a second day as Federal Reserve officials are likely to remain persistent in their fight against inflation and warned of more pain to come. Fed speakers in recent days have emphasized that they need to go further to extinguish price pressures. Moreover,Continue Reading
Written on November 18, 2022 at 1:45 am
Categories: Today's Analysis
US Retail Sales increased, indicating the economy can handle Fed rises
US stocks declined lower on Wednesday, failing to preserve their upside momentum and witnessing selling pressure after strong retail sales data and comments from at least two Federal Reserve speakers recast bets that the central bank’s policy tightening regime is nearing an end. The US Retail Sales rose by 1.3% in October, which came inContinue Reading
Written on November 17, 2022 at 1:04 am
Categories: Today's Analysis
Market expectations improved as US PPI released softer
US stocks rebounded higher on Tuesday, ending their previous slide and regaining upside momentum as fresh data added to evidence that inflation may have peaked. The Producer Price Index (PPI) for final demand in the US declined to 8% on a yearly basis in October, which decelerated compared to last month’s 8.2% and strengthened theContinue Reading
Written on November 16, 2022 at 2:49 am
Categories: Today's Analysis
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