About: anakin
Recent Posts by anakin
Interest Rates will keep Increased, US stocks declined
US stocks declined on Monday, as a realization that interest rates are likely to remain elevated for an extended period continued to force a repricing across assets. Powell’s speech during the Jackson Hole symposium underscored that expectations for any reversal of Fed tightening next year were unlikely unless inflation reverted toward the central bank’s long-termContinue Reading
In Focus: US Labour Data After Jackson Hole Symposium
The US Non-farm Employment Change in the labour data is a primary focus this week, as the Fed’s speech at the 2022 Jackson Hole Symposium on 25-27 August may influence policymakers’ decisions. The US will release data this week on job openings, consumer confidence, and manufacturing activity in the service sector. Germany and Switzerland willContinue Reading
Powell predicts “some pain” as the Fed fights inflation
US stocks tumbled on Friday, as Jerome Powell gave a clear message that rates will likely stay high for some time, throwing cold water on the idea of a Federal Reserve pivot that could jeopardize its war against inflation. Moreover, the Fed chief reiterated that another ”unusually large” hike could be appropriate next month, thoughContinue Reading
Markets wait for Powell’s Keynote Speech
US stocks rallied on Thursday, as traders awaited Jerome Powell’s keynote for clues on how much further the Federal Reserve will pump the brakes on the economy to bring inflation back under control. Investors were mostly unfazed by hawkish comments from Fed officials gathering for the annual conference in Jackson Hole, Wyoming. The Fed’s chairContinue Reading
Markets are Hesitant until the Fed’s Jackson Hole Speech
The US stocks little rallied on Wednesday, stock traders remained hesitant to make any huge wagers ahead of Jerome Powell’s speech on Friday, which may provide clues on how hawkish the Federal Reserve will be in the face of mounting economic challenges. In the run-up to the all-important Jackson Hole annual conference that will beContinue Reading
