The Fed has hiked its policy interest rate by 25 bp and left the door open for another hike, but additional tightening moves are perceived to lack commitment at current point in time.
Source
Asia Day Ahead: Lukewarm Reaction to Fed Meeting
access_timeNovember 13, 2024
Latest:
- NY Fed Perli says there’s been more friction in money mkts lately, repo rate rise orderly
- Bitcoin trades above $90,000 for the first time. It broke the 80,000 level on Monday
- Steady buying in US trade: Bitcoin makes another bid for $90,000
- Fed’s Kashkari: The fundamentals seems strong and I’m optimistic that will continue
- USDCHF extends above the 200 day MA
- US 10 year yield looks to close at the highest level since July 1
- USDJPY trades above last week’s high
- GBPUSD stretches toward 61.8% retracement
- New York Fed: 1-year inflation expectations 2.9% versus 3.0% last month
- EURUSD pushes against the 2024 low at1 1.0601
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