Much volatility was seen in the markets overnight, but as dusts settled, risk-off sentiment dominated. Fed funds futures are now pricing in 94.7% chance of a 50bps rate hike by Fed after the strong CPI reading, comparing to just 33.7% a week ago. Dollar is trading generally higher in Asia, followed by Yen. Aussie is […]
The post Risk-off Sentiment Dominates as Expectation of 50bps Fed Hike Intensified appeared first on Action Forex.
Medicare’s expanded telehealth access is sticking around, but not permanently. The current rules run through Dec. 31, 2027, giving beneficiaries a temporary extension of pandemic-era flexibility. Federal policymakers have taken steps to accelerate the use Read more…
Canadian labour market data for April next Friday will be in focus, and we expect employment to remain broadly consistent with a gradual improvement in per-worker conditions after controlling for an unprecedented pullback in labour Read more…
Crude oil prices continued higher this week as the market is becoming increasingly sceptical about the prospect of a near-term opening of the Strait of Hormuz. This pushed yields higher until the peak was reached Read more…