Money markets have fully priced in a 50 basis-point hike by the FOMC at its meeting today. Anything else could send shockwaves across asset classes. The announcement of a start date to the Fed’s quantitative tightening is also widely anticipated. While the Fed’s policy decision due today has been well telegraphed, the more pressing unknown […]
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Japan’s flash PMI data for April signaled a return to growth in the private sector, with Composite PMI rising from 48.9 to 51.1. The recovery was driven primarily by a rebound in the services sector, Read more…
Australia’s flash PMI data for April showed continued, albeit slower, expansion in the private sector, with Manufacturing PMI slipping from 52.1 to 51.7 and Services PMI easing from 51.6 to 51.4. The Composite PMI also Read more…
Fed Governor Adriana Kugler said in a speech that she supports holding interest rates steady as long as upside inflation risks persist, provided that economic activity and employment remain stable. Kugler noted that the current Read more…