Fed Funds futures have fully priced in a 75-basis point hike for today’s FOMC meeting, with policymakers expected to frontload more of its intended rate hikes in response to unrelenting inflationary pressures. Investors are dreading the prospects of the Fed thinking it’s worth breaking the economy to quell red-hot inflation. Such hefty fears have driven […]
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Dollar’s broader weakness reasserted itself last week, even as it managed a modest late rebound against Euro. Across the board, however, the greenback remains under pressure, with underlying momentum and sentiment pointing to further downside Read more…
After more than a year of speculation about whether Spirit Airlines could come out of two bankruptcies with a last-minute Hail Mary, the skyrocketing price of jet fuel ended up dealing the final blow to Read more…
The contentious clash of divergent opinions on the Federal Reserve’s outlook on short-term interest rates has clarified with three regional bank presidents zeroing in on increasing uncertainty about the Iran war’s impact on inflation. Fed Read more…