Summary We had been forecasting that the FOMC would raise its target range for the federal funds rate by 100 bps more between now and early next year. But two developments have caused us to revise our forecast higher. First, the economy is showing signs of resiliency, which will necessitate more monetary tightening to slow […]
The post Update to Our Fed Funds Forecast: When the Facts Change, We Change Our Minds appeared first on Action Forex.
We revise our view of RBA policy: 25bp hikes in both March and May expected. Single hike still possible but not our base case. The RBA is now expected to hike rates 25bp in both Read more…
Key Highlights Ethereum remained in a range above the $1,850 support. A rising channel is forming with support at $1,865 on the daily chart of ETH/USD. Bitcoin price started a fresh recovery wave above $68,000 Read more…
Japan’s producer inflation moderated in February, offering some relief on the domestic cost front even as import prices surged. Producer Price Index rose 2.0% yoy, slowing from January’s 2.3% pace and coming in slightly below Read more…