Analisis

Fed Pause + More Hikes + Wealth Gap

Fed Pause + More Hikes + Wealth Gap

Not what the market had been expecting. The market had been bizarrely fixated with fantasy pivot expectations? We have consistently pointed to stubborn inflation, the headline may be 4%, still too high, but core inflation is at a whopping 5.3% and services inflation may even accelerate.
ACY Securities | 871 days ago
GBP looking healthy with GDP

GBP looking healthy with GDP

GDP recovers as retail recovers from March washout; UK GDP in April recorded a growth of 0.2% month-on-month (m/m), aligning with consensus expectations. This indicates a partial recovery, often referred to as a 'bounce back', from the weaker-than-anticipated growth of -0.3% m/m in March.
ACY Securities | 871 days ago
Fed Funds 6% Anyone?

Fed Funds 6% Anyone?

The US Federal Reserve delivered precisely to our forecast script. Going on hold for just the moment, but emphatically emphasising there are more rate hikes to come.
ACY Securities | 871 days ago
Market focus turns to the ECB

Market focus turns to the ECB

Asian equity markets are up due to China's rate cut hinting at stimulus measures. The US Fed kept rates steady, suggesting possible hikes this year. The ECB is expected to raise interest rates despite the Eurozone's recession and high inflation. The market is also partly expecting another ECB hike in July. Today's US data will be studied for clues on the Fed's policy pause duration.
Moneta Markets | 871 days ago
US Inflation Half the Pace Is Not Good Enough

US Inflation Half the Pace Is Not Good Enough

The US just saw a major improvement in current inflation. Headline CPI has halved from the peak to now 4.0%. While the monthly rise was almost flat at just 0.1%. Both results were in fact better than the market had hoped for.
ACY Securities | 872 days ago
Lower CPI, higher change for a pause on FED

Lower CPI, higher change for a pause on FED

In May, the United States experienced a slowdown in price pressures, primarily due to a decrease in gasoline prices. As a result, the CPI only advanced by 0.1% on a month-to-month basis, which was in line with expectations.
ACY Securities | 872 days ago
China cuts USD bearish

China cuts USD bearish

USD soft after China rate cut. The USD is weaker this morning following China stimulus and expectations for decelerating US inflation while the decline of the USD aligns with my medium-term prediction, I remain unconvinced.
ACY Securities | 872 days ago
US Inflation Data Receives Muted Applause

US Inflation Data Receives Muted Applause

The US just saw a major improvement in current inflation. Headline CPI has halved from the peak to now 4.0%. While the monthly rise was almost flat at just 0.1%. Both results were in fact better than the market had hoped for.
ACY Securities | 872 days ago
US Fed expected to pause rate hikes

US Fed expected to pause rate hikes

Asian markets up on US market boost & expected Fed rate hike pause. UK GDP rises due to services output, declines in construction & industrial production. Fed announcement to confirm pause, closely watched for further action. US Treasury & gilt yields rise, sterling lifted by anticipated UK rate hikes.
Moneta Markets | 872 days ago