Fed’s Barkin Says Rate Cuts Will Have to Eait

Markets With central banks in full data dependence mode, every eco figure counts. It makes trading more volatile from one policy meeting to the next. A disappointing September PMI survey and confirmation of the disinflation trend convinced the ECB into conducting back-to-back rate cuts in October and convinced markets that a 50 bps December rate […]

Markets The ECB left its policy rates and the APP run-down unchanged. In the quarterly forecasts, ECB staff downwardly revised 2024 growth and inflation. Growth this year is expected at 0.6% (vs 0.8% in December), but improvement is still expected in 2025 (1.5%) and 2026 (1.6%). Headline inflation is seen easing further (2.3% from 2.7% […]

Market picture It seems that all the market bulls have moved on to US and Japanese equities, avoiding cryptocurrencies. The cryptocurrency market failed to break out of its consolidation, and its capitalisation rolled back 1.3% to $2.13 trillion, inside the range from last Friday. Fear remains the main driver of the market. Bitcoin pulled back […]