Market News

Strong US Retail Sales; UK Inflation Drops; Australian Unemployment Worsens

Annualized inflation in the US has fallen for the seventh consecutive month in January to 6.4%, according to the Bureau of Labor Statistics (BLS).

US CPI Declines to Only 6.4%; Fed’s Williams Says “Work Not Yet Done”; US Dollar Firm; Stock Markets Mostly Lower in Asian Session.

US Dollar Near 5-Week High on Expected Rate Hikes; Markets Nervous About US CPI Data; Stock Markets Mostly Lower in Asian Session

Hawkish Comments from Fed Members Boost Rate Expectations; US Treasury Yields Remain High and Rising; Stock Markets Recover in Asian Session.

Powell Sees Inflation Lowering, But Open to More Hikes; Stocks Rally, NASDAQ 100 Makes 4-Month High Close

RBA makes a hawkish rate hike.

Aussie Gains on RBA Hawkish Tilt; Stocks Firmer Ahead of Powell Speaking.

Yen Tumbles on Report Dove Amamiya to be BoJ Governor; Stocks Lower as Sentiment Persists; RBA Expected to Hike Rates

The FED raised its interest rate by 0.25% yesterday, leaving benchmark borrowing costs at 4.75%, in what was the smallest rate rise since March 2022.

FOMC Hikes by 0.25%; FOMC Statement Slightly Hawkish; Powell Talks Down US Dollar in Presser; S&P 500 Golden Cross; Gold, Euro Reach Highs; ECB, BoE 0.50% Hikes Expected Today.

Markets Await FOMC and Expected Rate Rise; Stock Markets Higher; US Dollar Consolidates.

IMF Sees G7 Growth Except UK in 2023; Markets Quiet Ahead of FOMC Wednesday; US Dollar Strengthens.

Bitcoin Up 40% Since 2022; Global Stocks Mostly Falling; Yen Strengthens, Aussie Weakens.

Yesterday’s decision by the Bank of Canada’s Governing Council is a clear sign that its high-interest rate rise policy could be reversed later this year.