bonds
As expected, U.S. inflation – both headline and core – moderated in July, according to the latest Consumer Price Index (CPI) data. Assuming global food and energy commodity prices continue to ease, June likely marked the peak in the year-over-year (y/y) rate of headline inflation.
Bitcoin is likely to transition from a risk-on to a risk-off asset in the second half of 2022, as the macroeconomic environment is rapidly shifting towards a recession, said Mike McGlone, senior commodity strategist at Bloomberg, in a recent interview with Cointelegraph. McGlone predicted: “ I
China’s widening mortgage boycott has raised fears of a further downward spiral of the property sector – a potential threat to financial stability in a country already under pressure from stalled economic growth, sluggish consumer demand, and COVID-19 outbreaks. Since late June, hundreds of thousands
Source: BofA Global Research The 0.75-percentage-point hike in the interest rate was met with a buying frenzy across most markets. For fixed-income investors, a late-week drop in yields capped off the best month for the global bond market since 2020, according to Bloomberg. Source: Bloomberg
At his press conference following last week’s meeting of the Federal Open Market Committee, Fed Chair Jerome Powell hinted that the panel might slow down the pace of rate hikes as demand responds to monetary tightening. But analysts say the latest data, along with growing
Mortgage rates have climbed this year at one of the fastest paces on record. Yields on agency mortgage-backed securities (MBS) have soared to 4.17% in July 2022 from 1.98% in January. Spreads of MBS have widened amid macroeconomic uncertainty, spikes in interest rate volatility, and,
As was widely expected, the Federal Reserve raised its policy rate by 75 basis points (bps) at the July meeting, taking the target rate range to 2.25%–2.5%. This is just below the Fed’s estimate for a neutral policy stance in the longer run (2.5%). At
After months of COVID-related disruptions, China’s economy looks to be on the path to normalization. In June, new daily coronavirus case counts stabilized in the low hundreds. More people are hopping on planes and trains, intercity highway traffic has rebounded to pre-outbreak levels, and city
But is there also a case for falling interest rates in the back half of 2022? With several commodities pulling back and inflation easing, perhaps we could see rates decline. Well, it’s Friday, so we need to turn to Joe Friday for “the facts, Ma’am.
The blowout 9.1% reading of the consumer price index last week created apprehension among investors that the Fed would overreact and raise the Fed Funds overnight rate by a full percentage point. Fed Governor Christopher Waller, the former chief economist at the St. Louis Fed,