"This morning's data pushed expectations for the first rate cuts further into late 2024, but failed to convince market participants of another hike this year, meaning that short-term yields -.."
Alarm bells are ringing: What markets are trying to warn us about the economy
“We know historically when borrowing costs have risen this much that that stresses some part of the financial system — and as Warren Buffett likes to put it, when the tide goes out, suddenly we see who's swimming naked”
US dollar retreats after mixed batch of data; yen modestly firmer
"This morning's services sector data helped soften expectations ahead of Friday's non-farm payrolls report, and we've seen a slight pullback in odds on another rate hike from the Federal Reserve before year-end," said Karl Schamotta.
In his latest interview with ausbiz, Peter Dragicevich, APAC Currency Strategist at Corpay Cross-Border Solutions, provided his views on the current economic landscape, identifying the US job market's impressive durability.
ausbiz: What the Bank of Japan's rate hold means for the economy
In his latest interview with ausbiz, Peter Dragicevich, APAC Currency Strategist at Corpay Cross-Border Solutions, explains the repercussions of the Bank of Japan's decision to uphold their extremely low interest rates.
