As somebody whose start in markets came in interbank foreign exchange, I am used to a degree of obsession with central banks. Back when I started in that market, which was longer ago than I care to admit, central banks still believed that they controlled the fate of their own currencies.
Then, on Thursday morning, the more forward-looking PPI indicated that the slight resurgence in inflation that we have seen in the first quarter may be over, and markets moved in the opposite directions. The most remarkable thing about this bout of intense Fed watching is that the more information we get, it seems, the less we know. Just three months ago, the bond market was pricing in six or seven rate cuts this year.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: OilandEnergy - 🏆 34. / 68 Read more »
Source: The Yorkshire Post - 🏆 39. / 66 Read more »
Source: OilandEnergy - 🏆 34. / 68 Read more »
Cost of living energy bills: What is the energy price cap?The £238 fall over the year equates to around £20 saved each month for the average household in England, Scotland and Wales
Source: Observer_Owl - 🏆 18. / 72 Read more »
Energy bills: Take your energy meter readings this weekendThe average household in England, Wales and Scotland will pay £1,690 a year for their energy, a reduction of £238
Source: Glasgow_Times - 🏆 76. / 59 Read more »
Source: OilandEnergy - 🏆 34. / 68 Read more »