Democrats are rushing to extend jobless benefits by March 14, when aid would lapse for millions. There will likely be a gap even if Congress meets the deadline.
Archiv für den Monat: März 2021
Nasdaq 100, S&P 500, Dow Jones Forecast: Growth, Tech Stocks Falling Out of Favor?
Rising longer-term Treasury yields and a relatively sanguine Fed may place the Nasdaq 100 at risk as the Dow Jones holds up. Are growth stocks falling out of favor for value ones?
Euro Forecast: EUR/USD to Weaken if ECB Increases Bond Buying
This Thursday’s meeting of ECB policymakers is live; there will be no major changes to Eurozone monetary policy but it could be tweaked in response to rising sovereign bond yields.
Gold Price Outlook Remains Mired by Broader Recovery in US Yields
The recovery in longer-dated US Treasury yields may keep gold prices under pressure as the Federal Reserve appears to be in no rush to alter the path for monetary policy.
Crude Oil Prices Aiming Higher on OPEC Surprise, Inflation Expectations
Supply constraints, rebounding global demand and rising inflation expectations may drive crude oil prices higher in the near term.
US Senate passes $1.9 trillion stimulus bill
Huge spending bill passes 50-49
The US Senate passed Biden’s $1.9 trillion stimulus package with a number of amendments after a marathon session. The bill now heads back to the House where a vote will be held on Tuesday. It could be signed into law shortly afterwards.
The US Senate passed Biden’s $1.9 trillion stimulus package with a number of amendments after a marathon session. The bill now heads back to the House where a vote will be held on Tuesday. It could be signed into law shortly afterwards.
A Fed hike is fully priced in for December 2022
What does it mean?
The eurodollar curve has fully priced in an FOMC interest rate hike in December 2022.
That’s in stark contrast to Fed forecasts and messaging so one side has to be wrong. Normally that would be the Fed but maybe the rules of the game have changed.
The eurodollar curve has fully priced in an FOMC interest rate hike in December 2022.
That’s in stark contrast to Fed forecasts and messaging so one side has to be wrong. Normally that would be the Fed but maybe the rules of the game have changed.