Investors’ mood shifted sour as the time closed to read the Federal Reserve’s monetary policy statement and hear its Chairman Jerome Powell at the stand. Money market futures foresee a 25 bps rate hike, with odds at an 86.4% chance.
Three weeks ago, Jerome Powell opened the door for faster rate hikes before a banking crisis hit the US and abroad. Two lenders in the United States (US) collapsed, while First Republic Bank got aided by 11 banks pledging $30 billion. Late Tuesday, the US Secretary of Treasury Janet L. Yellen calmed the financial markets after stating that the government would intervene to protect depositors of small banks.
That was a green light for traders hungry for risk ahead of the Fed’s decision. Nevertheless, the three major US equity indices are trading below Tuesday’s close by a minimum percentage.
US Treasury bond yields had recovered some ground in the fixed income space, with 2s and 10s almost unchanged at 4.197% and 3.583%, respectively. The greenback is on the defensive, as shown by the US Dollar Index (DXY), down 0.07%, at 103.144.
On the Australian front, the minutes of the last meeting of the Reserve Bank of Australia (RBA) forgot to mention discussions for a higher rate hike, with board members considering only 25 bps. Regarding the strength of the banking system, the RBA’s Governor Kent states that banks are “unquestionably strong.”
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。