Bank of England seems happy with the adjustment in market rate expectations
Prior to the release of the report by Bank of England there had been some market discussion that the MPC might want to continue the process of signalling to the market that it felt the money market was too flat. Recall t…
Prior to the release of the report by Bank of England there had been some market discussion that the MPC might want to continue the process of signalling to the market that it felt the money market was too flat. Recall that the April MPC minutes highlighted the amazingly flat curve. This was an obvious signal for the market to reprice the projected speed of rate increases and the market duly responded. Thursday morning, the curve was pricing 1.5% by February 2018, steeper than the MPC's snapshot of the curve in the February Inflation Report and far above the curve at the time of the April MPC comments.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
