Mindblown: a blog about philosophy.
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End Of Day Report March 2nd
Credit Suisse& Barclays raises ECB terminal rate forecast to 4.0% (prev. 3.5%); sees 50bps hikes in March and May, followed by 25bps hikes in June and July Fed’s Bostic (non-voter) says Fed may have to do more given high inflation and strong jobs market, won’t decide until meeting on proper policy path; have seen "some…
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US Secretary of State Blinken says he told Russian Foreign Minister Lavrov that the US will always be ready to engage on strategic arms control
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Double Digit Fed Funds?
It is all about interest rates. Commodity prices, equity prices, real estate prices, volatility, and asset prices in general are all tied to a relatively obscure decision made by a group of men just praying that they can bring the economy to a soft landing. Is it possible? Of course, it is possible. Is it…
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End Of Day Report
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KASHKARI: OPEN MINDED ABOUT HIKING BY 25 BPS OR 50 BPS IN MARCH
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ECB’s Visco says the pace of further rate hikes beyond March will continue to be decided on the basis of incoming data and its impact on the inflation outlook
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Fed’s Bostic (2024 voter, neutral) maintains view Fed policy rate needs to rise to 5.00-5.25% range, policy rate will need to remain at that level well into 2024
Fed’s Bostic (2024 voter, neutral) maintains view Fed policy rate needs to rise to 5.00-5.25% range, policy rate will need to remain at that level well into 2024 Will need monetary policy to have a greater dampening effect on demand and slower wage growth before concluding inflation is moving steadily lower. Economy has the momentum…
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US ISM Mfg Prices Paid (Feb) 51.3 vs. Exp. 45.1 (Prev. 44.5)
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US ISM Manufacturing PMI (Feb) 47.7 vs. Exp. 48.0 (Prev. 47.4)
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Fed’s Mester says new inflation data affirms the case for more Fed rate hikes and it is going to take more tightening for the Fed to get inflation back to 2%; view on inflation and economy has not been changed by the latest data, according to Reuters
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