Fed's Jefferson: Weighing more data will allow the Fed to make a better call on rates
From the original
This headline is weighing on rates. US 2-year yields are down 13.5 bps now in a big reversal from earlier. This article was written by Adam Button at investinglive.com.
Related speeches
4 itemsUS Dollar: Fed hiking path and data risks – TD Securities - tmgm.com
FX Daily: October Fed hike remains very data dependent
The desk frames the recent soft US data as supportive of a cautious Fed, which, alongside elevated long-term yields, continues to underpin dollar strength. Per the full note, pricing for an October Fed hike has dipped to below 50% following disappointing consumer sentiment and job openings data, showcasing a growing data dependency in markets. The anticipation of today's releases of PCE inflation and ADP payrolls reinforces this notion, as both could influence short-term rate expectations. As the dollar remains bid—ringing in despite softer economic indicators—the stakes for the upcoming data releases have never been higher.
Federal Reserve: Inflation data steer policy path – TD Securities - tmgm.com
More like this
5 itemsFed’s Schmid: Rising long-term rates are starting to strain housing and commercial lending
ICYMI: BOJ opinions and tankan both point to more rate hikes after September's move
Australia: RBA says most mortgage holders keep equity even if house prices fall another 20%
Japanese firms expect consumer prices to rise 2.6% a year from now, down from 2.7%