Despite a marked slowdown in the US economy, the Fed is on course to raise rates. Will they surprise us by not hiking? That is a remote scenario. Assuming a hike, the focus will be on the next moves as reflected in the dot-plot, the statement and Yellen’s press conference. The Fed’s $4.5 trillion balance [...]
The post Fed Video Preview: Beyond the dovish hike: more rate rises, QT appeared first on Forex Crunch.
The UK was expected to report a rise of 10K in jobless claims in May, after 19.4K in April (before revisions). The unemployment rate for April was predicted to remain unchanged at 4.6%. More importantly, wages were projected to rise by 2.4% y/y, the same as in March. Excluding bonuses, salary increases carried expectations for [...]
The post UK wages slow to only 2.1% – GBP falls appeared first on Forex Crunch.
Prices are rising at a faster clip than expected. Month over month, headline CPI rose by 0.3%, above 0.2% expected. Year over year, the advance is already 2.9% in May, also beyond 2.7% projected. It is not only energy. Core CPI follows through to 2.6%, above 2.4% expected. GBP/USD is bouncing from the lows, hitting [...]
The post UK inflation jumps to 2.9% – GBP/USD bounces appeared first on Forex Crunch.
