Resilient US sales fuel Fed hawks. FOMC minutes in focus | MarketTalk: What’s up today? | Swissquote

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The Americans continue spending, US retail sales grew 0.7% on a monthly basis and more than 3% on a yearly basis - the biggest figure since January. The resilience of the US consumer spending sapped investor sentiment by fueling inflation expectations and Federal Reserve (Fed) hawks. Yields rose, stocks fell and USD gained.

In Europe, Cable bulls resist to the bears around the 1.27, on record wages growth and sticky inflation while Europeans watch GDP and industrial production data to assess the slowdown in economy.

Far away, the Reserve Bank of New Zealand (RBNZ) held its cash rate unchanged for the 2nd consecutive month but warned that there is a risk that activity and inflation measures do not slow as much as expected, and due today, the FOMC minutes will likely show that the Fed officials remain cautious despite the latest fall in inflation numbers.

Watch the full episode to find out more!

0:00 Intro
0:31 US retail sales fuel Fed hawks
3:10 UK wages, inflation supports BoE hawks
4:59 Weak European growth won’t change the ECB stance
8:05 RBNZ holds, FOMC minutes due later today!

Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

#FOMC #minutes #USD #retail #sales #GBP #inflation #EUR #GDP #production #crude #oil #natgas #RBNZ #NZD
#SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news
#Swissquote #MarketTalk #marketanalysis #marketcommentary
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What do you think of the 10 year yield at these levels, Ipek? Some say that we are approaching a short term top. Looks like oil may recover from this pullback. FOMC will sure move the yields around!

samthedoor
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£32, 000 weekly profits our lord Jesus have lifted me up.

pericomok