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☆ Watch CNBC’s full post-market discussion with Cantor's Eric Johnston, Hightower’s Stephanie Link and Jennison Associates’ Erika Klauer
▼ + stars: | 2022-12-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full post-market discussion with Cantor's Eric Johnston, Hightower’s Stephanie Link and Jennison Associates’ Erika KlauerCantor's Eric Johnston, Hightower’s Stephanie Link and Jennison Associates’ Erika Klauer join 'Closing Bell: Overtime' to discuss the markets after a busy week that featured a new CPI report and the Fed raising interest rates by 50bps.

☆ Dollar eases, but inflation outlook stays high on investors' radar
▼ + stars: | 2022-12-12 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

The U.S. Federal Reserve, the European Central Bank, the Bank of England and the Swiss National Bank will all release rate decisions. Friday's data that showed U.S. producer prices rose 7.4% year-on-year in November, compared with forecasts for a rise of 7.2%, has reminded investors of how sticky inflation is proving. Consumer inflation data for November lands on Tuesday and is expected to show a 6.1% increase in the core reading, which excludes food and energy prices, down from 6.3% in October. Against the yen the dollar rose 0.2% to 136.78. The offshore yuan was mostly flat at 6.977 per dollar, further pressured by worries over a potential spike in COVID cases as China eases its stringent COVID-19 restrictions.

☆ Dollar seesaws as inflation outlook stays high on investors' radar
▼ + stars: | 2022-12-12 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

The U.S. Federal Reserve, the European Central Bank, the Bank of England and the Swiss National Bank will all release rate decisions. Friday's data that showed U.S. producer prices rose 7.4% year-on-year in November, compared with forecasts for a rise of 7.2%, has reminded investors of how sticky inflation is proving. Consumer inflation data for November lands on Tuesday and is expected to show a 6.1% increase in the core reading, which excludes food and energy prices, down from 6.3% in October. Against the yen the dollar rose 0.2% to 136.87. Reporting by Rae Wee; Editing by Lincoln Feast, Bradley Perrett and Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

☆ We're on the side of 50bps in February and 25bps in March, says CFRA's Stovall
▼ + stars: | 2022-12-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're on the side of 50bps in February and 25bps in March, says CFRA's StovallSam Stovall, CFRA Research chief investment strategist, and Sameer Samana, Wells Fargo Investment Institute, join 'Squawk on the Street' to discuss Powell's recent comments at Brookings, whether now is a good time to buy equities and more.

☆ J.P.Morgan predicts a mild U.S. recession next year
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +1 min

Nov 17 (Reuters) - J.P.Morgan economists predict a "mild recession" in the United States in the back half of next year given expectations for the Federal Reserve to tighten monetary policy further in its battle against inflation. The investment bank sees the economy contracting by 0.5% by the fourth quarter of next year, and possibly dragging into 2024. That is seen cutting 2023 U.S. gross domestic product (GDP) to 1%, almost half of its forecast for 2022. A 50-bps hike is expected in December, followed by 25 bps each in February and March. Personal consumption expenditure - the Fed's preferred inflation metric - is expected to moderate to 3.4% next year.

☆ HSBC cuts UK terminal rate forecast to 3.75% from 4.25%
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 4 (Reuters) - HSBC said on Friday that it had revised down its forecasts for UK interest rates in the current tightening cycle, and now sees just two more increases. In a note, HSBC said it now forecasts a 50 basis point increase in December and then a 25 basis point rise in February, taking Bank Rate to 3.75%. "Whether or not the BoE is ultimately proved right, less tightening is likely in the near term," HSBC analysts said in a note. Previously, the bank had forecast increases of 50bps in December, then a further 50bps in February and then 25bps in March, which would have taken Bank Rate to 4.25%. Reporting by Dhara Ranasinghe; Editing by Amanda CooperOur Standards: The Thomson Reuters Trust Principles.

The net effect was to catapult next year's implied Fed terminal rate well above 5%. Fed vs BoE Terminal RatesNIESR chart on UK variable mortgagesBANK "IN A HOLE"Although the BoE insisted further hikes from 3% would likely be needed, two of the nine person policymaking council voted for a smaller rate rise this week. State Street's EMEA macro strategist Tim Graf also thinks a terminal rate closer to 4% is now "the more likely end state for policy rates." The BoE needs to be super careful about the pound because another withering lurch will simply aggravate import and energy price inflation. by Mike Dolan, Twitter: @reutersMikeD; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ VIEW Bank of England lifts UK rates to 3% in historic hike
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Toby MelvilleLONDON, Nov 3 (Reuters) - The Bank of England raised UK interest rates to 3% on Thursday in its largest rate hike since 1989 and warned of a "very challenging outlook" for the economy. Money markets showed traders now expect UK rates to peak at 4.6% by next September, compared to expectations of 4.8% just two days ago. UK bank stocks (.FTNMX301010) fell 0.8%BONDS: Yields on the two-year gilt were last up 1 basis points at 3.041%, compared with 3.064% before the BoE announced its decision. Rates markets are pricing another 50bps hike at each of the December and February meetings, although still reflect a lower terminal rate than just a week ago. ANDREW ALDRIDGE, PARTNER AT DEEPBRIDGE CAPITAL, LONDON"Quelling rampant inflation and kickstarting a slowing economy left the Bank facing a difficult balancing act, with today's interest rate hike to 3% hardly surprising in this context.

LONDON/TOKYO, Nov 2 (Reuters) - The U.S. dollar slipped on Wednesday as investors awaited for the U.S. Federal Reserve's policy decision amid speculation it might indicate a slowdown in future rate hikes. But for the December meeting, the futures market is split on the odds of a 75- or 50-bps increase. It will be a difficult balance to strike for Powell," said Daria Parkhomenko, FX strategist at RBC Capital Markets. Against the weakening dollar, the euro and sterling edged up to $0.9889 and $1.1494, respectively. YEN JUMPSThe yen , down a whopping 28% against the U.S. dollar this year, outperformed, with traders on alert for possible intervention around the Fed meeting.

☆ London stocks fall with eyes on BoE meet after Fed's big rate hike
▼ + stars: | 2022-09-22 | by ( Bansari Mayur Kamdar | ) www.reuters.com time to read: +2 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. The blue-chip FTSE 100 index (.FTSE) fell 0.4% and the domestically focussed mid-cap index (.FTMC) declined 1.0%, tracking weakness in European and Asian peers. read moreBanks (.FTNMX301010) and insurers (.FTNMX303010) fell 0.6% and 0.4%, respectively, weighing on the benchmark FTSE 100 index. So going forward, as the BoE continues to hike rates, it could be negative for bank stocks." Meanwhile, the sterling pared early losses after briefly hitting a new 37-year low against a firm dollar.

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