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Your weekly economic update from the team at FXD Capital USD reached its highest level since July 2020 as news continues to build around a Federal Reserve rate rise over the coming months. On Wednesday, chair Jerome Powell rather ambitiously refused to rule out whether the Fed could raise rates at every policy meeting this […]
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Your weekly economic update from the team at FXD Capital Reports of inflation, defection and the expiration of Plan B Covid measures in England on 24 March filled our news feeds this week. With the Omicron wave having peaked nationally, the economy faces the notion of learning to live alongside the virus as pandemic restrictions […]
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Your weekly economic update from the team at FXD Capital On Wednesday, US consumer prices printed a rise of 7% on the year for December 2021, setting a new precedent that hasn’t been broken for 40 years. Incidentally, wholesale prices grew by 9.7%, the delta between that and the consumer index possibly highlighting the hoops […]
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Your weekly economic update from the team at FXD Capital As 2022 begins, markets restart with expectations for a turbulent and uncertain year. Despite the turmoil surrounding a global pandemic, investors’ proverbial boots were filled over the preceding two years due to the range of stimuli injected into markets paralysed by lockdowns and supply chain […]
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Your weekly economic update from the team at FXD Capital The Bank of England flinched and increased rates Thursday, while the 0.15% raise to 0.25% was a pyrrhic victory inflation doom-mongers, a series of events intertwined with the decision were more intriguing to indulge with comment. Firstly, the IMF publicly castigated the BOE warning them […]
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Your weekly economic update from the team at FXD Capital With the markets digesting the effects of the Omicron variant with erratic swings on an intra-day basis, one day, the crash of all crashes is coming and then the next, everything goes back to all-time highs. However, the main drivers of events are switching from […]
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Your weekly economic update from the team at FXD Capital The prior week has undoubtedly been an interesting one for markets, combining Omicron virus concerns and more central bank posturing. Markets reminded investors why they hold government bonds when stock markets all fell on the announcement of the Omicron variant in South Africa; prime government […]
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Your weekly economic update from the team at FXD Capital On Monday, US president Joe Biden renominated Jerome Powell for another term as chair of the Federal Reserve. The news was interpreted as a blessing for his recent policy stance on combating inflation, essentially through an impending increase in interest rates next year. Inevitably, the […]
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Your weekly economic update from the team at FXD Capital Consumer confidence is quite an ambiguous indicator; it’s one of those monthly scheduled data points released, interpreted and then quickly discarded. Behind the scenes, confidence data is collected via a survey by GfK, polling consumers on various factors, with the final collated figure intended to […]
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Your weekly economic update from the team at FXD Capital US US consumer prices rose 6.2% in the 12 months to October 2021, with Wednesday’s figures continuing the year-long trend of spiralling prices and fascinations with used cars. Off the back of the print, USD strengthened to its highest levels against EUR and GBP since […]