The market is saying one thing. Some Fed officials are telling a different story.
Bostic's Atlanta Fed’s GDPNow model currently projects 2.5% growth for Q3, with an update due Friday. On inflation, the Atlanta Fed’s sticky-price CPI rose 4.6% annualized in July after 4.3% in June, and is up 3.4% year-over-year, highlighting persistent price pressures in slower-moving categories. I can understand his hesitancy given that data.
Fed officials are not 100%.
2-year yield 3.678%, -5.2 basis points5 -year yield 3.768%, -5.3 basis points10 year yield 4.238%, -5.5 basis points30 year yield 4.829%, -5.6 basis points
A look at the USD changes vs the major currencies shows:
EUR -0.21%JPY -0.28%GBP -0.53%CHF -0.11%CAD -0.07%AUD -0.25%NZD -0.29%Dow industrial average +1.04%.S&P index +0.32%NASDAQ index +0.14%.Russell 2000 +1.98% after yesterday's 2.99% rise.
Crude oil continued its move to the downside falling further away from its 100 day moving average at $64.77. The current price is trading at $62.75 down $0.43 from yesterday's trade.
Bitcoin rose by $2600 to -$122,729. Bullish (the company) is a global digital asset platform focused on institutional investors, combining elements of both centralized and decentralized finance. It operates a regulated cryptocurrency exchange, Bullish Exchange, and also owns CoinDesk, a leading digital asset media and data provider. The company aims to provide market infrastructure and information services for institutions engaging with digital assets. And after searching to $118 then fell sharply to close near session lows at $68..
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about investinglive americas fx news wrap 13 aug fed officials are cautious but markets are not was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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