Bullard from the US Federal Reserve commented that he supports further interest rate hikes in the US and higher rates overall serve as good protection against inflation. However, Bullard's statement also contained a dovish element as he mentioned being open to considerations during the upcoming FOMC meeting before making specific decisions. According to Bullard, the panic surrounding the banking sector was exaggerated and the recent decline in yields will have a much greater impact on the economy.
Source: xStation %
Daily Summary - Oil gains due to uncertainty, market awaits inflation data
Chart of the Day: USDJPY Rises Again. Intervention Is Not Enough — Markets Await BoJ Action
Economic Calendar: RBA Holds Rates, Markets Await US Housing Data
Daily Summary: Failure of negotiations in the gulf, oil and gas prices soar
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
