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Dollar Slides and Nasdaq 100 Reverses as Fed Officials Lean Into March Hike


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The Fed’s media blackout prior to the next FOMC rate decision (January 26) begins Saturday, and it seems officials are attempting to steer the market’s expectations for an early rate hike before the deadline. So, then why is the Dollar sliding?

 

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Just now, MongiIG said:

The Fed’s media blackout prior to the next FOMC rate decision (January 26) begins Saturday, and it seems officials are attempting to steer the market’s expectations for an early rate hike before the deadline. So, then why is the Dollar sliding?

SPY S&P 500 ETF, FED FORECAST, DOLLAR AND USDJPY TALKING POINTS

  • US factor inflation hit a record high but the true update on monetary policy this past session was the concerted messaging from FOMC members
  • Even the most dovish members of 2021 are warning of possible accelerated rate hikes which raises my expectations for a March rate hike sharply
  • A S&P 500 and risk asset retreat on a hawkish shift is to be expected, but the Dollar’s extended slide is creating confusion – though USDJPY may be the outlier

Article: Dollar Slides and Nasdaq 100 Reverses as Fed Officials Lean Into March Hike

DailyFX and IG.jpg

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