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Fed's bold pivot sets the stage for 2024

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Manage episode 390756206 series 3413702
Innehåll tillhandahållet av Ebury FX Talk. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Ebury FX Talk eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

In this episode, we delve into the aftermath of the Federal Reserve's unexpectedly dovish shift following its December policy meeting. FOMC Chair Powell said the ‘progress’ had been made on inflation, while noting that discussions were already being had on interest rate cuts. The ‘dot plot’ was also revised lower, suggesting a total of 75 basis points of cuts in 2024. Markets embraced the narrative of imminent and rapid rate reductions, triggering a sharp sell-off in the US dollar against most currencies.
We also give our thoughts on the December policy announcements from both the Bank of England and European Central Bank, while each picking the currencies that have surprised us the most in 2023.
We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk

Liked this show? Please leave us a review here – even one sentence helps!

We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk

Liked this show? Please leave us a review here – even one sentence helps!

  continue reading

99 episoder

Artwork
iconDela
 
Manage episode 390756206 series 3413702
Innehåll tillhandahållet av Ebury FX Talk. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Ebury FX Talk eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

In this episode, we delve into the aftermath of the Federal Reserve's unexpectedly dovish shift following its December policy meeting. FOMC Chair Powell said the ‘progress’ had been made on inflation, while noting that discussions were already being had on interest rate cuts. The ‘dot plot’ was also revised lower, suggesting a total of 75 basis points of cuts in 2024. Markets embraced the narrative of imminent and rapid rate reductions, triggering a sharp sell-off in the US dollar against most currencies.
We also give our thoughts on the December policy announcements from both the Bank of England and European Central Bank, while each picking the currencies that have surprised us the most in 2023.
We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk

Liked this show? Please leave us a review here – even one sentence helps!

We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk

Liked this show? Please leave us a review here – even one sentence helps!

  continue reading

99 episoder

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