Since the March meeting of the FOMC, there have been so big moves in the US treasury curve. Chairman Jerome Powell struck a positive but Dovish tone. He claimed that the 'underlying economic fundamentals are still strong.' This was despite Fed forecasts that are predicting slower short term growth and lower inflation.
Read moreToday the Federal Reserve is expected to hike interest rates for the third time since the financial crisis. This is expected to be the first of 3 hikes in 2017, as the US economy is seen as strong enough to handle multiple hikes a year.
Read moreYesterday German bond yields fell to record lows amidst fears that the far right could win the French Election.
Read moreNormally, the Bank of England’s Quarterly Inflation Report will be the most important document for the future of the UK economy on the day it is published. Today though it is taking a backseat to the White Paper released detailing (for want of a better word) the Government’s plan for Brexit.
Read moreThis morning the UK Supreme Court upheld the lower court’s ruling that Parliament would need to be consulted on the triggering of article 50. This ruling passed 8-3 and means that a bill will need to be presented to Parliament and voted on.
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