Free Trial

Markets Back to Pre-FOMC Levels

Stocks now rallying (for the moment) after initial selling sent SPX to 3836.75 low. Hawkish forward guidance weighed on equities and helped push 2YY to new 15 year highs of 4.1168%, yield curves extending inversion (2s10s -52.492 low).
  • But flipside to hiking to is prospect of cutting rates as price stability and inflation comes back to 2.0% target helping current rebound with SPX tapping 3918.75 high.
  • Timing of Chair Powell comment on Recession risk: "no one knows whether this process will lead to a recession or if so, how significant that recession would be," coincided with dip in stocks to 3890.0.

To read the full story


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.