The Federal Reserve is widely expected to lift its target interest rate by 75 basis points tomorrow (Wed., Sep. 21). The question is whether the bond market has priced in the change? That’s a tough call until there’s deeper clarity on where inflation is headed.
Daily Archives: September 20, 2022
Macro Briefing: 20 September 2022
* Wall Street is anxious ahead of another expected rate hike on Wednesday
* Policy-sensitive 2yr Treasury yield set to rise above 4%
* Rate hikes by central banks may bring ‘string of financial crises,’ says World Bank
* US arrests at southwestern border exceed 2 million in a year for first time
* Mortgage rates rise to new 14-year high
* Sweden’s central bank lifts policy rate 100bps to fight surging inflation
* US Housing Market Index (homebuilder sentiment) fell again in September:
