The Federal Reserve is expected to lift interest rates again at the next FOMC meeting on Feb. 1, but the futures market is pricing in high odds that the increase will be trimmed to a relatively mild 25 basis points. Animating the softer outlook for monetary policy changes is yesterday’s encouraging news on inflation.
Daily Archives: January 13, 2023
Macro Briefing: 13 January 2023
* IMF expects world economy will start to rebound later this year
* Fed officials signal softer rate hike ahead but no cut
* Attorney general appoints special prosecutor to investigate Biden documents
* Europe’s mild winter softens economic blowback from Ukraine war
* China exports fall less than expected in December
* Germany’s economy slowed less than expected in 2022
* UK economy unexpectedly grew in November
* Many of the largest stock and bond index funds have underperformed recently
* US jobless claims edge lower in kick-off week to new year
* US consumer inflation continues to cool in December:
