Tim Mazanec
Tim Mazanec
cause consistent fed help higher hikes inflation rate risk somewhat view worried yields
We are getting a consistent view from the Fed now that they are somewhat worried about the risk of a higher inflation rate. That is going to cause more rate hikes to come and higher yields will help the dollar.
meeting per point quarter rest view year
This reiterates the view of many that a quarter point per meeting for the rest of this year is in the cards,
came higher hikes price rate
The price index came in higher and that kind of confirms expectations for at least two more rate hikes from the Fed.
comments data fed indicative stronger suggest though wait
Even though the data has been inflationary and indicative of a stronger economy, comments from the Fed suggest they're going to wait and see.
ahead claims helped looking next tomorrow week
Jobless claims helped (the U.S. dollar), but we're looking ahead to tomorrow and next week at this point.
banks central continued dollar fed move outweigh rate reasons whereas
There are continued expectations of more Fed rate increases, whereas with other central banks we may only see a one- off move here and there. The reasons to be in the dollar outweigh any other currency.
definitely higher number spending strong
Overall, the ISM number is definitely a strong figure, as well as the construction spending report, which is much higher than expected.
although factory market orders report slightly spot
The factory orders report was very slightly better than expected, although after revisions it was pretty much spot on what the market was expecting.
matter momentum picking
It was all one way. It was just a matter of momentum picking up after 8 a.m..
difference dollar helping horizons interest investment
Interest-rate differentials are what are helping the dollar right now. The difference between U.S. and other investment horizons has widened of late.
costs fed increasing initially labor pause sooner unit
If unit labor costs are not increasing as much as we initially expected, that would get the Fed to pause (rate hikes) sooner than expected.
trend
It's a continuation of the trend we've seen.
dollar fed risks
The risks for the dollar are probably pretty even going into this Fed meeting.
closer dollar dove evidence hawk neutrality risk
The risk if you are a dollar hawk is they show they are closer to neutrality and if you are a dollar dove that they show no evidence of being done.