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The FOMC’s Hawkish Cut Slams Risk Appetite
The FOMC took a page from what its northern neighbour did last week and delivered a hawkish 25bps cut. Birds of a feather I say, as clearly central banks in this neck of the woods are getting a little more nervous about multiple uncertainties like the tone of data and the risks surrounding the incoming US administration. The effects drove higher market-driven borrowing costs, a stronger dollar and a sharp drop in stocks. CAD, for example, depreciated by over a penny to the USD and stands at 1.4447 on a USDCAD basis (69.2 cents US). The US 2-year Treasury yield moved up about 13bps and so did the 10-year yield. ... (full story)
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- Posted: Dec 18, 2024 7:26pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 7,831
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