Stocks Despite the higher than expected inflation rate and job data, there was a small rebound. Yields The rise Bond Prices fell, which led to a slight unwinding of some of these. month’s hefty selloff. The following data was available: The labor market is historically tight. Initial jobless claims (a proxy for layoffs) fell by 3,000 last week to 192,000, seasonally adjusted. This is far below the 2019 pre-pandemic median. At least for now, it appears that the Fed’s hawkishness is overrated and that the market is ready to fight inflation. Traders see a 27% chance At its next meeting, the Fed could increase rates by half a point more aggressively than it did a month ago. This is up from 1.3% a month earlier.
- USD Index It remains cloudy, holding onto the 104.00 Level for a Third Day, but is below its 104.68 Overnight high
- JPY To be rallied 135.36 ahead of Friday’s hearing in the lower house of parliament on the nomination of Kazuo Ueda as the next BoJ governor, and after current BoJ Governor Kuroda said the Bank plans to maintain its accommodative stance, but it has fallen back to 134.00. Currently settled at 134.80.
- Stocks – With the increase in stock prices, stocks are more solid. US500 US100 About 0.6%While the US30 Is 0.45% higher. Pop in Nvidia (+14%) After an earnings…