EUR/USD
1.18008
-0.049%
Gold
4878.46
-1.756%
Oil
63.277
-1.487%
USD/JPY
156.895
0.013%
GBP/USD
1.35445
-0.789%
GBP/JPY
212.511
-0.753%
Real-time News
U.S. Treasury Secretary Bessenter: I saw very strong foreign demand in the Treasury auctions.U.S. Treasury Secretary Bessenter: The Treasury market has shown great resilience.February 6th - Bank of England Governor Andrew Bailey appeared to agree with market predictions of a 50/50 chance of an interest rate cut in March. In an interview on Thursday, he stated, "I think by March, a 50/50 bet on a rate cut isnt too bad." This followed the Bank of Englands surprising decision to keep rates unchanged by a narrow 5-4 vote. Bailey said, "To some extent, the market is asking itself the same questions Im asking, or rather, theyre trying to figure out exactly what questions Im asking." In the latest policy meeting statement, Bailey indicated he believes there is still room for further easing, but added, "This doesnt mean I expect to lower the benchmark interest rate at any particular meeting. At the next meeting, I will ask whether a rate cut is a reasonable move." Bailey stated he needs to see "more evidence" that the central bank will remain near its 2% target level after expecting inflation to be close to that level in April. Bailey also stated that the central bank is now "closer" to the neutral interest rate level. This is partly why the Monetary Policy Committee removed the word "gradual" from its statements regarding future rate cuts.Federal Reserves Bostic: Independence means officials should look to the longer term.Federal Reserve official Bostic: Other officials, such as those in Congress, have a shorter-term perspective.
