More from Williams Don’t look now but 10s-30s is at 18 bps and 2s-30s is at just 62 bps. And Williams is talking about 75 bps more of rate hikes this year. Other comments:
Harker in Philadelphia No real comments on rates or the economic outlook. He warned that student loan debt could burden new workers and dissuade others from higher education.
Kashkari discusses too-big-to-fail in Washington – We must look beyond U3 to gauge slack – Slow wage growth shows slack – Main street hasn’t fully recovered from crisis Expect more headlines as he answers questions from the event moderator and audience.
Dudley on CNBC – Trade threats still pose risk to the economy – Stock market valuations don’t look unreasonable – China’s currency likely appreciated over the past year Dudley is the New York Fed President but he’s retiring in June., Williams will replace him.
Comments from Kaplan – Cyclical wage pressures will build in 2018 – Pricing power of business more limited than we’re used to seeing at this stage in the cycle The comment on pricing power is the most notable one, it’s another acknowledgement that inflation isn’t isn’t behaving like it ‘should’.
And moves to within 100 pips of the SNB depeg level of 1.2000 Way back in January 2015, the SNB surprised the market and pulled the rug out of the pegging of the EURCHF at 1.2000 level. The price plunged (there are numerous lows). Three+ years later the price traded within 70 pips of the…
Based today at trend line and 100 day MA The USDCHF is surging higher today and in the process is trading above its 200 day MA at 0.9656. The pair got a boost today after basing near the 100 day MA at 0.9584 (the low reached 0.95802 before quickly reversing), and a lower trend line…
First time above the technical level in three months The last time USD/CHF was above the 200-dma since January 12.
A break above the 200 week MA today is key today The GBPCHF is following the runs higher in the other CHF pairs including the and the . USDCHF EURCHF
Reuters report – US, Canadian and Mexican ministers to meet in Washington Thursday – Meeting unlikely to produce any kind of announcement – Nations not in position at this point to say that they have closed any more chapters My spider-sense is tingling on this one. This could be some disinformation to keep an announcement…