Financial News

“While we have seen modestly lower inflation readings in recent months, overall inflation remains high,” Fed Governor Michelle W. Bowman

US Mortgage Rates rose for the first time in five weeks, according to Freddie Mac numbers, with the January Jobs Report raising bets of a hawkish Fed move.

Bulgaria, set for another early election, could see a delay in its accession to the euro area beyond 2024 due to the combination of a lack of a stable government and elevated inflation.

Rising Inflation Expectations provide Fed with an additional argument to be more hawkish.

It was a busy start to the UK session, with UK economic data easing immediate fears of a UK recession. BoE chatter is up next.

Credit Suisse stock declined towards multi-decade lows amid worries about the company’s financial health.

Claims have remained low despite high-profile layoffs in the technology industry as well as the interest rate-sensitive finance and housing sectors.

Prelim German inflation figures for January may have eased pressure on the ECB to deliver more than a 50-basis point rate hike in March.

The price of oil was volatile after the release of the EIA report, but there were no major moves.

Williams said that the labor market is still very strong and that the central bank still has more work to do on interest rates.

Stats from Italy came in ahead of forecasts, with retail sales seeing a modest decline relative to neighboring member states.

Powell was less hawkish than expected, which was bearish for the U.S. dollar and bullish for riskier assets.

German industrial production fell by more than expected today, aligned with recent manufacturing PMI surveys. However, factory orders gave hope.

USD/CAD traders stay focused on the general strength of the U.S. dollar.

In a memo to employees, Jeff Clarke, co-chief operating officer said Dell has navigated economic downturns before, and “emerged stronger” as a result.

African economies’ recoveries are under continued pressure amid a range of external and internal shocks, underlying the need for renewed policy adjustments and better crafted international assistance.

Eurozone retail sales figures came in weaker-than-expected in December. However, the numbers are unlikely to deter the ECB from its policy goals.

US mortgage rates continued to declined, with the outlook looking rosier for the US housing sector looking rosier as affordability conditions improve.

The strong economic data shows that Fed has plenty of room for maneuver.

Non-Farm Payrolls increased by 517,000 for January, well above the Reuters estimate of 185,000. Unemployment drops to 3.4%.