India May Need Rate Hikes, Tax Cuts to Buoy Rupee, Analysts Say
India’s central bank has mounted its strongest defense of the rupee in more than a decade, and said it’s not done yet.
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India’s central bank has mounted its strongest defense of the rupee in more than a decade, and said it’s not done yet.
While inflation numbers might not be disastrous, they’re still disappointing and moving in the wrong direction. Bloomberg Opinion columnist John Authers explains where this leaves the US, and if it will lead to any more rate hikes from the Fed. (Source: Bloomberg)
Robert Sockin, chief US economist at PGIM, says the US economy needs two more rate hikes at a minimum and that “the broader direction is up” for interest rates even if the Federal Reserve does not move at this month’s meeting. (Source: Bloomberg)
Yields in the US and other advanced economies have climbed to multidecade highs, tightening financial conditions, amid higher inflation triggered by the US-Iran war and concern about budget shortfalls. Traders have responded by paring rate-hike expectations, with the amount priced into swaps across eight major economies falling by almost 200 basis points since mid-September, according to data compiled by Bloomberg. Ed Yardeni, President at Yardeni Research, discusses his S&P call and why he believes rates are 'back to normal' and not 'higher for longer.' (Source: Bloomberg)
A rally in South Korean bonds may prove fleeting as the effect of government-led measures to quell volatility fades and expectations of further monetary policy tightening build, according to strategists.
Of all the factors buffeting Chile’s bond market at the moment, it’s the Federal Reserve and the outlook for further rate hikes in the world’s largest economy that are capturing the most attention.
Japan’s two-year government bond yield is closing in on the key 2% threshold as investors ramp up bets on further Bank of Japan rate hikes.
Max Kettner, chief multi-asset strategist at HSBC Bank, says equity markets have ‘100%’ discounted higher interest rates from here and points to the global strength in earnings supporting stocks. (Source: Bloomberg)
Potential Federal Reserve rate hikes starting this week could spur a correction in the S&P 500 as reduced corporate margins hurt profit outlooks and markets brace for a tightening cycle, according to Macro Risk Advisors LLC.