Archive for April 29th, 2022

Deeper Analysis

April 2022 in Figures

April 29, 2022

The medium-term outlook for the U.S. economy soured progressively during the past month. The Federal Reserve signaled that it had no choice but to embark on an aggressive tightening of its policy, and investors worried that containing inflation from its current multi-decade high could not be possible unless the economy endures a period of recession. […] More

Foreign Exchange Insights and Next Week

Next Week’s Menu: April 30 – May 6, 2022

April 29, 2022

Central Banks: Monetary policy meetings are scheduled in the United States, Australia, U.K., Poland, Czech Republic, Brazil, Norway, and Iceland. Fed Chairman Powell and Bank of England Governor Bailey will be speaking publicly. The Reserve Bank of Australia publishes its quarterly Monetary Policy Statement. Holidays and Events: British early spring bank holiday on Monday. Japanese […] More

Central Bank Watch

Central Bank of Russia Cuts Interest Rate Sharply Further

April 29, 2022

The Central Bank of Russia felt sufficient room to implement its second 300-basis point cut this month in its policy interest rate, which now becomes 14.0%.  Officials had been expected to reduce interest rates by just 200 basis points. Its statement of explanation touted the ruble’s recovery to pre-war levels and asserted that with”price and […] More

New Overnight Developments Abroad - Daily Update

Concerns about Corporate Earnings

April 29, 2022

Led by the tech sector especially pre-open declines of nearly 10% in Amazon and 2.5% in Apple, U.S. stock futures are lower on this final trading session of the difficult month of April. Amazon reported a quarterly drop in earnings, and Apple warned of persistent supply delays. Having touched a 19-year weighted high on Thursday, […] More