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Broadcom (AVGO.O): Expands its collaboration agreement with Google Cloud in the field of network insights.April 22 – According to a Reuters poll of economists, the Federal Reserve will likely wait at least six months before lowering interest rates this year, as the energy shock triggered by war has further exacerbated already high inflation. In the April 17-21 survey, 56 of the 103 economists surveyed predicted that the Feds benchmark interest rate would remain in the 3.50% to 3.75% range until the end of September. In a survey conducted in late March, nearly 70% of economists expected at least one rate cut by then. In an early March survey, most economists expected a rate cut by the end of June. In the latest survey, 71 economists still expect at least one rate cut this year, with the median forecast indicating only one cut, consistent with the Feds dot plot projections released last month. Currently, nearly one-third of economists expect interest rates to remain unchanged this year, almost double the percentage in previous surveys.European Central Bank Chief Economist Lane: Until we know more about how long this war will last, it is difficult to judge whether this is just a temporary phase or a larger shock.A Reuters poll showed that 71 out of 103 economists expect the Federal Reserve to cut interest rates at least once this year.A Reuters poll of 103 economists found that 56 believe the Federal Reserve will keep the federal funds rate in the 3.50%-3.75% range until September (in a late March poll, 56 out of 82 economists predicted at least one rate cut in September).

The USD/JPY crosses the 135.00 mark as the DXY rises ahead of US inflation

Daniel Rogers

Aug 10, 2022 11:32

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The USD/JPY pair is climbing northward during the Asian session in an attempt to retake its two-week high at 135.58. The asset's price turned positive on Monday as a result of the abundance of bids that occurred near 134.50. The USD/JPY pair's two-day consolidated activity shows that market participants are anxiously awaiting the release of the US Consumer Price Index (CPI).

 

Investors expect a decrease in price pressures this time, thus the release of the US inflation report is crucial. The investment community is aware that the crisis between Russia and Ukraine sharply increased oil prices, which continued to be essential to pressures on global costs.

 

A more than 11% drop in oil prices in July contributed to the black gold's continued sluggishness and lowered inflation expectations. The market anticipates that the inflation rate will decrease from 9.1% to 8.7%. The core CPI, which does not include food and oil, is anticipated to increase to 6.1% from the previously announced 5.9%. It appears that the demand for durable goods is rapidly increasing again. The US dollar index (DXY) is currently aiming to surpass the 106.40 immediate barrier.

 

The yen bulls are circling Tokyo as a result of Japan's government reorganization. Finance Minister Shunichi Suzuki will probably remain in the cabinet after this week's reorganization by Japanese Prime Minister Fumio Kishida. All eyes will now be on the Japanese government's efforts to raise the labor cost index, which is essential for keeping inflation over 2%.


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