EUR/USD
1.19748
0.177%
Gold
5548.04
2.432%
Oil
63.865
0.843%
USD/JPY
153.295
-0.072%
GBP/USD
1.38336
0.190%
GBP/JPY
212.067
0.134%
Real-time News
Swiss customs data: Swiss seasonally adjusted watch exports rose 4.6% year-on-year in December, on a nominal basis, to CHF 2.15 billion.On January 29th, Mike Sanders, head of fixed income at Madison Investments, stated in a report that regardless of who is nominated, the next Federal Reserve chair will find it difficult to implement openly politically driven interest rate policies. He indicated that even appointing a more dovish candidate would be constrained by the cautious and conservative Federal Open Market Committee. "Attempting aggressive moves at the front of the yield curve is likely to lead to higher long-term yields, ultimately contradicting the original policy objectives," Sanders said.On January 29th, Scott Helfstein, Head of Investment Strategy at Global X, stated in a report that real interest rates may still be too high, potentially prompting the Federal Reserve to cut rates again soon. "This leads us to believe that the Fed may remain more dovish than the market expects and cut rates again as early as the first quarter," he said. Helfstein believes the current market is likely driven by fundamentals, and the earnings season so far has met high expectations, with many companies reiterating their guidance.On January 29th, Principal Asset Managements Global Chief Strategist, Hima Shah, stated that Federal Reserve Governor Wallers dissenting vote on the Feds decision to keep interest rates unchanged solidifies his position as a contender for Fed Chair. "More importantly, his argument that policy needs to move closer to a neutral stance is likely to gain more support over time—especially as signs of a cooling labor market become more concrete and the downward trend in inflation persists," Shah said.On January 29th, Catalyst Funds Chief Investment Officer David Miller noted in a report that the two dissenting votes at this Federal Reserve meeting "highlight growing concerns that policy may already be tight enough." He stated that while inflation is cooling and labor market momentum is weakening, the broader committee indicated a cautious, meeting-by-meeting approach to policymaking in 2026. Miller believes that against the backdrop of legal scrutiny and questions about the Feds independence, the outcome of this meeting was less of a strong policy statement and more of a pattern of maintaining the status quo. In this interest rate decision, Milan and Waller opposed the decision to keep interest rates unchanged, advocating for a 25 basis point cut.
