Morning Bid: Pondering the path of Fed policy
==========

The Federal Reserve and the enigmatic path of U.S. interest rates continue to dominate the market's attention. Fed Chair Jay Powell suggested last week that the bias is still towards easing, and further tightening is not a topic of discussion as of now. The lack of conviction among investors is clear in the differing directions for the dollar and Treasury yields this week, with the former pushing higher while long-term rates retreat. The Riksbank is widely expected to embark on its rate-cutting cycle today, after signalling at its last meeting an intention to ease either this month or next. The Bank of England announces policy on Thursday, and while no change is predicted this week, dovish bets have risen recently. Wednesday's data calendar is light in Europe, consisting mainly of some German factory numbers. The corporate calendar is heavy by comparison though, featuring earnings from such names as AB Inbev, BMW, and Continental.

#FederalReserve #UsInterestRates #JayPowell #Riksbank #BankOfEngland #GermanFactoryNumbers #Earnings

https://www.investing.com/news/economy/morning-bid-pondering-the-path-of-fed-policy-3427217