The pivot from the RBA is being taken as a sign that the Fed might be nearer to the tip of the road that believed. The terminal price for March sits at 4.43% within the Fed funds futures market whereas there is a bid in bonds once more immediately.
Financial information immediately will all come at 10 am ET and contains manufacturing unit orders, new automobile gross sales and JOLTS. I imagine the job opening numbers are skewed by automated always-hiring practices at giant firms so it is new automobile gross sales that I will be watching most-closely. The consensus is 2.90m however excessive rates of interest might pinch demand.
Fed audio system immediately
- 9:00 am ET Logan
- 9:00 am ET Williams
- 9:15 am ET Mester
- 11:45 am ET Jefferson
- 13:00 am ET Daly
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