2nd March 2023

  • Fed Officials Lean Into Higher Rates as Inflation Keeps Going

Bostic urges 5% to 5.25% rates into 2024 to curb inflation

Kashkari open-minded on quarter- or half-point March hike

https://blinks.bloomberg.com/news/stories/RQUL01DWLU68

  • Trader Doubles Money on Big 6% Fed Rate Bet as Unwind Begins

Swift repricing of Fed’s rate path prompts profit-taking

Around two thirds of wager from early February remains

https://blinks.bloomberg.com/news/stories/RQUVG3DWX2Q1

  • Treasury 10-Year Yield Hits 4% as Bets on Fed Rate Peak Increase

ISM gauge of factory activity rose for first time in 6 months

US 30-year is only major benchmark that hasn’t breached 4%

https://blinks.bloomberg.com/news/stories/RQULL5DWLU68

  • Oil Gains in Erratic Session as Record Exports Excite the Bulls

Record export figures slow down US crude stockpile builds

WTI breaks through resistance at 50-day moving average

https://blinks.bloomberg.com/news/stories/RQUXE7DWRGG1

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