2nd February 2023

  • Fed Traders See Pivot to Half-Point Cut in Second Half of 2023

Swaps market ramp-up policy rate cuts from June peak rate

Odds of March pause rise, hike premium drops from May meeting

https://blinks.bloomberg.com/news/stories/RPF5JKDWX2PW

  • Fed Slows Rate Hikes Even as Powell Says There’s More Work to Do

Target range raised by 25 basis points to 4.5%-4.75%

Fed says inflation has eased, but it remains elevated

https://blinks.bloomberg.com/news/stories/RPF7DTDWLU6A

  • Oil Gains Ground as Traders Size Up Weaker Dollar, China Outlook

US currency declines as Fed says pace of inflation has eased

WTI rises toward $77 a barrel after falling by over 3% midweek

https://blinks.bloomberg.com/news/stories/RPFZ7ET0G1KX

  • Powell Warns Against View Fed Can Shield Economy From a Default

Fed chief said central bank will monitor money markets closely

Chair expects Congress to reach a deal to raise debt limit

https://blinks.bloomberg.com/news/stories/RPDB9LT0AFB4

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