Rubrics Morning Comment 11.01.22 – Rubrics – Asset Management

11th January 2022

Traders Follow Goldman Call as Cash Piles Into March Fed Liftoff

Open interest in February Fed Funds futures is sharply rising

Goldman Sachs changes Fed call, sees first rate hike in March

https://blinks.bloomberg.com/news/stories/R5I0P8T0G1LG

Powell Says Fed to Ensure Inflation Doesn’t Take Root in Economy

Fed chair comments in opening remarks for confirmation hearing

Says the ‘post-pandemic economy is likely to be different’

https://blinks.bloomberg.com/news/stories/R5I48CDWLU6I

Four Fed Hikes May Be Just the Start as Traders Boost Rate Bets

Options trades suggest bets on eight increases by early 2024

Bond market now set to focus on Fed testimony, inflation data

https://blinks.bloomberg.com/news/stories/R5J5YZT1UM0W

Oil Gains Before U.S. Stockpiles Data as Libyan Output Monitored

WTI futures advance toward $79 a barrel after two-day decline

API to release weekly estimate for changes in U.S. inventories

https://blinks.bloomberg.com/news/stories/R5J1M1DWRGG4

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