16th March 2022
- Fed to Hike and Steepen Its Rate Policy Path: Decision-Day Guide
Powell preannounced plans for a quarter-point hike to Congress
Investors are focused on the 2022 dots to judge the path ahead
https://blinks.bloomberg.com/news/stories/R8R1VODWX2PS
- Treasury 30-Year Yield Rises to Highest Since 2019 Before FOMC
Russia’s invasion of Ukraine has added inflationary pressures
Fed expected to hike rates by 25 basis points on Wednesday
https://blinks.bloomberg.com/news/stories/R8QZ7DDWRGG0
- Oil’s Retreat Pauses After Shedding Most of Russian War Gains
Covid-19 flare-up in China raising concerns about consumption
WTI crude futures rise near $97 after falling 6.4% on Tuesday
https://blinks.bloomberg.com/news/stories/R8TMPYT0AFB4
- Raskin Withdraws From Fed Nomination After Support Crumbles
Manchin’s opposition over climate left nominee short of votes
Withdrawal may clear the way for Biden’s other Fed picks
https://blinks.bloomberg.com/news/stories/R8SXK6DWLU68
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