17th February 2023

  • Traders Start to Bet Fed Will Go for Another Half-Point Hike

Action in SOFR options market follows hawkish Mester comments

Rate volatility rises as wagers on 50 basis-point move build

https://blinks.bloomberg.com/news/stories/RQ6NIVDWRGG1

  • Fed Hawks See Possible Case for Returning to Larger Rate Hikes

Mester says Fed must be prepared to move higher, hold longer

Bullard says further rate hikes can help lock in disinflation

https://blinks.bloomberg.com/news/stories/RQ6WEST0AFB6

  • US Producer Prices Exceed Forecast in Biggest Gain Since June

Index of wholesale costs rose 0.7% in January on monthly basis

Goods prices climbed 1.2%, while measure of services rose 0.4%

https://blinks.bloomberg.com/news/stories/RQ6GQVDWRGG2

  • US Household Debt Surges as Young Borrowers Struggle With Loans

Delinquencies, although still below pre-Covid, are ticking up

Borrowers in 20s and 30s fall behind on car-loan payments

https://blinks.bloomberg.com/news/stories/RQ6CMVDWRGG0

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