27th January 2022

  • Powell Opens Door to Faster Rate-Hike Path to Curb Inflation

Fed chair open to more rate increases than forecast if needed

Fed will shrink its balance sheet after rate increases begin

https://blinks.bloomberg.com/news/stories/R6C6BHT1UM0W

  • Inflation Measure Cited by Powell Is About to Register More Heat

Projected gain in employment costs to almost match record

Other data include fourth-quarter GDP, December spending

https://blinks.bloomberg.com/news/stories/R5Z5YWDWRGG1

  • Bank of Canada Signals Hikes Are Imminent After Omicron Wave

Macklem bucks market expectations, holds rate at 0.25% for now

Loonie, bond yields moved lower ahead of Fed decision

https://blinks.bloomberg.com/news/stories/R6BZ9KT0G1KW

  • Oil Drops From Seven-Year High After Fed Flags Tighter Policy

Crude declines along with metals, equities as dollar advances

OPEC+ coalition set to meet next week to assess output policy

https://blinks.bloomberg.com/news/stories/R6CPI1DWLU69

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