Less dovish, more reassuring Fed to back USD recovery? | MarketTalk: What’s up today? | Swissquote
About this video
The Federal Reserve (Fed) has finally pulled the trigger on rate cuts — 25bps down, with two more likely this year. But the dot plot reveals deep divisions inside the Fed for next year: some see no further moves, a few even expect hikes, while others want far steeper cuts. For now, the message is clear: the Fed is not bending to political pressure, and markets are left guessing what comes next.
Stocks wobbled, yields bounced and the dollar bounced back from the year lows, but sentiment is getting bullish as investors digest the news, and the dollar could claim a medium term bullish correction on the way Fed manages its policy and its independence.
On individual news, Nvidia took a hit after Beijing told Alibaba and ByteDance to halt orders, a move that could cost up to $1bn in annual sales.
Elsewhere, the Bank of Canada (BoC) followed with a cut, and all eyes are now on the Bank of England (BoE) which is faced with rising inflation in a slowing economy and narrowing budget headroom.
Watch the full episode to find out more!
0:00 Intro
1:02 Fed: Less dovish, more reassuring but though more divided
4:15 Nvidia's Chinese troubles : saga continues
5:22 Asian markets rally on Fed cut
6:13 BoE to stay pat but not for encouraging reasons...
7:18 FX update: time for a USD recovery?
8:18 Gold, silver, crude oil retreat as USD rebounds
Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
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#Swissquote #MarketTalk
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