Archive for the ‘Jobless Claims’ tag
Fed Funds Price Out Rate Hikes Following ECB Hold on Rates
Despite a better-than-expected pending home sales report coming out of
the U.S. on Thursday, the day’s soft jobless claims figures are instead
dictating the direction of the Fed fund futures
market.
Year-end rate hikes are consequently in the midst of being priced out.
Markets are pricing in a 62.3% chance that the Federal Reserve will keep
rates on hold. That represents an 18% greater chance than…
Thursday’s Events: BOE, ECB Rates; CA Building Permits; U.S. Jobless Claims
The Bank of England and the European Central Bank rate decisions are
the highlights of the early morning, followed by Canadian building
permits, U.S. jobless claims and pending home sales for
the United States. In the afternoon, the Treasury department will sell
$10 billion in 30-year bonds.
Thursday’s Events: U.S. Jobless Claims, Existing Home Sales, Fed’s Geithner
U.S. jobless claims and existing home
sales will dominate the scheduled events of the day, along with
testimony from New York Fed President Timothy Geithner (voter) and SEC
Chairman Chris Cox. Meanwhile, European markets will be paying attention
to the release of the Belgian business confidence index and comments from
Bank of England Deputy Governor Charles Bean.