Economy

News Impact Illustrated: Jobs, CPI, PPI Releases


Following up on the PPI release (discussed along with other core measures) discussed here, how have markets responded, in terms of Fed funds futures, the ten year rate?

Source: CME accessed 6/12, 6/13/2024, 1:30pm CT.

The trajectory of Fed funds implied by futures is further depressed.

The ten year yield also dropped. In perspective:

Source: TradingEconomics, accessed 6/13/2024, edited by author.

We have consistent reactions — except for the PPI release — in the nominal value of the US dollar, as shown in the below figure (over the same period):

Source: TradingEconomics, accessed 6/13/2024, edited by author.

Of course, the dollar’s value against a basket of foreign currencies is affected by events and expectations revisions abroad, as well as at home.

 



Source link

Washington Digital News

Leave a Reply