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Fed Keeps Rates Unchanged – Likely Not Ready for March Cut

Minneapolis, MN | February 1, 2024 | HedgeTalk Newsletter | By: John Trefethen, Director & Co-Founder


Table of Contents:


  1. Market Moving Headlines

  2. Economic Calendar - Week of February 5th, 2024

  3. Interest Rates

  4. Currencies

  5. Commodities

  6. Quote of the Week


 

Market Moving Headlines


  • The Federal Reserve kept the fed funds rate unchanged at a 23-year high.

  • Fed Chair Powell says he doesn’t think a March rate cut is likely.

  • Heating oil futures approach a 12-week high.

  • Canadien dollar at a 3-week high.

  • US employment costs rise the least in 2-1/2 years.

  • US private employment rises less than expected.

  • German inflation rate drops to a 2-1/2 year low.

  • Chile retail sales fall for the 20th month.

  • Brazil jobless rate nears a 9-year low.

  • US mortgage applications slump 7.2% in the latest week.


 

Economic Calendar - Week of February 5th, 2024


Economic Calendar - Week of February 5th 2024


 

Interest Rates


Interest Rate Chart 1 - Feb 1st














Interest Rates Chart 2 - Feb 1














2Y - 10Y Spread - Past 12 Months 2024











Currencies

Currencies for the last week of January














Commodities

Commodities for the last week of January














 

Quote of the Week


“A good plan violently executed now is better than a perfect plan executed next week.” – General George S. Patton


 

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Author: John Trefethen, Director and Co-Founder

Mobile: 612-868-6013

Office: 952-746-6040

 

HedgeStar Media Contact:

Megan Roth, Marketing Manager

Office: 952-746-6056


 


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