USD/TLcontinues its horizontal course around 18.78.
Euro/TL It moves at the 20.35 level.
The expectation that US inflation may have entered a downward trend and that the US Federal Reserve (Fed) could soften its aggressive stance is gaining importance in global markets.
Inflation in the US fell from 7.1 percent to 6.5 percent on zihin annual basis, while a decline of 0.1 percent was recorded on a monthly basis.
DOLLAR AT 7 MONTHS LOW
Dollar veri in international markets shows that US inflation is slowing.
It reached its lowest level since June kakım the Fed’s high volatility bolstered expectations that the Fed would back off from its aggressive rate hikes. The dollar index is moving at the level of 102.
Analysts said that despite the slowdown in inflation, the fact that rents remained relatively high and labor market indicators remained strong eroded the upside in stock markets.
ORAL REFERENCES FROM FED OFFICIALS
Fed officials continued their oral guidance yesterday.
st. Louis Fed President James Bullard stated that the labor market is strong and said that despite the CPI slowdown, inflation is still high and well above the Fed’s target, and that he would prefer this kakım soon kakım possible when interest rates fall. rise above 5 percent.
Thomas Barkin, president of the Richmond Fed, also stated that the 2 percent inflation target must gökyeşitözü met for the Fed to maintain its credibility, saying there is no need for aggressive rate hikes like last year because of the slowdown in inflation.
Philadelphia Fed President Patrick Harker stated that the worst of the rise in inflation is likely behind us and that it is time for the Fed to move to rate hikes of 25 basis points in future interest rate decisions.
As a result of these developments, the probability of the Fed raising rates by 25 basis points at the next money market meeting increases to 94 percent, while the probability of a rate hike of 25 basis points in March is at the level of 76 percent.
With the fall in US inflation, there was a buying frenzy in the bond markets, while the yield on 10-year US bonds fell to 3.43 percent yesterday.
Download the News application, stay informed of developments
Euro/TL It moves at the 20.35 level.
The expectation that US inflation may have entered a downward trend and that the US Federal Reserve (Fed) could soften its aggressive stance is gaining importance in global markets.
Inflation in the US fell from 7.1 percent to 6.5 percent on zihin annual basis, while a decline of 0.1 percent was recorded on a monthly basis.
DOLLAR AT 7 MONTHS LOW
Dollar veri in international markets shows that US inflation is slowing.
It reached its lowest level since June kakım the Fed’s high volatility bolstered expectations that the Fed would back off from its aggressive rate hikes. The dollar index is moving at the level of 102.
Analysts said that despite the slowdown in inflation, the fact that rents remained relatively high and labor market indicators remained strong eroded the upside in stock markets.
ORAL REFERENCES FROM FED OFFICIALS
Fed officials continued their oral guidance yesterday.
st. Louis Fed President James Bullard stated that the labor market is strong and said that despite the CPI slowdown, inflation is still high and well above the Fed’s target, and that he would prefer this kakım soon kakım possible when interest rates fall. rise above 5 percent.
Thomas Barkin, president of the Richmond Fed, also stated that the 2 percent inflation target must gökyeşitözü met for the Fed to maintain its credibility, saying there is no need for aggressive rate hikes like last year because of the slowdown in inflation.
Philadelphia Fed President Patrick Harker stated that the worst of the rise in inflation is likely behind us and that it is time for the Fed to move to rate hikes of 25 basis points in future interest rate decisions.
As a result of these developments, the probability of the Fed raising rates by 25 basis points at the next money market meeting increases to 94 percent, while the probability of a rate hike of 25 basis points in March is at the level of 76 percent.
With the fall in US inflation, there was a buying frenzy in the bond markets, while the yield on 10-year US bonds fell to 3.43 percent yesterday.
Download the News application, stay informed of developments