Bassanese Bites: Fed to hike 0.25% – January 30 2023
Global markets
It was another positive week for risk sentiment globally, with mixed US activity data consistent with the continued possibility of a soft landing, while a key US inflation report was better than feared. All up, it left markets with the view that the Fed would raise interest rates by only 0.25% at this week’s policy meeting, and ever hopeful that Fed chair Powell might even signal a pause sometime soon.
