Yesterday's Decisions Strongly Influenced The Situation In The Market, How Will Today's Decisions Affect The Market?
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We thought that the Federal Reserve (Fed) decision would be the highlight of yesterday but news from Russia came to eclipse the FOMC.
Putin’s announcement and Fed decision
Vladimir Putin declared partial mobilization yesterday morning. Putin’s announcement, which fell like a bomb on investors who were already stressed out due to the Fed decision, sent capital to safe haven assets yesterday, but gains elsewhere than the US dollar remained short-lived.
On the FOMC front, the Fed delivered the third 75bp hike yesterday, as expected, but the dot plot revealed that the officials’ rate projections went well above the market expectations.
Banks' decisions
The Bank of Japan (BoJ) maintained its policy unchanged.
The Swiss National Bank hiked by 75bp hike*.
The Bank of England (BoE) could opt for 50bp hike, instead of 75bp, as Liz Truss’s energy package could help taming inflation.
While the Central Bank of Turkey (CBT) should keep its rate at 13%. BUT WHO KNOWS!
Watch the full episode to find out more!
- 0:00 Intro
- 0:28 Russia escalates tensions in Ukraine
- 2:35 Fed hikes
- 4:34 BoJ maintains status quo
- 5:42 SNB hikes, as expected*
- 6:12 BoE could hike by 50bp
- 7:30 Turkey: God knows.
*decision came after the shooting of the show
Ipek Ozkardeskaya
Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
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