After a series of supersize rate hikes in 2022, traders are overwhelmingly betting on a quarter-point rise from the Federal Reserve at its first meeting of...
After a series of supersize rate hikes in 2022, traders are overwhelmingly betting on a standard quarter-point rise from the Federal Reserve at its first meeting of 2023 following a further slowdown in inflation and remarks by policy makers.
“U.S. inflation shows price pressures are easing, yet in an environment of a strong jobs market, the Federal Reserve will be wary of calling the top in interest rates. A 25bp hike in February is likely with a further 25bp in March. Inflation will slow even more meaningfully in 2Q though, with the prospects for 2H rate cuts looking strong as recession bites hard,” said James Knightley, chief international economist at ING, in a note.
Fed-funds futures had reflected a 76.7% chance of a quarter-point move on Wednesday and a 62.6% probability a week ago. A month ago, traders had seen a 51% chance of a half-point hike and nearly 14% chance of another 75 basis point move, while the probability of a quarter-point rise stood at just 35.1%.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Another Year of Record Heat for the Oceans - Advances in Atmospheric SciencesChanges in ocean heat content (OHC), salinity, and stratification provide critical indicators for changes in Earth’s energy and water cycles. These cycles have been profoundly altered due to the emission of greenhouse gasses and other anthropogenic substances by human activities, driving pervasive changes in Earth’s climate system. In 2022, the world’s oceans, as given by OHC, were again the hottest in the historical record and exceeded the previous 2021 record maximum. According to IAP/CAS data, the 0–2000 m OHC in 2022 exceeded that of 2021 by 10.9 ± 8.3 ZJ (1 Zetta Joules=1021 Joules); and according to NCEI/NOAA data, by 9.1 ± 8.7 ZJ. Among seven regions, four basins (the North Pacific, North Atlantic, the Mediterranean Sea, and southern oceans) recorded their highest OHC since the 1950s. The salinity-contrast index, a quantification of the “salty gets saltier—fresh gets fresher” pattern, also reached its highest level on record in 2022, implying continued amplification of the global hydrological cycle. Regional OHC and salinity changes in 2022 were dominated by a strong La Niña event. Global upper-ocean stratification continued its increasing trend and was among the top seven in 2022.
Read more »
Electric Vehicle Battery Pack Costs In 2022 Are Nearly 90% Lower Than in 2008Electric Vehicle Battery Pack Costs in 2022 Are Nearly 90% Lower Than in 2008 & Capacity in North America in 2030 is Projected to by 20 X
Read more »
Avatar Generations Gameplay Trailer ReleasedFollowing the 2022 reveal of a new Avatar: The Last Airbender game called Avatar Generations, [...]
Read more »
Tornadoes, Hurricanes and Wildfires Racked Up $165 Billion in Disaster Damage in 2022Hurricane Ian’s extensive destruction, drought in the western U.S. and swift-moving wildfires in Alaska contributed to more than $165 billion in weather and climate-related damage in 2022, federal climate scientists said
Read more »
Lamborghini and Bentley rack up record sales in 2022 - AutoblogLamborghini deliveries increased by 10% to 9,233 cars in 2022, while Bentley sales rose by 4% to 15,174 cars. Both numbers are all-time records.
Read more »