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<ul><li>We have a lot of work left to do on inflation </li><li>It's premature to think rate cuts are around the corner</li><li>Far too early to declare victory</li><li>We need to get inflation on a consistent trajectory to 2%, need more evidence to feel confident to adjust policy rate</li>&

<p>Comments from Daly were supposed to start at 2:45 pm ET but nothing has hit yet. </p> This article was written by Adam Button at www.forexlive.com.

<p>The AUDUSD moved lower in the first half of the week, with the high for the day reached in the early hours of Monday. The fall bottomed on Wednesday when the price reached a low corresponding to swing highs and lows from November and again in December. Today's return to that level attracted risk-focused buyers, […]

<p>The story of January so far is that US economic data has been better than expected and that's pushed up Treasury yields.</p><p>US 10-year yields have risen to 4.16% from a low of 3.78% on December 27. That puts 10s right about where they were at the start of September.</p><p>The message from the market is incre

<p>The S&amp;P 500 just edged above the 2021 all-time high of 4818. A weekly close above that would be particularly bullish.</p><p>The past two days of buying have been remarkably strong despite higher Treasury yields. On the day, the index is now up 0.8% to 4820, up 40 points.</p><p>Technically, the weekly close w

<p>The weekly Bakers Hughes Rig count shows:</p><ul><li>Oil rigs -2 to 497</li><li>Natural gas +3 to 120</li><li>Total Rigs +1 to 620. </li></ul><p>Crude oil prices are trading down -$0.77 or -1.04% at $73.19</p><p>Looking back in time to January 2023, the oil rigs were a

<p>US stocks continue its run to the upside with the NASDAQ index now up 1% on the day. The S&amp;P index is up 0.77% and is on pace for a time record high close. The old high was 4796.57. The S&amp;P is also intraday high near 4818.</p><ul><li>Nvidia shares are up 3%</li><li>AMD shares are up 3.26%</l

<p>The NZDUSD moved lower in the early part of the week, helped by technicall breaks and slower growth in China. The move to the downside continued until the price moved into a key cluster of support defined by the 200 day moving average at 0.60897, a swing area going back to mid-November at 0.6078 – […]

<p>Atlanta Fed Pres. Bostic is speaking ahead of the "black out period" which is a prelude to the Fed rate decision on January 31. He says:</p><ul><li>He wants to make sure that inflation is on its way to 2% before cuts</li><li>He is open to changing his rate cut outlook if inflation and data improves&l

<p>The Atlanta Fed GDPNow estimate for 4Q growth came in at 2.4%. That is unchanged from the prior report. In their own words:</p><blockquote>The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.4 percent on January 19, unchanged from January 18 after rounding. After th