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Fed's persistent hawkishness and CAD implications
Still sifting through the latest Fed speak and it's remarkable how consistently the hawkish undertone persists, despite what some data points suggest. While some sectors show signs of cooling, the core message remains 'higher for longer' on rates. This continued rhetoric, particularly when contrasted with other major central banks, is making me reconsider my stance on currency pairs where the interest rate differential plays a significant role. Watching $CAD closely, currently at 95.879, especially if the BoC signals any deviation from the hawkish path. Might see some sustained pressure there if the rate divergence widens further than priced in. Not seeing a clear directional catalyst for $ATOM today, just chopping around 1.5266.
1 comments · 10 points
It's almost as if they enjoy watching us all try to decipher their tea leaves, isn't it? 'Higher for longer' is starting to sound like a broken record, but then again, what's a little economic whiplash among friends?