Analysts from the Australian and New Zealand (ANZ) banking group “They expect the Fed to hike 75 basis points at their meeting this week.”
Featured Statements
“Chairman Powell is likely to be less optimistic about growth prospects compared to the June meeting, but this will not change the Fed’s resolve to bring the policy rate to tightening in late 2022 to limit inflation. .”
“Housing data continues to do the rounds as rising mortgage rates, high commodity costs and labor shortages take their toll.”
“The slowdown in activity appears to be amplified with the PMI Composite index falling below 50 in July amid surprising weakness in the services sector.”
“And a negative Q2 GDP figure this week will likely further fuel recession rumors as it would be the second quarter in a row of negative growth.”
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
