ING Economic and Financial Analysis

50bp With a Hawkish Twist The Federal Reserve voted unanimously to raise the Fed Funds target rate range by 50bp to 4.25-4.5%, in line with market expectations. The text repeats that officials...

ICE Brent prices settled higher for a third consecutive day yesterday following an upward revision in the oil demand forecast by the International Energy Agency (IEA). However, the weekly petroleum...

Markets need to re-think the sustainability of the bond rally seen in the past month. Nominal and real rates are seen up. But not by very much. With no sense as of yet that the Fed is done, we...

The predominant view, judging by today's CPI release and market moves in recent weeks, remains that inflation is on its way down and should allow the Fed to slow, and eventually stop, its hiking cycle...

Energy – U.S. Shale Production Recovery Continues The oil market strengthened for a second consecutive session amid supply disruptions and as China further eased its COVID restrictions....

Federal Reserve Chair, Jerome Powell, tried his best to talk up the prospect of a higher-for-longer interest rate policy story, but the market didn’t believe him yesterday and will be even...

The oil market received a boost yesterday from multiple factors. ICE Brent managed to settle more than 3.2% higher on the day. Most risk assets rallied on the back of the US Fed chairman signaling...

USD: Overreaction? The US dollar came off sharply late yesterday on comments from Federal Reserve Chairman Jerome Powell which signaled that December would probably be the occasion to shift to a...

Sentiment in commodities markets improved after China refined its approach to dealing with COVID-19 and the government said it will bolster vaccinations among senior citizens. The move comes just days...

The Treasury market is nervous about a repeat of the August hawkish Fed pushback.Market participants await nervously Powell’s speech this evening after the October CPI report sent bond yields...

Fed Chair Jerome Powell will remind the market of the central bank's hawkish determination today, supporting the dollar. Meanwhile, softer inflation is trimming expectations in the eurozone. Polish...

We see a case for the bond rally to extend in the near term but we expect the move to run our of steam ahead of the next weeks’ inflation and employment dataDrift lower in yields to continue for...

A stronger US Dollar weighed on most of the commodities complex. The oil market also saw significant volatility after reports that OPEC+ is looking to increase supply at its next meeting. These...

Despite a goal-rich start at the World Cup in Qatar, markets are all about defense right now. New Covid restrictions in China are fuelling a return to the safe-haven dollar while investors wait for...

This year has been tough for Asian currencies – hit by surging energy prices, the strong dollar, and in some cases central banks being a little slow to react. Their course in 2023 will again be...

The dollar is tumbling from multi-decade highs. Calling the FX market in 2023 requires taking a view on the Federal Reserve, the war in Ukraine, China, and the overall investment environment. We...