Rising Rates Become Enemy No. 1 for Traders Betting on Dollar
Rising yields should buoy the greenback, traders are now betting the Fed’s policy tightening will crimp economic growth down the road.
Rising yields should buoy the greenback, traders are now betting the Fed’s policy tightening will crimp economic growth down the road.
“The worst thing you can do in American politics is to give people something and then take it away,” said Brad Bannon, a Democratic strategist.
Not only are money-market traders boosting wagers on the number of increases by major central banks, but also the size of each potential move.
Hedge funds are getting fresh scrutiny from President Joe Biden’s regulators as a potential weak spot in the financial system.
Yield curve is key metric investors watch as it impacts other asset prices, feeds through to banks' returns, even predicts how economy will fare.
Stimulus money Congress provided to offset the COVID recession during the last two years included hundreds of billions for wealthy Americans.
White House is lowering expectations about a number they say could be hard hit by both Omicron variant and quirk of how data is gathered each month.