binance left Huobi Global Coinmarketcap net_left Phương Thức Thanh Toán

Instant View: Fed hikes 50 bp, Powell tamps down speculation of 75 bp hike

05 Tháng Năm 2022
Instant View: Fed hikes 50 bp, Powell tamps down speculation of 75 bp hike © Reuters. FILE PHOTO: An eagle tops the Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst

NEW YORK (Reuters) - The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and said it would begin trimming its bond holdings next month as a further step in the battle to lower inflation.

The U.S. central bank set its target federal funds rate to a range between 0.75% and 1% in a unanimous decision, with further rises in borrowing costs of perhaps similar magnitude likely to follow.

On Wall Street, stocks seesawed after the statement then turned sharply higher after Fed Chairman Jerome Powell said at a press conference that the Fed was not actively considering raising rates 75 basis points at coming meetings.

MARKET REACTION:

STOCKS: The S&P 500 turned sharply higher was last up 1.89%

BONDS: The 10-year U.S. Treasury note yield seesawed and was down at 2.9188% and the 2-year yield fell to 2.6842%

FOREX: The dollar index extended 0.8% lower

COMMENTS:

MAZEN ISSA, SENIOR FX STRATEGIST, TD SECURITIES, NEW YORK

“I think it’s important to take stock of where we were an hour and a half before the meeting, basically the market was pricing in essentially a 50/50 chance that you see a 75 basis point hike by July, between June and July, and so I think the most important takeaway here that I think the market was really fixated on, was whether or not a 75 basis point hike is on the table, and he (Powell) basically pushed back on that.”

“That doesn’t necessarily mean he won’t do it, but they certainly are strongly indicating that they prefer to just do a series of 50s, even if it’s doing three 50s in a row, maybe four, but it seems like pricing in three 50s is not too far over where the market was at anyway.”

BRIAN JACOBSEN, SENIOR INVESTMENT STRATEGIST, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS, WISCONSIN

“The key turning point was when he said they were not actively considering 75 bps. At worst, the Fed wants to meet market expectations. At best, they want to go slower or lower than what the market was pricing.”

PETER YI, DIRECTOR, NORTHERN TRUST ASSET MANAGEMENT, CHICAGO

"It was a little bit of a snoozer. There was nothing too surprising, the Fed really delivered on what the market was expecting.

"There were some whispers that they could potentially go to 75 basis points, as one of Fed presidents Bullard has been hinting a few times that they could be more aggressive than 50 basis points. But what I found most interesting: there were no dissents, it was unanimous.

"Everything the Fed did was pretty much already priced in, nothing here in the text or policy statement from my perspective should be a surprise for investors."

BRIAN JACOBSEN, SENIOR INVESTMENT STRATEGIST, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS, WISCONSIN

“The Fed floated the idea of a 50 bps rate hike and balance sheet reduction far enough in advance that we’ve already lived through the market hissy-fit before the Fed actually hiked. A key question to me is how long the Fed can maintain quantitative tightening at the pace it outlines. There’s a maturity desert in a couple years with its holdings that it might only be able to shrink its balance sheet by $2 trillion over the next two years and then have to call it quits.”

SIMONA MOCUTA, CHIEF ECONOMIST, STATE STREET GLOBAL ADVISORS, BOSTON

“It’s a testament to how well they messaged, that you deliver a 50 basis-point hike and there is not so much as a blink in the market. This one has been well communicated and well delivered. I would say very incrementally I found it slightly less hawkish than I thought it would be, it remains to be seen how the press conference goes.”

“But there was no dissent in favor of a larger move and the balance sheet only starts June 1, which I’m not sure why they need to wait another month to begin that, and the move to the full cap takes three months. There were calls to do it on a more constricted timeline, but there is an awareness that they are tightening into a slowing economy and there are risks associated. For the magnitude of the move it has been very uneventful and that is a good thing.”

ERIC MERLIS, MANAGING DIRECTOR, GLOBAL MARKETS, CITIZENS, BOSTON

“The hawks are probably a little disappointed that the balance sheet reduction isn’t starting this month and there will be caps on it at $95 billion. They could have gone more on that, but they’ve given themselves some wiggle room in terms of how much they’re willing to let run off. But the decision was expected, and the reaction has been contained and as expected.”

“I’m going to be looking at the press conference if someone presses Powell on what “highly attentive” means. Is that a signal they’re willing to go 75 basis points at the next meeting? I think the fact they referred to inflation probably tells me they are willing to go faster. But the Fed wants to go where the market’s pricing it, and the market has given them a lot of wiggle room.”

BRIAN COULTON, CHIEF ECONOMIST, FITCH RATINGS (by email)

“The Fed has implemented an outsize increase in interest rates at what is only the second hike in this tightening cycle. It now looks like they are engaged in a dash to get rates back to neutral territory by the end of this year.  Their singular focus on trying to control inflation is not only spelt out explicitly – with the committee described as being ‘highly attentive” to inflation – but is also reflected in short shrift given to the Q1 GDP decline and the rapid pace of balance sheet reduction ahead. With inflation pressures ongoing, the risk of monetary tightening prompting a significant growth slowdown or even recession in 2023 is growing.”

ERIC WINOGRAD, SENIOR ECONOMIST, ALLIANCEBERNSTEIN, NEW YORK

“I would think that it shouldn’t rattle markets. I think the most noteworthy part of the statement was the addition of the sentence that says the committee is highly attentive to inflation risks, which just emphasizes the point. We knew that, but choosing to include that in the statement makes very clear which direction they are leaning when they look at the current environment. They are worried about inflation. That came on the heels of an acknowledgement of the supply chain disruptions in China, which are another risk in that direction.”

PETER CARDILLO, CHIEF MARKET ECONOMIST, SPARTAN CAPITAL SECURITIES, NEW YORK

"Most of what the Fed did today was expected. So I think this could give some breathing room in terms of the market to rally. Of course there's still a question mark as to whether they will resort to a three-quarter-of-a-point hike. I don't suspect that will be the case because I think we should begin to see inflation peak in the next month. So three quarters of a point is, as far as I'm concerned, out of the question. Basically the announcement was in line more or less with what the market was looking for. We have to wait to see when the press conference begins if Powell strikes an even more hawkish tone."

MICHAEL BROWN, HEAD OF MARKET INTELLIGENCE, CAXTON, LONDON

"To nobody's surprise, the Fed delivered their first 50 bps hike since 2000; it was, however, a little surprising that outspoken uber-hawk Bullard didn't vote for a larger increase. Commentary on the balance sheet was also broadly in line with expectations, having been teed up in the March minutes,"

"The FOMC also signaled an aggressive path of further rate hikes, reiterating the recently stated desire to raise rates to their neutral level as soon as possible. However, given the significant amount of hikes already priced into the market - the 2-year trades around 30 bps north of neutral, for instance - the bar for a hawkish surprise was always a high one."

"Hence, although hawkish in its own right, the decision is somewhat dovish compared to the market's lofty expectations, thereby igniting a rally in risk assets, causing the USD to soften a touch, a classic 'buy the rumor, sell the fact' trade, while also sparking demand for Treasuries,"

PAUL NOLTE, PORTFOLIO MANAGER, KINGSVIEW ASSET MANAGEMENT, CHICAGO

“The markets, as a whole, are looking at is as expected. It’s not more hawkish than expected. (The Fed is) hewing to the middle ground. No big surprise in the balance sheet work-down. It’s agreeable to markets at this point.”

“Now the information is out there. The guessing is done and people who positioned themselves for a certain outcome, once it happens, can step aside. Now the discussion turns to ‘what’s going to happen at the next meeting?’ That’s the jockeying that’s going on now. The news is out, what does that mean to expectations moving forward?”

“I don’t know what (the Fed is) talking about in terms of (balance sheet) runoff. What’s going to happen, is people are going to extrapolate that at this pace it will be unwound in the next three or four years, whatever it is, and that’s what everyone is trying to assess.”

Để lại bình luận
Hot Auto Trade Bot ig right nyse right Neteller Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
rakuten_main right top net_home_top Ai VIF Binance _ main right top fbs_main right top tifia_main right top
23-05-2022 12:40:03 (UTC+7)

EUR/USD

1.0593

+0.0033 (+0.31%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (2)

EUR/USD

1.0593

+0.0033 (+0.31%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (2)

GBP/USD

1.2549

+0.0062 (+0.49%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (1)

USD/JPY

127.57

-0.28 (-0.22%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

AUD/USD

0.7096

+0.0063 (+0.89%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

USD/CAD

1.2802

-0.0034 (-0.26%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

EUR/JPY

135.13

+0.12 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

1.0303

+0.0007 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

Gold Futures

1,853.54

+11.44 (+0.62%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

Silver Futures

21.907

+0.233 (+1.08%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (4)

Sell (1)

Copper Futures

4.3035

-0.0007 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (7)

Crude Oil WTI Futures

111.02

+0.74 (+0.67%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (1)

Brent Oil Futures

110.85

+0.86 (+0.78%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (2)

Natural Gas Futures

8.206

-0.194 (-2.31%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

US Coffee C Futures

216.48

-2.22 (-1.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Euro Stoxx 50

3,657.03

+16.48 (+0.45%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (9)

Sell (1)

S&P 500

3,901.36

+0.57 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

DAX

13,981.91

+99.61 (+0.72%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,389.98

+87.24 (+1.19%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (7)

Sell (2)

Hang Seng

20,427.00

-290.24 (-1.40%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

US Small Cap 2000

1,773.27

-2.96 (-0.17%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (1)

IBEX 35

8,484.50

+78.50 (+0.93%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (5)

Sell (2)

BASF SE NA O.N.

48.850

-0.010 (-0.02%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

Bayer AG NA

63.74

+0.34 (+0.54%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

Allianz SE VNA O.N.

195.58

+0.78 (+0.40%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (0)

Adidas AG

172.80

+0.92 (+0.54%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Deutsche Lufthansa AG

6.852

+0.049 (+0.72%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

Siemens AG Class N

115.08

+2.62 (+2.33%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (4)

Sell (4)

Deutsche Bank AG

9.362

-0.130 (-1.37%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

 EUR/USD1.0593Buy
 GBP/USD1.2549↑ Buy
 USD/JPY127.57↑ Buy
 AUD/USD0.7096↑ Buy
 USD/CAD1.2802↑ Buy
 EUR/JPY135.13↑ Buy
 EUR/CHF1.0303↑ Buy
 Gold1,853.54↑ Buy
 Silver21.907Buy
 Copper4.3035↑ Sell
 Crude Oil WTI111.02Buy
 Brent Oil110.85↑ Buy
 Natural Gas8.206↑ Buy
 US Coffee C216.48↑ Buy
 Euro Stoxx 503,657.03↑ Buy
 S&P 5003,901.36↑ Buy
 DAX13,981.91Buy
 FTSE 1007,389.98Neutral
 Hang Seng20,427.00↑ Buy
 Small Cap 20001,773.27↑ Buy
 IBEX 358,484.50Neutral
 BASF48.850Buy
 Bayer63.74Buy
 Allianz195.58Buy
 Adidas172.80Buy
 Lufthansa6.852↑ Sell
 Siemens AG115.08Neutral
 Deutsche Bank AG9.362Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,880/ 6,980
(5/ 5) # 1,771
SJC HCM6,895/ 6,985
(0/ 0) # 1,775
SJC Hanoi6,895/ 6,987
(0/ 0) # 1,777
SJC Danang6,895/ 6,987
(0/ 0) # 1,777
SJC Nhatrang6,895/ 6,987
(0/ 0) # 1,777
SJC Cantho6,895/ 6,987
(0/ 0) # 1,777
Cập nhật 23-05-2022 12:40:05
Xem lịch sử giá vàng SJC: nhấn đây!
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V30.58031.190
RON 95-III29.98030.570
E5 RON 92-II28.95029.520
DO 0.05S26.65027.180
DO 0,001S-V27.45027.990
Dầu hỏa 2-K25.16025.660
ↂ Giá dầu thô thế giới
WTI$110.44-0.74-0.67%
Brent$111.25-0.71-0.64%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.005,0023.315,00
EUR23.899,8625.238,69
GBP28.277,1029.483,51
JPY176,47186,83
KRW15,8019,25
Cập nhật lúc 12:31:48 23/05/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right Phương Thức Thanh Toán