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Fed: Summer deadline for patience and delayed cuts – TD Securities
TD Securities economists say the FOMC kept policy unchanged and Powell downplayed the SEP, but they see the Fed’s patience on inflation normalization expiring by late summer as an Oil shock lifts headline inflation.Fxstreet
Thu, Mar 19
SNB’s Schlegel: Our willingness to intervene has increased
Swiss National Bank (SNB) Chairman Martin Schlegel stressed the central bank’s willingness to intervene against excessive appreciation of the Swiss Franc (CHF) in his press conference post the monetary policy announcement, in which the central bank left interest rates unchanged at 0%, as expected.Fxstreet
Thu, Mar 19
UK: Labour market stabilising, new risks ahead – Deutsche Bank
Deutsche Bank economist Sanjay Raja notes that recent UK labour market data show stabilisation, with the jobless rate holding at 5.2% and employment and payrolled employees beating expectations. Wage growth is slowing, giving the Bank of England (BoE) some comfort.Fxstreet
Thu, Mar 19
Fed: Hawkish hold provided momentary anchor for USD – DBS
DBS Group Research economist Philip Wee notes that the Federal Reserve (Fed) kept the Fed Funds Rate at 3.50-3.75%, delivering what he characterizes as a hawkish hold. He highlights that this stance has given the Dollar only a temporary anchor, as markets remain volatile.Fxstreet
Thu, Mar 19
TREASURIES-US yields rise as investors chop Fed cut bets
SINGAPORE/LONDON, March 19 (Reuters) - Short-dated U.S. Treasury yields hit their highest level since last August on Thursday, after the U.S. Federal Reserve flagged the risk of a pick-up in inflation, prompting investors to begin to price in the possibility of no more rate cuts this year.The two-ye...Reuters
Thu, Mar 19
Swiss National Bank leaves interest rates unchanged at 0%, as expected
The Swiss National Bank (SNB) holds interest rates steady at 0%, as expected. Now investors await Chairman Martin Schlegel's upcoming press conference at 09:00 GMT, where they will be looking for fresh cues on the monetary policy outlook.
Fxstreet
Thu, Mar 19
India offers insurance support as small exporters face cash-flow strain
By Manoj Kumar and Shivangi AcharyaNEW DELHI, March 19 (Reuters) - Indian small and medium exporters are facing payment delays and cash‑flow stress as war‑risk premiums and emergency surcharges drive freight rates sharply higher, the trade ministry said on Thursday.Routes through conflict‑hit West ...Reuters
Thu, Mar 19
Euro zone yields rise ahead of ECB as oil above $110 fires up inflation fears
By Amanda CooperLONDON, March 19 (Reuters) - Euro zone government bond yields rose on Thursday ahead of a European Central Bank rate decision, as global bonds and stocks sold off in light of another jump in the oil price and after the Federal Reserve forecast higher inflation.An Israeli attack on Ir...Reuters
Thu, Mar 19
India to offer insurance support to exporters as war risk drives premiums
NEW DELHI, March 19 (Reuters) - India's trade ministry said on Thursday the government will extend support for insurance cover on shipments routed through conflict‑hit corridors, as exporters struggle with sharply rising logistics costs.Reuters
Thu, Mar 19
