Morning Report

Global markets were mixed following Kevin Warsh's first FOMC meeting, which signaled a hawkish shift with expectations of potential rate hikes later this year. The US dollar strengthened while front-end Treasury yields rose significantly.

Key Takeaways

• 1.The FOMC, under new Chair Kevin Warsh, left rates unchanged but signaled a hawkish stance with 9 of 18 members forecasting a hike this year.
• 2.US Treasury yields rose sharply—with the 2-year yield up 13bp—as markets repriced Fed policy expectations.
• 3.Details of a US-Iran memorandum of understanding are emerging, aimed at ending the war and limiting Iran's nuclear program.

Table of Contents

• Key themes
• Data snapshot
• Financial Markets
• International Data
• Today's key data and events
• Local Data
• Corporate Directory
• Things you should know
• Disclaimer

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial