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Adam Button

US stocks close near the lows, give up nearly all of yesterday’s gains

It was an ugly day for stocks but if you told me before the CPI data that it would be hot and that stocks would trade flat on Thursday-Friday, I'd say that's constructive....

BOC’s Macklem: If CAD appreciation persists, we’ll have more work to do on rates

There was broad consensus at the IMF meetings that inflation is the most-immediate threat to current and future prosperityWe will be 'watching closely' US economy, inflation and rates and factoring that in as...

Fed's Bullard: September inflation warrants more frontloading

<ul><li>Appropriate that rates reach range of 4.50-4.75% by year&apos;s end with further hikes being &apos;data dependent&apos;</li></ul><p>Previously, Bullard was talking about a Q1 peak of around 4.5% but now he&apos;s talking about 4.50-4.75% by...

Powell directs watchdog to probe Bostic’s trading

Atlanta Fed President Raphael Bostic is in some hot water after revising his disclosure forms dating back to the start of his tenure in 2017.The changes show trades taken during the blackout period...

US equities continue to make new lows as Nasdaq decline nears 3%

Yesterday's optimism has certainly faded.The market appears to be indicating that problems in the gilt market aren't solved and when inflation peaks is certainly an open question. Add up the rest of the...

MUFG trade of the week: Stay short AUD/USD

Last week, we brought you a trade idea from MUFG and it was to sell the Australian dollar.They recommend selling the pair at 0.6400 with a target of 0.6050 and a stop at...

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