No nasty surprise with the Fed minutes

  • Macro-economy

The release of the Fed minutes did not have any significant impact on markets, as the overall message remained strongly dovish, in line with consensus expectations. Equities and bonds remained rather stable as well as the USD, although the EUR/USD exchange rate briefly topped 1.19 yesterday. The sharp widening in the US trade deficit confirms the crucial role of the US economy in the global recovery.

us-trade-deficit
Share this news :

You might also read :

ES-oil
November 29, 2021

Bloody Friday

The crude futures market experienced a huge drawdown on Friday of close to 13% intraday, as the news that the omicron COVID variant was spreading…
ES-oil
November 25, 2021

Japanese oil-to-gas switch remains elusive

Crude prices remained elevated, at 82.2 $/b for ICE Brent front-month price, despite the SPR release announcement and a relatively neutral EIA weekly snapshot. Total crude…
ES-economy
December 23, 2021

Omicron less scary

The week started badly, but optimism seems to be prevailing again. The Omicron variant is still spreading at an extremely high rate (over 100k per day in…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]