The window dressing phenomenon is expected to again influence financial market movements throughout 2025, especially as each quarter approaches its close. This strategy is generally employed by investment managers to enhance portfolio performance in periodic reports, often encouraging the strengthening of risky assets such as stocks. However, this shift in sentiment also has different implications for hedge funds, particularly gold. Quarter One (Q1): Limited Pressure for Gold At the end of March 2025, Q1 window dressing tended to be moderate. Funds began flowing into blue-chip stocks after...
Federal Reserve Bank of Dallas President Lorie Logan said she does not support the U.S. central bank's decision to cut interest rates this week and will likely consider it appropriate to keep rates unchanged at its next meeting because inflation remains too high. "I don't see a need to cut rates this week. And I would find it difficult to cut rates again in December unless there is clear evidence that inflation will fall more quickly than expected or that the labor market will cool more rapidly," Logan said Friday in prepared remarks for an event in Dallas. Fed officials cut their...
The Federal Reserve is shifting from the driving seat back to the back seat, moving to data dependence just as it faces a data blackout due to the government shutdown. Despite these challenges, Morgan Stanley believes rate cuts in December and January remain on the table as the softer labor market will continue to drive monetary policy. The shutdown has suspended several official data releases, including critical jobs reports, leaving the Fed to rely more on market signals and private sector data. "The Fed is effectively flying blind for now," Morgan Stanley economists said in a recent...
At the post-meeting press conference, Fed Chair Jerome Powell explained why policymakers had decided to lower the Federal Funds Target Range (FFTR) to 3.75%–4.00% after the October meeting and took questions from reporters about the move. Chief Powell's press conference takeawaysData available suggests the outlook for employment and inflation has not changed much since the September meeting. Prior to shutdown, data showed the economy may be on a firmer trajectory. Shutdown will weigh on economic activity while it persists and should reverse when it ends. Labour demand has clearly...
The Federal Reserve lowered the federal funds rate by 25 bps to a target range of 3.75%–4.00% at its October 2025 meeting, in line with market expectations. The move followed a similar cut in September, bringing borrowing costs to their lowest level since 2022. Policymakers cited increasing downside risks to employment in recent months while inflation has moved up since earlier in the year and remains somewhat elevated. Governor Miran preferred to lower the target range for the federal funds rate by 50bps and Governor Schmid dissented in favor of holding rates steady. In addition, the...
The United States (US) Federal Reserve (Fed) will announce its interest rate decision and publish the Monetary Policy Statement following the October policy meeting on Wednesday. Market participants widely anticipate the US central bank to cut the policy rate by 25 basis points (bps), lowering it to the range of 3.75%-4%. The CME FedWatch Tool shows that investors are fully pricing in the 25 bps reduction in October and see about a 95% probability of one more 25 bps cut at the last policy meeting of the year in December. The revised Summary of Economic Projections (SEP), published in...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said on Monday that the United States may store and possibly sell oil seized off the coast of Venezuela in recent weeks, as Reuters reported on Monday.
Trump added that...