Risk assets remain under pressure after the FOMC. Yield curves continue to flatten harshly as markets pull the rate hike forward. Market Now Evaluates Nearly 70% Chances Of RBNZ Rise On February 22

Last week’s hawkish FOMC meeting continues to trickle down to financial markets. Reflationary sentiment continued on Friday as stocks and commodity prices retreated again, the US Treasury curve flattening sharply and the dollar strengthening. In Australia, the market has advanced the expected timing of the first RBA hike to the …

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Adams County Community Foundation awards scholarships

Haley Boucher Press release The Adams County Community Foundation recently awarded five $ 1,000 scholarships to local Adams County students for the 2021/22 school year. “We are grateful to our partner, the Scioto Foundation, for administering our scholarship program,” said Adams County Community Foundation president Paul Worley. “These awards were …

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Fed markets: your hawkish shift fools no one

Investors call the Federal Reserve bluff. They are right to do so. At first glance, and with a great deal of relativity, last week’s updated summary of President Jerome Powell’s economic projections and commentary marks a hawkish turn. Officials have signaled that rates could rise in 2023, earlier than previously …

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Reflation trades take a hit as Fed change resets markets

The “reflation trade” that has dominated financial markets since the emergence of coronavirus vaccines last year was pummeled after the Federal Reserve unexpectedly signaled a shift in stance on inflation. Commodity prices fell as long-term U.S. government bond prices rose after Fed officials reacted to surprisingly strong inflation data this …

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