Chang’s Thought(2024.03.28):Confirmation Rather Than Certainty
Market 1. After Chairman Powell’s strong dove remarks at the FOMC, BTC rose and fell repeatedly, then slowly recovered over the weekend and regained the $70,000 level. This is a…
Market 1. After Chairman Powell’s strong dove remarks at the FOMC, BTC rose and fell repeatedly, then slowly recovered over the weekend and regained the $70,000 level. This is a…
Yesterday (26 MAR), the United States saw its first increase in durable goods orders in nearly 3 months, and the pace of housing price increases accelerated, with the Housing Price…
Another very quiet session ahead of the good Friday holidays, with global markets holding close to yesterday’s levels. US treasuries and FX treaded water for the most part, while US…
A holiday-shortened week (US Good Friday) led to subdued market activity with volumes at around 70–80% of normal. Most of the near-term focus recently was on FX markets, where there…
Last Friday, Atlanta Fed President Bostic gave a speech indicating that he expects only one rate cut in 2024, which would occur later this year. He mentioned being “less confident”…