Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
After yesterday’s FOMC minutes gave clearest indication ever for a June rate hike, interest rates market have adjusted sharply in anticipation of such.
As per the minutes, many participants believed a riser would be appropriate at June meeting if the economic data and job market conditions continue to improve as inflation heads towards 2% target in the medium term.
- Market is now attaching 70% probability that there won’t be a hike in June, compared to 81% before the minutes.
- Market is attaching 51% probability that there will be a hike in July, compared to 62% before, predicting no hike.
- Before minutes market was pricing 55% chance of a hike in September, now pricing 63% odds of such.
- Market is attaching 66% hike probability in November compared to 58% before and 79% probability for December, up from 72% before.
Dollar index is currently trading at 95.22, down -3.45% YTD.
