Federal Reserve Bank of New York President John Williams told Bloomberg on Tuesday that the impact of the Iran war will drive up headline inflation.
Durable Goods Orders in the United States (US) declined 1.4%, or $4.4 billion, to $315.5 billion in February, the US Census Bureau reported on Tuesday. This print followed the 0.5% decline recorded in January and came in worse than the market's expectation of a 0.5% decrease.
Brown Brothers Harriman’s (BBH) Elias Haddad expects the Reserve Bank of New Zealand (RBNZ) to keep the OCR at 2.25%, with Governor Breman set to update growth and inflation projections.
United States Durable Goods Orders ex Defense declined to -1.2% in February from previous 0.5%
United States Durable Goods Orders ex Transportation above forecasts (0.5%) in February: Actual (0.8%)
United States Durable Goods Orders came in at -1.4% below forecasts (-0.5%) in February
Deutsche Bank’s Henry Allen argues that the S&P 500’s modest pullback versus past Oil shocks reflects markets pricing a short conflict, resilient macro data and still‑dovish central banks.
United States ADP Employment Change 4-week average climbed from previous 10K to 26K in March 14
Private-sector hiring in the US has added extra momentum in mid-March. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 26K jobs per week in the four weeks ending March 21.
"A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will," United States (US) President Donald Trump posted on Truth Social on Tuesday.
Societe Generale’s Kit Juckes discusses Robin Brooks’ view that the Dollar looks significantly overvalued versus G10 rate differentials and could fall sharply on a ceasefire, with Oil tumbling and safe-haven flows reversing.
BNY’s Head of Markets Macro Strategy Bob Savage highlights a growing divergence between the New Zealand Dollar (NZD) and Australian Dollar (AUD) as markets favor currencies backed by real assets.
