A 'Hell of a Good Week of Data' According to Fed Members

Hell of a good week of data'

Hell of a good week of data'

Interestingly, higher oil prices don't seem to bother some Federal Reserve (Fed) members. Christopher Waller said at a CNBC interview yesterday that last week was a 'hell of a good week of data' which will allow the Fed 'to proceed carefully' with its next decisions. 'We can just sit there, wait for the data, and see if things continue' he said. They could also pray while waiting for the data to deteriorate, as higher energy prices won't be any less problematic for the Fed.

Anway, both the US 2-year and 10-year yields jumped yesterday, because many companies flooded the market with debt sales. The US saw $36bn bond sales yesterday, the highest ytd. The S&P500 fell 0.42%, while Nasdaq eked out a small gain as Tesla jumped more than 4.5% on news that its China-made EV deliveries rose 9.3%, comforting investors that the price cuts in China may be playing in favour of the company.

Ipek Ozkardeskaya

Ipek Ozkardeskaya provides market analysis on FX, leading market indices, individual stocks, oil, commodities, bonds and interest rates.

She has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist in Swissquote Bank. She worked as Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

She is passionate about the interaction between the economy and financial markets. She has been observing and analyzing a wide variety of relationships between the economic fundamentals and market behaviour over the past decade. She has been privileged to live and to work in the world's most exciting financial hubs including Geneva, London and Shanghai.

She has a Bachelor's Degree in Economics and a Master's Degree in Financial Engineering and Risk Management from the University of Lausanne (HEC Lausanne), Switzerland.

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Tesla nasdaq s&p500 inflation FED federal reserve monetary policy data energy prices bond sales Christopher Waller EV deliveries China-made

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Hell of a good week of data'

Ipek Ozkardeskaya

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