Fed downplays March cut bets but US regional bank worries resurface | MarketTalk: What’s up today? | Swissquote

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We knew that yesterday was not going to be a bright day, as Microsoft, Google and AMD have all seen a negative market reaction to their fantastic quarterly results that failed to match the huge market expectations. And a surprise Q4 loss at New York Community Bancorp revived the bank worries and sent the yields tumbling, even though the Fed pushed back on expectations of a March rate cut. He signaled talks regarding QT unwinding however!
The US dollar swung between gains and losses yesterday, and is slightly above its 200-DMA at the wake of the latest Fed decision. The EURUSD extends losses to 1.08 psychological mark as French and German inflation figures were soft enough to keep inflation worries and the European Central Bank (ECB) hawks at bay.
Across the Channel, the Bank of England (BoE) will give its latest policy verdict today. British policymakers will likely push back on early rate cut expectations after the latest inflation numbers in the UK revealed a mini U-turn in easing price dynamics. But Brits are expected to deliver a brighter outlook for their economy, lower inflation forecasts and open the door for rate cuts later this year.
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