Monday's opening market will usher in a major shock, and investors may further flock to U.S. Treasuries
2024-04-13 22:10:51
On April 14, analyst Srinivasan Sivabalan said that just a few weeks ago, the money market was predicting that the Federal Reserve would cut interest rates three times this year, but has now reduced those bets. Those expectations could take a further hit when the market opens on Monday, as the main concern is that soaring oil prices will fuel inflation. If there are any signs in recent days, risk aversion could boost the dollar and put pressure on Israeli shekels and emerging market currencies. Investors could flock further to U.S. Treasuries to be on the safe side.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
