BNP Paribas warns that while a Fed rate hold in June remains the base case, a rate hike cannot be ruled out as a tail risk if unemployment approaches 4% and inflation expectations rise to early 2025 levels, while ECB, BOJ, and BOE are all expected to raise rates by 25bp in June.
#YonhapInfomax #FederalReserve #JuneRateHike #TailRisk #InflationExpectations #UnemploymentRate #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=119085Japanese FX markets are on high alert after US officials signaled concern over the Korean won, raising the risk of coordinated intervention by South Korea and Japan—a potential tail risk for global currency markets.
#YonhapInfomax #JapaneseFxMarket #KoreanWon #USIntervention #TailRisk #DollarYenExchangeRate #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=99992
El-Erian Warns of Massive Bond Supply—Tail Risks Demand Attention
Allianz's Mohamed El-Erian warns of unprecedented bond supply and urges investors to prepare for tail risks as U.S. Treasury yields rise despite Fed rate cut expectations.
> “It’s clear that the link between commercial property and regional banks is a #tailrisk for 2024, and if any cracks emerge, they could be in the commercial, housing and bank sector,” Justin Onuekwusi, chief investment officer at wealth manager St. James’s Place, said.
https://www.bloomberg.com/news/articles/2024-01-31/nycb-plunge-flashes-a-560-billion-real-estate-warning-for-banks
#commercial
#housing
#realestate #banks #banking
NY Community Bancorp's (NYCB) Surprise Loss Is a Warning to Real Estate Lenders
The US commercial real estate market has been in turmoil since the onset of the Covid-19 pandemic. But New York Community Bancorp and Japan’s Aozora Bank Ltd. delivered a reminder that some lenders are only just beginning to feel the pain.
Yonhap Infomax News
Pacific Lane