WS #16370
The Bank of Russia maintained its key rate at 14.00%, a hawkish stance consistent with inflationary pressures from energy shocks. In the US, initial jobless claims fell to 194,000, indicating a resilient labor market that may delay Fed rate cuts. BofA has flagged further downside risk for stocks and yields, suggesting that the combination of sticky inflation and strong growth is creating a challenging environment for rate-sensitive assets.
Macro & Central Banks
The Bank of Russia maintained its key rate at 14.00%, a hawkish stance consistent with inflationary pressures from energy shocks. In the US, initial jobless claims fell to 194,000, indicating a resilient labor market that may delay Fed rate cuts. BofA has flagged further downside risk for stocks and yields, suggesting that the combination of sticky inflation and strong growth is creating a challenging environment for rate-sensitive assets.