Macro Markets: Fed Ahead, Japan Yields Rising, AI Trade Rebounds
Dollar holds steady near 102 ahead of the Fed decision, Japan's 2-year yield climbed to 1.885%, and global equities gained as the AI trade recovered momentum.
What we know
The Dollar Index holds around 102.00 ahead of the Fed decision. Japan's 2-year bond yield rose to 1.885%, with corporate services prices up 3.7% YoY — sustaining BoJ tightening pressure. The FT reports global markets rising as the AI trade regains steam. Taiwan's central bank flagged strong growth momentum driven by emerging-tech export demand. Jefferies raised its Paycom Software target to $300 from $160.
Sources
@FT
“Global markets rise as AI trade regains steam”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.