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| On the afternoon of the 17th, when KOSPI closed the market at 3047.50, down 19.67 points (0.64%) from the previous trading day, the KOSPI appears on the electronic board of Hana Bank’s dealing room in Jung-gu, Seoul. The KOSDAQ index rose 3.13p (0.33%) to 948.78, and the won-dollar exchange rate rose 0.50 won to 1130.20 won. 2021.3.17/News1 © News1 Reporter Kim Jin-hwan |
For DB Financial Investment, the Federal Open Market Committee (FOMC), the monetary policy-making body of the US Federal Reserve (Fed), released an analysis that some of the market uncertainties were resolved by raising the economic growth rate and resolving concerns about interest rate hikes.
However, a gradual rise in interest rates is inevitable, and it puts pressure on inflation, so the market could continue to test the Fed’s patience.
On the 18th, DB Financial Investment Research Institute Park Sang-woo said, “It is expected that long-term interest rates will rise to the right, reflecting the improved economic outlook and normalization of monetary policy (maintaining a long-term neutral interest rate of 2.5%). “He said.
On this day, the mayor responded favorably with the Fed’s confirmation of the dove-like tone. The rise in government bond yields eased around the 2-5 year period, and the US stock market rebounded.
Accordingly, Park predicted that domestic interest rates will continue to rise gradually due to the Fed’s easing attitude.
However, the key is how the Fed will react when the rebound in employment and inflation is confirmed in the future, and how long the market can wait.
“High inflation data will be confirmed from mid-May, and employment in vulnerable sectors is expected to gradually recover thanks to government support and group immunization, and although there are still few opinions, the point of the benchmark interest rate hike is also being accelerated.” “With hikes and inflation pressures, etc.) the market can continue to test the Fed’s patience.”