The Week in Business: The Fed Hits the Brakes - The New York Times

Policymakers announced a rate increase of three-quarters of a percentage point. They also reminded americans that it would probably not be the last. Other central banks have been taking similar actions.
#Fed #News #Business #Markets


5 hours ago

Wall St Week Ahead-Investors wonder when vicious sell-off in U.S

The S&P 500 is down more than 22% this year. It briefly dipped below its mid-June closing low of 3,666, erasing a sharp summer rebound in U.S. Stocks before paring losses and closing above that level. Investors worry the Fed's tightening will bring on a downturn.
#TheEconomicTimes #WallSt #News #Business #Markets


Yesterday

Wharton's Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history - MarketWatch

Jeremy Siegel argued the Fed made a massive policy mistake last year by not moving to tighten monetary policy before inflation got out of hand. He mocked the Fed and Powell for insisting inflation would quickly fade on its own. Siegel said the central bank is making working- and middle-class Americans pay with what he expects will be a punishing recession.
#JeremySiegel #Fed #Americans #News #Business #Economy


Yesterday

10-year Treasury yield falls as markets digest Fed rate hike

10-year Treasury note last traded at 3.6946%, down 1 basis point as of 4:12 a.m. ET. It had hit an over 11-year high on Thursday, rising to above 3.71%.
#Treasury #News #Business #Markets


2 days ago

Rapid Fed rate hikes ‘significantly increase’ the risk of recession, top portfolio manager says

The central bank has raised interest rates five times this year, marking the fastest pace of rate hikes since the 1980s. Economists believe the Fed blew up an asset bubble and exacerbated inflation when it extend supportive policies meant to ensure a vigorous economic recovery long after pandemic restrictions subsided last year.
#Fed #News #Business #Economy


2 days ago

Recession to Hit If the Fed Raises Rates Above 4%: JPM Asset Management

The economy won't be able to take the Fed's plan to keep raising rates above 4%. That will likely cause it to tip into a recession, according to a senior analyst. It was the third rate hike of that size this year as Fed officials scramble to rein in inflation, and more are likely in the cards.
#Fed #News #Business #Economy


3 days ago

Gold risks collapse into bear market as Federal Reserve targets inflation

The precious metal is on the cusp of sinking into a bear market. Gold is 0.8% lower at $1,659.82 an ounce at 12:15 p.m. In Singapore. The hawkish Fed projections point to a “rather grim outlook for the economy”
#Fed #Singapore #News #Business #Economy


3 days ago

'Bond King' Gundlach Warns of a 75% Chance of a US Recession Next Year

The federal reserve's commitment to cooling inflation means there's now a 75% chance of its aggressive interest-rate hikes pushing the economy into recession. The hike is three times bigger than the Fed's typical rate rise.
#King #Fed #USRe #News #Business #Economy


3 days ago

Market loses more ground after US Fed rate hike; FMCG outshines

The Sensex was down 337.06 points, or 0.57 percent, at 59,119.72 and the Nifty ended 88.50 points. The Fed turned more hawkish than anticipated, increasing its rate forecast to 4.4 percent by the end of 2022.
#Fed #Sensex #Nifty #News #Business #Markets


3 days ago

Indian stock markets vs US Fed: How to play the faceoff

The Nifty was flat in afternoon trade after being down over 1% earlier in the session. The Fed increased rates by 75 basis points on Wednesday - the third such rise in a row, triggering a selloff in other markets. Investors can remain optimistic but be cautious since India’s valuations are on the higher side.
#USFed #Indian #Nifty #India #News #Business #Markets


3 days ago

Bitcoin touches lowest level since December 2020 after Fed's 75 bps hike

In the last 24 hours, the price of has fallen nearly 2 per cent. The total crypto market cap is now nearing $900 billion. It was over $1 trillion on September 15.
#Fed #News #Business #Markets


3 days ago

Dollar towering, stocks cowering as Fed flags more hikes

The dollar surged to a fresh two-decade high and Asian stocks hit a two-year low on Thursday. The median of the Fed officials' outlook, which has U.S. Rates at 4.4% by year's end and staying high in 2023, seemed to spook even hawkishly positioned rates and currency markets.
#Fed #Asian #News #Business #Economy


3 days ago

Cramer: Investors betting short term will miss out when Powell ‘wins’

The short-term camp is made up of people who either can't handle any pain or don't believe in [Fed Chair Jerome] Powell and want to get out. The Fed raised interest rates by 75 basis points on Wednesday and signaled it will continue its aggressive campaign against inflation.
#Jerome #Fed #News #Business #Markets


3 days ago

Jerome powell: Powell cautions against 'prematurely' lowering rates - The Economic Times

The historical record cautions strongly against prematurely loosening policy. He said there is no room for complacency and the Fed will keep at it until the job is done.
#Powell #Fed #News #Business #Economy


3 days ago

Fed delivers third-straight big hike, sees more increases ahead

Federal reserve officials raised interest rates by 75 basis points for the third consecutive time. The central bank reiterated it "anticipates that ongoing increases in the target range will be appropriate" a fourth-straight 75 basis-point hike could be on the table for the next gathering in November.
#Fed #News #Business #Economy


3 days ago

Watch Chair Jerome Powell speak about the Fed's rate hike and outlook for future increases

A hit on the labor market may be worth it over the long term, he said. The central bank will stay the course to get to its goal.
#JeromePowell #Fed #News #Business #Economy


3 days ago

Fed forecasts show fraying faith in soft landing

The rate hikes are the sharpest since the last time the Fed battled super-high inflation in the 1980s. But even the most hawkish Fed policymaker today sees rates rising only to 4.9% next year, the projections show. By the end of 2024 policymakers see inflation at 2.3%, and easing to 2.4% in the final quarter of 2023.
#Fed #News #Business #Markets


3 days ago

Stock Market Outlook: Fed Will Save Markets With Rate Cuts If Recession Occurs

The move would be an about-face by the Fed considering it has aggressively raised rates in 2022. It would help backstop the stock market in the event of a precipitous decline, according to JPMorgan's Marko Kolanovic.
#MarkoKolanovic #Fed #News #Business #Economy


4 days ago

The Fed Should Be Willing to Cause a Recession - The Washington Post

The central bank will most likely raise its policy rate by another 75 basis points on Wednesday. This week’s expected increase would leave the target range for short-term rates at between 3% and 3.25%. Despite efforts to set matters straight, there’s some ambiguity about this.
#Fed #News #Business #Economy


4 days ago

Euro (EUR/USD) Wilts Again As Putin Ups Ante, Forcing Focus From Fed

The euro has returned to early September’s lows below parity with the US dollar on Wednesday. Putin announced a partial mobilization of the Russian army to include the conscription of certain reservists. The euro is expected to raise rates by a full percentage point.
#Putin #Fed #Russian #Euro #News #Business #Markets


4 days ago