Stanley Druckenmiller Expects a US Recession in 2023 on Fed Tightening

The federal reserve has raised the fed funds rate five times in 2022. He expects the world's largest economy to contract next year. The warning comes after the Federal Reserve raised the rate by another 75 basis points.
#StanleyDruckenmiller #Fed #USRe #News #Entertainment #Tv


4 hours ago

Market LIVE Updates: SGX indicates a negative start for Indian indices; RIL, Tata Steel, M&M in focus

US stock markets ended on the lower side on Thursday as investors reacted to the Federal Reserve's latest aggressive move to rein in inflation by selling growth stocks. NASDAQ was down by 1.37% to 11066 levels. Asian markets are trading on a negative note.
#RIL #Indian #NASDAQ #News #Business #Markets


5 days ago

Japan intervenes to support yen for the first time since 1998

The yen rose as much as 2.3% against the dollar, pulling back sharply from the lows of the day when it had breached a key psychological level of 145. The intervention comes after the bank of Japan insisted it will hold its negative-rate policy even as the Federal Reserve hikes aggressively. A further slide will put pressure on a central bank determined to stoke inflation and a government desperate to avoid a cost-of-living crisis.
#FederalReserve #Japan #News #Business #Markets


6 days ago

Jerome Powell's Federal Reserve raises interest rates again

The central bank has raised interest rates by 0.75 percentage points this year. He said more increases are likely — and they will hurt, slowing growth and weakening the labor market. The problem will only accelerate, and become harder to fix, if the nation fails to tackle it now.
#JeromePowell #FederalReserve #News #Business #Economy


6 days ago

US stocks slip while yields rise, Fed in focus

Investors digested economic data that provided the Federal Reserve little reason to ease its aggressive interest rate hike cycle. U.s. Retail sales unexpectedly rebounded in august as americans ramped up purchases of motor vehicles and dined out more while taking advantage of lower gasoline prices. The Labor Department said initial claims for state unemployment benefits fell to the lowest level since the end of May.
#FederalReserve #News #Business #Economy


1 weeks ago

Wall Street tumbles as inflation data stokes bets of large rate hikes

Indexes fell sharply on Tuesday, snapping a four-day winning streak. A third straight 75-basis-point rate hike from the Federal Reserve next week. The small cap Russell 2000 index (.RUT) dropped 2.5%.
#FederalReserve #Russell2000 #News #Business #Economy


2 weeks ago

Inflation 'collapse' will spark big stock market gains: Credit Suisse

Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. This is actually what's being priced into the market broadly, according to the firm's chief U.S. Equity strategist.
#CreditSuisse #News #Business #Markets


2 weeks ago

Sensex, Nifty, Stock Market Today: All You Need To Know Going Into Trade On Sept

Shares rose after positive close on Wall Street on friday. The euro advanced as investors expected to follow the Federal Reserve. Markets in china, Hong Kong and south Korea closed for holidays.
#FederalReserve #WallStreet #News #Business #Markets


2 weeks ago

Don’t Look Now, But Inflation Might Be Cooling Off - The Washington Post

Comment on this story Comment Gift Article ShareThe Federal Reserve will raise interest rates at the end of September, but are traders pricing in the right move? We also trace how Russia utilizes propaganda in an attempt to assert its dominance.
#FederalReserve #Russia #News #Business #Economy


2 weeks ago

Indian exporters should not rush to hedge non-dollar exposure - analysts

Exporters should wait for the dollar to pullback from its recent high before hedging future receipts in currencies other than the greenback. The dollar index is hovering near its highest level in 20 years, thanks to the Federal Reserve's aggressive monetary policy tightening.
#FederalReserve #Indian #News #Business #Economy


2 weeks ago

Lael Brainard calls for Federal Reserve to hold its nerve on inflation

FT and Financial Times are trademarks of the Financial Times Limited. They are not to be redistributed, copied or modified in any way. A leading federal reserve official has warned the central bank must hold its nerve.
#LaelBrainard #FinancialTimesLimited #News #Business #Economy


2 weeks ago

Wall Street ends busy post-summer session in the red

A strong-than-expected reading on the services sector fueled expectations that the Federal Reserve will keep raising interest rates to tame inflation. The tech-heavy Nasdaq (.IXIC) suffered its seventh consecutive day of losses, its longest losing streak since November 2016. A lot of uncertainty and volatility is not coming from the U.S.; it's actually coming from overseas.
#FederalReserve #Nasdaq #WallStreet #News #Business #Markets


3 weeks ago

Asia-Pacific markets trade lower ahead of Fed Beige Book release

Market in Asia-Pacific opened lower on Wednesday as investors anticipate the Federal Reserve to give its summary on current economic conditions. The Nikkei 225 in japan traded 0.41% lower and the Topix was also 0.37% lower in south Korea.
#FederalReserve #Nikkei225 #Topix #Asia #News #Business #Economy


3 weeks ago

5 things to know before the stock market opens Tuesday, September 6

Stocks are coming off three straight down weeks, and the Nasdaq has closed lower six days in a row, its longest losing streak since 2019. By now, it's widely assumed that the Federal Reserve will again raise its benchmark rate by three-quarters of a point this month.
#FederalReserve #Nasdaq #News #Business #Markets


3 weeks ago

Bank of America sees 'no real signs of a bull market,' calls for S&P 500 to fall to 3,600

The S & P 500 has rebounded nearly 8% from its 52-week low from June 17. However, the market sold off again in recent weeks as Federal Reserve officials reaffirmed their commitment for aggressive rate hikes to squash inflation. Fed Chair Jerome Powell on Friday vowed to continue tightening policy in a way that will cause some pain to the economy.
#JeromePowell #BankofAmerica #500 #News #Business #Markets


3 weeks ago

Uday Kotak warns of sharp correction in market after Jerome Powell's 'economic pain' caution

Uday Kotak, Chief Executive Officer, Kotak Mahindra Bank, said Jerome Powell’s ‘firm’ stance to fight inflation reminds him of Paul Volcker, who turned around inflation in the 70s/80s. Volcker was the 12th chair of the Federal Reserve from 1979 to 1987.
#UdayKotak #KotakMahindraBank #News #Business #Economy


4 weeks ago

Uday Kotak Warns Of Sharp Correction In Market After Powell'S 'Economic Pain' Caution

Uday Kotak, Chief Executive Officer, Kotak Mahindra Bank said US Federal Reserve Chairman Jerome Powell’s stance to fight inflation reminds him of former chair of the US central bank Paul Volcker, who turned around inflation in the 70s/80s. Volcker was the 12th chair of Federal Reserve from 1979 to 1987.
#UdayKotak #KotakMahindraBank #News #Business #Markets


4 weeks ago

Uday Kotak expects Fed Chair Jerome Powell to ‘break the back of’ US inflation

Uday Kotak took note of Federal Reserve Chairman Jerome Powell's signal that the Central bank would raise interest rates further to tame sky-high inflation. Powell has cautioned that when the Fed raises interest rates to combat excessive inflation, Americans will experience a difficult period of poor economic growth and possibly increased unemployment.
#UdayKotak #FederalReserve #Americans #News #Business #Economy


4 weeks ago

Stocks jilted as central banks promise tough love

Federal Reserve Chair Jerome Powell's promise of policy pain to contain inflation quashed hopes that the central bank would ride to the rescue of markets as so often in the past. The tough love message was driven home by European Central Bank board member Isabel Schnabel who warned over the weekend that central banks must now act forcefully to combat inflation, even if that drags economies into recession.
#JeromePowell #FederalReserve #News #Business #Markets


4 weeks ago

Asset Markets Will Decline up to 25% According to Bridgewater's Greg Jensen - BBG By Investing.com

ReutersBy Sam Boughedda, the co-CIO of Bridgewater Associates, said markets are not pricing in the Federal Reserve's continued rate hikes. He said in aggregate, the asset markets will decline from 20% to 25%.
#SamBoughedda #Reuters #News #Business #Markets


1 months ago