The Federal Reserve sent to the financial markets multiple indications on Wednesday immediately after concluding the two-day policymaking meeting. The US Federal Reserve announced on Wednesday that the FOMC had agreed to leave the Federal Funds target range unchanged at 0.0-0.25%, in line with expectations. Moreover, the pace of the …
Read More »3 Rate Hikes For 2022; Stock Market Rises
The Federal Reserve said Wednesday that it will halt crisis-driven asset purchases early next year, setting the stage for three interest-rate hikes in 2022 to help counter the threat of persistently high inflation. The stock market, which was lower as investors braced for Fed meeting news, improved, with the Dow …
Read More »Fed Paves The Way For Earlier Faster Interest Rate Hikes
In an effort to contain price increases that hit a 39-year high last month, the Fed on Wednesday agreed to clear the way for earlier and faster interest rate hikes in 2022 by accelerating the phase-out of its bond-buying stimulus.The Fed’s policymaking committee left its benchmark rate near zero but …
Read More »All Except Tech Shares Awaiting Powell’s Statements
Tech shares investors are not waiting around for Powell to tell what economist and traders already know: The Fed is about to get very serious about inflation. The remainder of the market is waiting and holding their breath.The Dow Jones Index is flat. The S&P 500 is down just 0.2%. …
Read More »Canada’s Inflation Pressures Continues To Widen
The annual inflation rate in Canada remains at 4.7% in November. Analysts point out that inflation pressure continues to broaden; that combined with a stronger labour market will prompt a rate hike from the Bank of Canada during the second quarter of next year. Canada’s headline inflation rate was unchanged …
Read More »Under Pressure, Fed Weighs Inflation Surge Against Omicron Fears
The Federal Reserve is expected on Wednesday to announce that it is speeding up the end of its pandemic-era bond purchases and signal a turn to interest rate increases next year as a guard against surging inflation.The identification of the Omicron coronavirus variant last month has added a new level …
Read More »European Shares Rise as Investors Await Federal Reserve Policy Announcement
European shares rose on Wednesday ahead of the US Federal Reserve’s monetary policy decision, which is likely to tilt the pandemic’s stimulus back at a faster pace to counter growing inflation risks. The pan-European Stoxx 600 index rose 0.5 percent to 471.84 points. Stock markets across Asia fell as weaker-than-expected …
Read More »Japan’s Nikkei Settled Ahead of Fed
The Japanese Nikkei index ended Wednesday’s session, December 15th, in cautious trading ahead of the US Federal Reserve’s decision, which is expected to be decisive on monetary policy, as it is expected to tend to reduce asset purchases at a faster pace. Investors expect the US Federal Open Market Committee …
Read More »European Shares Close Lower Over Omicron Fears
European shares closed lower on Tuesday’s trading, impacted by resurfacing fears of the new coronavirus variant; Omicron.The negative news has made headlines since early morning trading Tuesday, with some 20 manufacturing centers closed in China’s Zhigang state due to the spread of the virus. Health authorities in the UK have …
Read More »S&P 500 drops As Traders Focus on Fed
The S&P 500 falls during the New York session, it is traded is at 4,615.85, down by almost 1.02%, after the US Producer Price Index for November rose the most since 2010, on the footsteps of the last week’s CPI, as more pressures build up on the Federal Reserve Bank …
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