Tag Archives: FED

Sterling hovered around a two-month high on Tuesday as the Bank of England (BoE) said Britain was not experiencing stress linked to the demise of Silicon Valley Bank (SVB) and Credit Suisse. BoE Governor Andrew Bailey told parliament’s Treasury Committee in a hearing on SVB: “I don’t think that any, …

U.S. stock index futures slipped on Tuesday as Treasury yields rose amid easing worries about a banking crisis following First Citizens BancShares’ U.S. regulator-backed deal for failed Silicon Valley Bank. Benchmark 10-year yields rose to 3.545%, weighing on growth stocks such as Apple Inc, Meta Platforms and Alphabet Inc in …

Fed’s Philip Jefferson said on Monday, “The Fed is ‘still learning’ how much impact its interest rate increases have had on the economy and inflation.”“Inflation ‘has started to come down,’ with some of that due to tighter monetary policy and some due to other factors such as improving global supply …

First Citizens Bankers said on Monday that it would take over the deposits and loans of the collapsed Silicon Valley bank, concluding a chapter of a crisis of confidence that caused turmoil in global financial markets. In a separate statement, the Federal Deposit Insurance Corporation, which took control of Silicon …

Financial markets witnessed a very volatile week as investors and traders tended to believe that officials’ efforts to calm banking turbulence would allay concerns that the 2008 financial crisis would recur. Recent central banker statements that sounded less hawkish are bolstering the cautious optimism. In particular, today’s light calendar and …

US stocks closed in positive territory on Friday after a volatile week following the Federal Reserve’s interest rate decision on Wednesday and further pressure in the banking sector. The S&P 500, which fell as much as 1% in early Friday trading, ended up 0.57%. The Dow Jones and technology-heavy Nasdaq …

The GBP/USD pair comes under intense selling pressure on Friday and extends the overnight retracement slide from the vicinity of mid-1.2300s, or its highest level since February. Spot prices, however, manage to rebound a few pips from the daily low and trade above the 1.2200 mark during the early North …

Silver increased beyond $23.00 while Gold once more increased and went above $2,000 before stabilizing at $1991.54 at the time of writing. Following its decline on Wednesday, Bitcoin increased to $28,500. After gaining ground for the majority of the day, the price of crude oil decreased by more than 1%. …

The price of several cryptocurrencies moved higher on Thursday after the Fed’s March meeting yesterday, as well as due to some token-specific news. The price of Bitcoin, the biggest cryptocurrency in the world, has increased by around 4.8% since late yesterday afternoon, reaching a high of $28,700. Bitcoin is trading …

The GBP/USD currency pair oscillates near a seven-week high and pauses a two-day rise. BoE announced a rate increase of 0.25%, matching market expectations, and signalling its preparedness for more if inflation remains high. Treasury bond yields and the US dollar are affected by the Fed’s less hawkish raise as …