Tag Archives: interest rate hikes

US Treasury yields on Tuesday surpassed more than a decade highs on expectations that the Fed could announce a rate hike of between 75 and 100 points on Wednesday.The ten-year U.S. Treasury yields rose to 3.544 percent against Monday’s close of 3.493 percent.Yields on this type of sovereign securities fell …

Financial markets were quacked on Tuesday by Swedish central bank’s decision to raise rates by a full percentage point. The rate hike by the Riksbank was larger than analysts had expected, causing the Swedish krona to briefly spike against the Euro and Dollar. The krona practically failed to hold onto …

Christine Lagarde, President of the European Central Bank said that policymakers will not let this phase of high inflation feed into economic behavior and create a lasting inflation problem.“If there were evidence that high inflation risked de-anchoring inflation expectations, then the policy rate that is compatible with our target would …

The key event this week will be Wednesday’s FOMC decision, but other major central banks will also have their monetary policy meetings, including the Bank of Japan, the Bank of England and the Swiss National Bank on Thursday. The SNB is expected to raise rates by 100 basis points above …

US stocks slid on Tuesday as the Fed kicked off its two-day policy meeting and Wall Street looked ahead to another large rate hike, to be announced on Wednesday.The Dow Jones Industrial Average fell 340 points, or 1.1%. The S&P 500 shed 1% and the Nasdaq Composite slid 0.7%.The Federal …

Gold prices fell on Tuesday, September 20, under pressure from the stability of the dollar and the rise in US bond yields, at a time when the US Federal Reserve is preparing to announce a major interest rate hike to curb inflation. And gold fell in spot transactions by 0.4% …

The financial markets’ focus is still on major central banks as the US dollar and Treasury yields continue to dictate their saying. Gold prices encounter some pressure at the start of this week, earlier on the day, prices were sliding by 0.20% after falling from $1679 high to $1,659 low …

After the three major indexes logged their worst week in three months, US stocks rose on Monday. The S&P 500 climbed 0.3% after starting the session in the red territory, while the Dow Jones Industrial Average added 100 points. The tech-heavy Nasdaq advanced 0.2%.In the bond market, the benchmark US …

Most investors are worried about an aggressive Fed’s hike that could knock the US economy into a recession. At the time of writing, the USD/CAD is trading at 1.3293, above its opening price by 0.51%. The Canadian dollar weakened versus the solid US dollar, piercing the 1.3300 mark briefly during …

Oil prices slightly rose on Friday on news about Iraq’s Basra terminal’s spill. The news indicates crude supply constraint, but overall, prices are still down on the week on fears that interest rate increases will curb global economic growth and accordingly will impact global demand for fuel.Brent crude futures settled …