Fed Chair Jerome Powell said on Wednesday the central bank would deliver more rate hikes next year even as the economy slips towards a recession, arguing that a higher cost would be paid if the Fed does not get a firmer grip on inflation.
Some analysts interpreted the reaction in rates and currency markets as a sign that traders doubt Powell's policy narrative, retaining bets for an early easing of inflation and a Fed pivot soon. Crude oil gave back some of Wednesday's 2.5% rally that was driven by forecasts of a rebound in energy demand next year on the back of China reopening after the COVID lockdowns.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks inch higher on U.S. data, with Fed in focus By Reuters*GLOBAL STOCKS INCH LOWER AS CAUTION SETS IN AHEAD OF KEY FED RATE DECISION - daddy Jerome pls give me 75bps 75BPSはダメ🙅♂️🙅♀️🙅 75 bps will be good. But no, he's going to annonce 50 bps
Source: Investingcom - 🏆 450. / 53 Read more »
U.S. stocks surge as cooling inflation calms fears of Fed rate hikes By Investing.com*U.S. STOCKS RISE AS COOLING INFLATION CALMS FEARS OF FED RATE HIKES $DIA $SPY $QQQ 🇺🇸🇺🇸 Lavde ka rise sell Today they surge, tomorrow they plummet. Same old, same old. There will still be a rate hike. 7.1 is not close to 2....
Source: Investingcom - 🏆 450. / 53 Read more »
Dan Niles is positive on this corner of tech, names two global stocks to buyThe Satori Fund founder told CNBC that his fund had just bought some stocks.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks welcome U.S. inflation relief, but wary of FedAsian stocks rose on Wednesday, bonds were firm and the dollar nursed losses after data showed U.S. consumer prices barely rose in November, stoking hopes that inflation has peaked and interest rate increases will slow and eventually stop in 2023.
Source: Reuters - 🏆 2. / 97 Read more »
Stocks dip after Fed raises key rates another half-point -SAN DIEGO (KUSI) – On Wednesday, Dec. 14, the Federal Reserve announced it will be hiking interest rates an additional half point to reinforce their fight against inflation. The key short term rate for U.S. loans is now 4.25-4.75%. The Fed has repeatedly increased interest rates in hopes of a “soft landing” as the nation faces a potential recession. This... federalreserve Why do we need the fed? Decentralised currency is the only way. Anything else is slavery. We are at 31 trillion in debt. Impossible to pay back. Guess it’s great news for the bloodline’s children. They are free. We will never be if this doesn’t change.
Source: KUSINews - 🏆 241. / 63 Read more »
Asian stocks sag with dollar as hawkish Fed spurs recession fearsAsian stocks sagged on Thursday, tracking declines on Wall Street, after the U.S. Federal Reserve projected higher interest rates for a longer period. Etrade dont exactly allow me to trade on china stocks so.. not tall that important to me .
Source: Reuters - 🏆 2. / 97 Read more »