Global stocks rise after Fed sees inflation improving

Wall Street's benchmark S&P 500 index rose after the Fed increased its key lending rate by 0.25 percentage points, smaller than previous hikes. Chair Jerome Powell said the "disinflationary process has started" but "ongoing increases" in rates will be needed.

The gap between market pricing and Fed plans "appears to have widened," Lavanya wrote. "This leaves room for a rude shock down the road." On Wednesday, the S&P 500 gained 1% after Powell's news conference for its highest close in two months. Wednesday's announcement raised the Fed's overnight lending rate to a 16-year high of 4.5% to 4.75%, up from close to zero early last year.Hiring is resilient despite repeated rate hikes. While that helps workers, it adds to worries that wage gains could add to upward pressure on prices.

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.

Crypto market flashes red ahead of Fed/Wall Street clashFOMC reportedly fears that the rising stocks market might undermine its targets. The hawkish posture unsettled markets briefly on Monday. The crypto market flashed red on 30 January, just a day before the Federal Open Market Committee (FOMC) meeting on 31 January and 1 February, 2023. A report by Bloomberg alleged that the market reaction […] Hahah eth the king of crypto
Source: CryptoAmb - 🏆 22. / 68 Read more »

Global stocks higher ahead of U.S. Fed rate decisionGlobal stocks rose Wednesday while Wall Street futures declined ahead of what traders hope will be the last Federal Reserve interest rate hike for some time. Fake news. The stock market is the greatest driver of inequality that we have today.
Source: CTVCalgary - 🏆 26. / 68 Read more »