Stocks and US equity futures rallied Wednesday as a batch of resilient company earnings helped alleviate some of the wider caution in markets ahead of a pivotal Federal Reserve monetary-policy meeting.
Italian bonds fell after S&P Global Ratings lowered the nation’s outlook to stable from positive. The dollar and Treasury yields slipped, while oil and European natural gas prices extended gains. The projected 75 basis-point Fed move to tackle price pressures would cement the steepest two-month rise in rates since the 1980s. The key question is whether Chair Jerome Powell’s policy signals validate or refute scaled-back bets projecting a 3.4 per cent peak fed funds rate around year-end and cuts in 2023 to shore up an economy at risk of recession.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CTVNews - 🏆 1. / 99 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: CTVNews - 🏆 1. / 99 Read more »
Source: CTVNews - 🏆 1. / 99 Read more »