Stocks gain ground, Treasury yields pull back after Powell statement

Wall Street equities rose on Wednesday while U.S. Treasury yields pared gains and the dollar lost ground after Federal Reserve Chair Jerome Powell said the central bank could slow the pace of interest rate hikes “as soon as December,” even as he cautioned that inflation was still too high.

“The market is taking this glass-half-full, it could’ve been worse approach. Powell didn’t really say anything that new,” said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute in Charlotte, North Carolina. “Policy continues to tighten. People are just not appreciating it,” he added, noting that even if the Fed were to pause rate hikes it is still shrinking the balance sheet which he sees as “almost as important if not more important than the level of rates.”

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Premarket: World stocks in upbeat spirits, Fed’s Powell in the spotlightFederal Reserve chair Jerome Powell is set to speak later in the day as markets look ahead to the central bank’s December interest rate decision
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

U.S. stocks hit by Fedspeak as China woes boost havens - BNN BloombergU.S. stocks sank as Federal Reserve officials stressed that more rate hikes are coming, with risk appetite also hit by uncertainties around China’s Covid curbs and their impact on the global economy.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

Tuesday’s small-cap stocks to watchOur roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »