Stocks firm, dollar on edge ahead of Fed decision

Interest-rate markets have priced in a slowdown in the cracking pace of rate hikes, with a 25 basis point hike seen bringing the Fed funds rate target range to 4.5-4.75 percent.

“Anything short of Powell going 10 for 10 hawkish may ultimately be seen as being not hawkish enough. Conversely, the market may take even the smallest dovish concession and run with it.” U.S. treasuries were cautiously firmer in Asia, with benchmark 10-year yields down 2 bps to 3.5105 percent. S&P 500 futures fell 0.3 percent.Solid earnings also lifted Wall Street and the mood overnight, even as company executives struck a cautious tone as many firms brace for an expected economic slowdown.

Macroeconomic data was less encouraging. Japan’s factory activity contracted for a third straight month in January, a private survey showed on Wednesday.

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Stocks fall, US yields climb as central bank hikes awaitedInvestors widely expect the Federal Reserve will raise rates by 25 basis points.
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PHL stocks drop on inflation, rate hike worries - BusinessWorld OnlineLOCAL SHARES dropped on Tuesday amid worries over inflation and interest rates and as investors await the policy decision of the US Federal Reserve on Wednesday. The bellwether Philippine Stock Exchange index (PSEi) dropped by 177.72 points or 2.54% to close at 6,793.25 on Tuesday, while the broader all shares index lost 69.56 points or […]
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