News Formal

Dollar Surges, Stocks Tumble as Fed Signals Slower Rate Cuts

  • 📰 ftenergy
  • ⏱ Reading Time:
  • 26 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

Business Berita

FED,Interest Rates,Inflation

The US dollar reached a two-year high and global stock markets experienced a decline on Thursday following the Federal Reserve's indication of a more gradual reduction in interest rates next year to mitigate the risk of inflation resurgence. Although the Fed implemented a quarter-point rate cut on Wednesday, its projections for future cuts in 2025 were significantly lowered, signaling continued concerns about persistent inflation and the potential impact of Trump's economic policies on price pressures. Investors reacted to the perceived hawkish stance of the Fed, leading to a sell-off on Wall Street and a drop in European and Asian stocks. The dollar index surged 1.1%, reaching its highest point since November 2022.

The dollar hit a two-year high and global stocks fell on Thursday after the Federal Reserve indicated it would cut interest rates more slowly next year to guard against any renewed threat of inflation. The quarter-point reduction in interest rates the Fed delivered on Wednesday, at its final meeting before Donald Trump takes office next month, was overshadowed as officials trimmed projected cuts in 2025.

Many of the biggest winners in a powerful 2024 equities rally pulled back. In bond markets, the yield on the benchmark 10-year Treasury rose another 0.03 percentage points to 4.52 per cent. The rate-sensitive two-year yield was flat at 4.35 per cent after leaping 0.11 percentage points. Indications that US interest rates could remain higher for longer, sharpening the appeal of the dollar, hit Asian markets hard on Thursday. The Indian rupee fell to a record low of Rs85.1 against the dollar.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 47. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Insead Surges to Top Spot in FT’s European Business Schools RankingInsead has topped the Financial Times' European Business Schools Ranking for the first time, jumping from 18th place last year. This achievement surpasses past leaders HEC Paris and London Business School, highlighting Insead's success across various programs including MBA, Executive MBA, and executive education courses. The ranking reflects factors like alumni salaries, career progression, faculty research outputs, and staff diversity, emphasizing European schools' strengths in management programs, gender diversity, and sustainability efforts.
Sumber: FT - 🏆 113. / 51 Baca lebih lajut »