There are greater forces behind this week’s market crash. And they are not done with us

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 92%

Noastack News

Ireland Ireland Latest News,Ireland Ireland Headlines

Monday’s bloodbath in the markets was sparked by Japanese monetary policy changes – there will be more of this

Federal Reserve will start lowering interest rates when it next meets in September, starting with a cut of 0.25 per cent from its current target in the 5.25-per-cent to 5.5-per-cent

Calm was quickly restored, though, since the fundamentals in the U.S. economy didn’t warrant a crash. And when the deputy governor of the Bank of Japan gave a speech on Wednesday in which he hinted the BOJ would go slow with further rate rises, it reassured Japanese investors that the sky wouldn’t soon be falling after all. Nevertheless, we’re likely to see more of this.and stocks to cryptocurrencies and meme stocks, has gone into reverse. That won’t change soon.

ahead of the Fed, with two cuts so far, bond yields, which affect borrowing costs, are still pretty much where they were at the start of this year. That’s because south of the border, the stronger economy and high fiscal deficit is keeping upward pressure on U.S. interest rates, affecting the bond yields here.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines