Fed Rate Hike Sparks Market Volatility

A television station on the floor of the New York Stock Exchange (NYSE) in New York, U.S., broadcasts U.S. Federal Reserve Chair Jerome Powell, on Wednesday, Dec. 18, 2024.This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are.

The Federal Reserve unexpectedly raised interest rates more than previously projected threw markets into turmoil and boosted the strength of the dollar. Global central banks insist their monetary policy is independent of the Fed, but such currency moves could. Norway's Norges Bank left its rate unchanged at 4.5% and Sweden's Riksbank lowered rates by 25 basis points to 2.5%., which was endorsed by U.S. President-elect Donald Trump. Without a deal and legislation passed, a partial shutdown of the U.S. government is set to begin late Friday night.. While that decision was in line with forecasts, the Monetary Policy Committee's votes surprised markets. Three members of the committee voted to reduce rates, two more than a Reuters poll had predicted., commonly known as Wall Street's fear gauge because it measures the relative strength of 30-day price changes, jumped on Thursday after the Fed's meeting, though it has since calmed a bit. Despite those worries, there's opportunity in volatility — here's If we adopt an objective eye, the major U.S. benchmarks didn't change much during Thursday's trading session. The S&P 500 slipped 0.09% and the Nasdaq Composite declined 0.10%, but the Dow Jones Industrial Average ticked up 0.04%. But when seen against the context of Wednesday's market rout, the direction of those shifts also gives an indication, however faint, of the narrative animating the markets. To rephrase the stock market on Thursday in such terms: Stocks mostly continued sliding after the Fed unleashed its projections, but the Dow finally broke its 10-day losing streak. It's kind of a mixed ba

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed Rate Hike Sparks Market Sell-OffThe Federal Reserve raised interest rates, leading to a significant market sell-off. The hike, while expected, fueled concerns about the future direction of the economy and the potential impact on stock prices.
Source: CNBC - 🏆 12. / 72 Read more »

Fed Rate Cut Sparks Market Sell-OffDespite a 25 basis point rate cut by the Federal Reserve, markets tumbled as investors anticipated tighter monetary policy in 2025. Micron Technology's stock also declined despite strong earnings.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Fed Rate Hike, Micron Stock Drop, and Market Forecast ImpactThis CNBC Daily Open report explores the reactions to the Federal Reserve's rate increase, the recent decline in Micron Technology stock, and the significant influence of market forecasts on investor sentiment.
Source: NBCDFW - 🏆 288. / 63 Read more »