Stocks gain, dollar sags as Fed chief shores up rate cut prospects

LONDON - World stocks rose, global bond yields fell and the dollar weakened after Federal Reserve Chairman Jerome Powell bolstered expectations the Fed would cut U.S. interest rates soon.

“Powell’s statement confirmed we are going in the direction of a cutting cycle,” said Charles Zerah, a fund manager at Carmignac. “The main question now is, are investors pricing too much in terms of rate cuts by year end? The way you see equity markets behaving, risk is that what markets are pricing could lead to disappointment.”

“Given we are in the longest expansion and have only had rates lifted to 2.5%, for me it begs the question, is a soft landing possible?” The rate cut prospects also weighed on the dollar. The dollar index against a basket of six major currencies slipped 0.2% to 96.929, extending losses for a second straight session after reaching a three-week peak on Tuesday.

Fraudulent investors, fraudulent Fed.

Sags? Lol. How do you expect us to relate that.

Why is he cutting rates if the economy is good?

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Asia stocks rise, dollar sags as Fed chair sets stage for rate cutAsian stocks rose and the dollar sagged on Thursday after Federal Reserve Chair ... Yuan benchmark here we come. Winter is coming. Moving the goal posts; changing the rules. Typical leftist games.
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »

Asia stocks gain, dollar droops as Fed chair sets stage for rate cutAsian stocks gained and the dollar drooped on Thursday after Federal Reserve Cha...
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »

European stocks set for higher open after Powell hints at Fed rate cutEuropean stocks look set to open higher Thursday morning after U.S. Federal Reserve Chairman Jerome Powell signaled that the central bank could cut interest rates imminently. WE ARE GOING BACK TO GOLD THEY WERE ALWAYS HIGHER
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

Global stocks drop for third day, BASF warning stings EuropeWorld stocks fell for a third straight day on Tuesday, as a stinging warning cam... Stock 'n' load!
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »