US stocks surge as Fed lifts rates

📆 17/03/2022 02:58:00
📰 FinancialReview

⏱ Reading Time:
27 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 90%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

The Fed flagged a “highly uncertain” impact from the war in Ukraine, but dropped direct reference to the coronavirus pandemic and said recession in the next year was unlikely.

| The Federal Reserve raised interest rates - by a quarter of a percentage point - for the first time in three years and said it expected to keep increasing them until they hit between 1.75 per cent and 2 per cent by the end of the year, in a newly aggressive stance against the highest inflation in a generation.

“But, in my view, the probability of a recession within the next year is not particularly elevated. And why do I say that? Aggregate demand is currently strong and most forecasters expect it to remain so,” he said. “Raise rates a bunch, bring inflation down but GDP growth and unemployment are steady. Hmmm,” she wrote.

St Louis Fed President James Bullard was the only policymaker to dissent in the Fed’s decision of a 0.25 percentage point hike, suggesting the Fed should have hiked by 0.50 percentage points.

Scrivi un Commento

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

ASX to jump; Fed raises rates; US stocks rallyAustralian blue chips to follow US shares higher; Federal Reserve increases cash rate 25 basis points; Fed chairman powell upbeat on US economy.
Fonte: FinancialReview - 🏆 2. / 90 Leggi di più »