“We’re starting to have a handoff from fears about inflation and the Fed to global economic worries,” said Mark Hackett, chief of investment research at Nationwide. “We’ve reached a universal degree of pessimism.”
The goal is to make borrowing more expensive and effectively crimp spending, which would cool inflation. But, the U.S. economy is already slowing and Wall Street is worried that that the Fed’s rate hikes will pump the brakes too hard on the economy and cause a recession. The yield on the 2-year Treasury, which tends to follow expectations for Federal Reserve action, rose significantly to 4.31% from 4.21% late Friday. It is trading at its highest level since 2007. The yield on the 10-year Treasury, which influencesagainst other currencies is a concern for many countries. It dents profits for U.S. companies with overseas business, and puts a financial squeeze on much of the developing world.
Investors also have several economic reports on tap for this week that will give more details on consumer spending, the jobs market and the broader health of the U.S. economy.
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.
Investors wonder when vicious sell-off in U.S. stocks will end By Reuters*WALL STREET WEEK AHEAD: INVESTORS WONDER WHEN VICIOUS SELLOFF IN U.S. STOCKS WILL END - 🇺🇸 🇺🇸 January 2023 At least not this year
Fonte: Investingcom - 🏆 450. / 53 Leggi di più »
Casino stocks rally after Macau looks set to ease COVID-19 travel restrictionsShare of casino operators rallied in premarket trading Monday, to buck the selloff in the broader stock market, as investors cheered news that Macau looks... Ivermectin reduces COVID death risk by 92%, peer-reviewed study finds I can now proudly say I've met an expert in the market after 5 long years of trading without profiting. Stop trading and loosing your money while experts can give you good and profitable trading results. You can still get it all right with the help of Neliwecynthia.
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »
Russian stocks tumble to their weakest level since 2017 amid reports of possible new sanctionsRussian stocks were leading hefty declines for global markets Monday against the backdrop of economic struggles brought on by the invasion of Ukraine.
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »
Russian Stocks Plunge to February Invasion LowsRussian stocks fell sharply on Monday to reach their lowest point since Feb. 24, the day the first Russian troops entered Ukraine.
Fonte: NBCDFW - 🏆 288. / 63 Leggi di più »
Droughts, Ukraine war push global grain stocks toward worrying decade lowThe world is heading toward the tightest grain inventories in years despite the resumption of exports from Ukraine, as the shipments are too few and harvests from other major crop producers are smaller than initially expected, according to grain supply and crop forecast data. PraiseCapitalism 🙏 Food insecurity is a polite way of saying people are going to starve.
Fonte: Reuters - 🏆 2. / 97 Leggi di più »
Stocks and bonds both get clobbered this time. Here's what's behind the double whammyStocks are down more than 20% this year. Usually when that happens bonds hold their value. But right now both are down sharply, hurting retirees and people saving for college in 529 plans. Always remember, when people panic, “Potter’s buying, not selling”. It’s not hurting the uber-rich who own most of this stuff, however, because they can afford to wait it out.
Fonte: NPR - 🏆 96. / 63 Leggi di più »