News Formal

Asian stocks follow Wall Street’s downward path in wake of Fed warning on rate-hike outlook

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 97%

日本 ニュース ニュース

Markets register displeasure, even dismay, over U.S. central bank’s vow to remain aggressive in lifting lending costs until it is clear inflation has been...

BANGKOK — Asian shares skidded Thursday after a retreat on Wall Street as markets registered their dismay over the Federal Reserve’s warning that still higher interest rates are in store following its latest increase.Japan reported its trade deficit in November surged to over... BANGKOK — Asian shares skidded Thursday after a retreat on Wall Street as markets registered their dismay over the Federal Reserve’s warning that still higher interest rates are in store following its latest increase.

Recent signs that inflation has eased had stoked optimism that the Fed might signal the possibility of rate cuts in the second half of next year. But during a press conference, Fed Chair Jerome Powell emphasized that the full effects of the central bank’s efforts to slow the economy to bring down inflation have yet to be fully felt.

Roughly 70% of the stocks in the S&P 500 closed lower Wednesday, with technology companies, banks and retailers among the biggest weights on the benchmark index. Apple AAPL fell 1.6%, Goldman Sachs GS dropped 2.3% and Best Buy BBY slid 3.9%.The Fed’s latest hike is smaller than the four 0.75 percentage point increases that preceded it and comes a day after an encouraging report showed that inflation in the U.S. slowed in November for a fifth straight month, to 7.1%.

“I wouldn’t see the committee cutting rates until we’re confident that inflation is moving down in a sustained way,” Powell said. Consumer spending and employment remain strong. That has made it more difficult for the Fed to tame inflation while also helping to protect the slowing economy from a possible recession.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Asian Stock Market: US inflation-led relief jostles with pre-Fed anxiety, China concernsAsian Stock Market: US inflation-led relief jostles with pre-Fed anxiety, China concerns – by anilpanchal7 Asia RiskAppetite China Fed Inflation
ソース: FXStreetNews - 🏆 14. / 72 続きを読む »

Asian stocks sag with dollar as hawkish Fed spurs recession fearsAsian stocks sagged on Thursday, tracking declines on Wall Street, after the U.S. Federal Reserve projected higher interest rates for a longer period. Etrade dont exactly allow me to trade on china stocks so.. not tall that important to me .
ソース: Reuters - 🏆 2. / 97 続きを読む »