5 Things to Know Before the Stock Market Opens Thursday

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The Fed sees six more interest rate hikes ahead in 2022, while Russia claims it made a key interest payment on foreign debt.

The Federal Reserve building in Washington, January 26, 2022.by a quarter percentage point Wednesday, its first hike since December 2018, as the U.S. central bank looks to tamp down historically high inflation. The Fed's policymaking arm indicated it sees additional rate increases at its six remaining meetings in 2022. That suggests a consensus funds rate by year-end of 1.9%.

It also may start reducing its balance sheet in May, chief Jerome Powell said at a news conference, suggesting the process could have an impact equal to an additional rate hike. Central bankers' projections for inflation in 2022 rose, while they trimmed their GDP growth expectations to 2.8% from 4%.Oil pumping jacks, also known as"nodding donkeys," in a Rosneft Oil oilfield near Sokolovka village, in the Udmurt Republic, Russia, on Friday, Nov. 20, 2020.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 288. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines