News Formal

Asian stocks tense for Fed tapering news

  • 📰 Reuters
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Asian shares eased and the dollar held firm on Monday ahead of a week graced with no less than a dozen central bank meetings, highlighted by the Federal Reserve which is likely to take another step toward tapering.

Early Monday, MSCI's broadest index of Asia-Pacific shares outside Japanwas shut and could do with consolidating after surging to 30-year highs on hopes a new Prime Minister will bring more stimulus and policy change.

The Fed is still expected to lay the groundwork for a tapering at its policy meeting on Tuesday and Wednesday, though the consensus is for an actual announcement to be delayed until the November or December meetings.Yields on 10-year Treasuries touched a two-month top and the curve flattened ahead of the meeting.

He noted only 2-3 FOMC members would need to shift their "dot plot" forecasts for a hike in 2022 to make it the median, given seven of 18 had already tipped a move next year. The market consensus is for two hikes in 2023 and four in 2024 with the longer-run fed funds rate seen at 2.125%.

 

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:

 /  🏆 2. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inflation challenges stock-market underpinnings as investors look ahead to Fed meetingInflation is unsettling some investors, even if it does prove a transitory feature of the pandemic. horrible Michael Burry Warns Retail Traders About the 'Mother of All Crashes' Gotta love that Democrat frivolous spending. Especially when 80% of that money goes to other countries , not ours. USA is the ATM to the world
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks fall in Hong Kong; most other Asian markets closedShares fell more than 3% in Hong Kong on Monday in holiday-thinned trading in Asia, with other big markets in Tokyo and Shanghai closed. Blood bath thanks to evergrande - more to come nice Brace yourself for impact...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks fall in Hong Kong; most other Asian markets closedShares fell more than 3% in Hong Kong on Monday in holiday-thinned trading in Asia, with other big markets in Tokyo and Shanghai closed. Blood bath thanks to evergrande - more to come nice Brace yourself for impact...
Source: MarketWatch - 🏆 3. / 97 Read more »