U.S. stocks fall as Fed signals it will remain aggressive

and Swiss National Bank each raising their main lending rate by a half-point Thursday. European stocks fell sharply, with Germany's DAX dropping 3.3%.signaled it expects rates to be higher

over the coming few years than it had previously anticipated. That disappointed investors who hoped recent signs that inflation is easing somewhat would persuade the Fed to take some pressure off the brakes it's applying to the U.S. economy. The federal funds rate stands at a range of 4.25% to 4.5%, the highest level in 15 years. Fed policymakers forecast that the central bank’s rate will reach a range of 5% to 5.25% by the end of 2023.

The yield on the two-year Treasury, which closely tracks expectations for Fed moves, rose to 4.24% from 4.21% late Wednesday.at the same time that pockets of the economy, including employment and consumer spending, remain strong. That has made it more difficult to rein in high prices on everything from food to clothing.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Asian stocks follow Wall Street’s downward path in wake of Fed warning on rate-hike outlookMarkets 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...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Bank of America names the tech stocks set to benefit from a driverless car boomThe Wall Street bank gives two of the stocks over 50% upside potential. CNBC Investing Club w/Cramer portfolio down 19.69% year to date. S&P 500 down 16.70% ytd. All you basically need to know. Do not subscribe. Jim costs you $$. Why pay $299 to $499 subscription for consistently poor performance all year? Boom? 😳 not yet they haven’t really solved it yet Mobileye
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »