Fed’s Powell sinks stocks, raising heat on inflation

Россия Новости Новости

Fed’s Powell sinks stocks, raising heat on inflation
Россия Последние новости,Россия Последние новости

The S&P/ASX 200 will fall almost 1.5 per cent after Jerome Powell declared the Fed won’t back down on inflation: “We will keep at it until we are confident the job is done.”

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 90%

P 500 fell 3.4 per cent, the Dow Jones Industrial Average 3 per cent, and the Nasdaq almost 4 per cent., easing from a 41-year high 9.1 per cent in June.BHP Group declined 1.8 per cent in New York to $US58.88, where one NYSE-traded security is equivalent to two ordinary BHP shares. Atlassian fell 3.5 per cent to $US257.05 and Amcor fell 3.9 per cent to $US12.42.

In fact, the opposite happened. The US 10-year bond rate rose 2 basis points to 3.04 per cent but until Friday, bond prices had rallied, sinking the yield from around a 3.5 per cent peak for treasuries in June. , a former US Treasury secretary under Bill Clinton, said Mr Powell “did what he needed to do”, in comments reported by Bloomberg. The European Central Bank has a tougher assignment than the Fed, he argued, because of energy policy and politics.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

FinancialReview /  🏆 2. in RU
 

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stocks expected to go ‘materially lower’Stocks expected to go ‘materially lower’Jerome Powell’s blunt warning Friday that the economy will be a victim in the battle sent stocks into a tailspin.
Прочитайте больше »



Render Time: 2025-01-20 02:44:09