News Formal

Hawkish Fed fuels dollar, leaves stocks and bonds bruised

  • 📰 ABSCBNNews
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 83%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

World equities were heading for their biggest fall in weeks on Thursday after the US Federal Reserve startled investors by signaling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.

The dollar scored a 2-month high hot on the heels of its strongest rise in 15 months, Wall Street looked set for a bumpy restart and 10-year US Treasury yields - a key driver of global borrowing costs- consolidated their biggest rise since early March.

While these "dot plots" are not commitments and have a poor track record of predicting rates, the sudden shift was a shock. Markets moved quickly to price in the risk of earlier action and Fed fund futures shifted to imply a first hike by the end of 2022. Yields on 10-year bonds shot up almost nine basis points overnight to as high as 1.57 percent.

Agnès Belaisch, Chief European Strategist of the Barings Investment Institute, said the fact that the Fed was not going to lift rates any time soon was good for world growth and that FX markets would therefore get over Wednesday's shift.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 5. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Hawkish Fed fuels dollar, leaves stocks and bonds bruisedWorld equities were heading for their biggest fall in weeks on Thursday after the US Federal Reserve startled investors by signaling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.
Källa: ANCALERTS - 🏆 26. / 50 Läs mer »

Hawkish Fed fuels dollar, leaves stocks and bonds bruisedWorld equities were heading for their biggest fall in weeks on Thursday after the US Federal Reserve startled investors by signaling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.
Källa: ANCALERTS - 🏆 26. / 50 Läs mer »