An Asian share gauge added about 1%, bolstered by gains in the Chinese technology sector. That followed Wednesday’s 2.6% surge in the S&P 500 and 4.3% jump in the Nasdaq 100 – though futures suggested the US rally may cool.
The Fed raised rates by 75 basis points for a second month, said such a move is possible again and reiterated its desire to fight inflation. Chair Jerome Powell added the pace of hikes willat some point and policy will be set meeting-by-meeting. That shift comes amid signs of an economic slowdown. Treasuries advanced, lowering the 10-year yield to 2.77%. Swaps tied to the date of Fed policy meetings imply a 3.3% peak for the fed funds rate around year-end – not much higher than the current range of 2.25% to 2.5%.
The yen strengthened 1% against the dollar in the fallout from the Fed decision. Oil advanced toward $99 a barrel, gold edged up and Bitcoin was steady. The knee-jerk relief in markets on possible crumbs of comfort from the Fed outlook echoes a pattern seen after earlier hikes. Those bouts of optimism stumbled on recession risks from a global wave of monetary tightening, Europe’s energy woes and China’s property sector and Covid challenges.“We do feel the hikes are going to slow from these levels,” Laura Fitzsimmons, JPMorgan Australia’s executive director of macro sales, said on Bloomberg Television.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Arizona solar company plans factory in Panama to challenge AsiaUS solar company’s plans for a factory will reduce the country’s reliance on Asian imports at a time when domestic demand for solar panels is soaring
Källa: BDliveSA - 🏆 12. / 63 Läs mer »
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Källa: Moneyweb - 🏆 5. / 77 Läs mer »
Oil hardly changed steady as demand worries counter fall in US stocksConcern about weaker demand offset industry data that showed a larger-than-expected decrease in US crude stockpiles
Källa: BDliveSA - 🏆 12. / 63 Läs mer »