Britain, Sweden, Switzerland, Norway and other countries also hiked rates this week. But the Fed's signal that it expects high U.S. rates to persist through 2023 sparked the rout in equity and bond markets.
"People have been reflecting on that uncertainty and it might mean more tightening ahead, it might mean even more tightening of financial conditions that the markets have to go through." Sterling fell 3.49% to $1.0864 in its biggest single-day decline since March 2020 when the COVID-19 pandemic rocked markets. The pound was already under pressure before the tax cut announcement, down 11% since the start of July.
The dollar hit its highest in two decades and extended its double-digit gains for the year against several currencies.
occupymars42069 🤣😂😂
And it will keep going up till something fail's
Ps
The dollar is smiling in its victory, will it stay on its throne for a long time?
Bitcoin steady, what a wonderful world
Who cares
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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Stocks slump on Wall Street as Fed steps up inflation fightStocks closed sharply lower Wednesday after the Federal Reserve made another big interest rate hike and sharply increased its outlook for how high it expects to raise rates in coming months.
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Here's our plan for Monday after another painful week to own stocksStocks took a beating this week as the Federal Reserve raised interest rates by another 75 basis points, while yields on the 2-Year Treasury continued to climb. I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Derrick_wright3 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with him
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Stocks tumble sharply on Wall Street amid worries about rates, economyStocks tumbled worldwide Friday on more signs the global economy is weakening, just as central banks raise the pressure even more with additional interest rate hikes. Help! TrafficBarrels
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Stocks tumble sharply on Wall Street amid worries about rates, economyStocks tumbled worldwide Friday on more signs the global economy is weakening, just as central banks raise the pressure even more with additional interest rate hikes. On track for? The week is over. You happy WEF activists? People around the world are suffering and you selfish elitists are using the world as pawns. We see you. The people are not as stupid as you’d like to think we are. karma
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Stocks Making the Biggest Moves Midday: FedEx, Boeing, Ally, Domino's and MoreThese are the stocks posting the largest moves in midday trading.
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Stocks could struggle as investors read the Fed's message to mean a recession is more likelyThe risk of recession could mean that downward earnings revisions could be even worse, strategists say. FJB Which recession are we talking about? The old definition or the “new” definition… I get so confused. 🤣 Great image 🫠
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