the central bank may indeed hike short-term interest rates by double the usual amount at upcoming meetings, starting in two weeks.
“After years of being very accommodative, the Fed has made it clear that policy is going to be tighter for the foreseeable future,” said Brian Price, head of investment management for Commonwealth Financial Network. “Their hawkish stance is giving investors pause as many are left to evaluate the impact on profit margins and multiples moving forward.”
The two-year Treasury yield, which moves more on expectations for Fed action on short-term rates, has zoomed even more. It’s at 2.72% after more than tripling from 0.73% at the start of the year. Verizon Communications slid 5.3% after it said it expects earnings for the year to fall at the lower end of the range it had previously forecast. The company also reported slightly weaker revenue than expected for the first three months of the year.
“Looking ahead, that’s putting a sour taste in investors’ mouths around the likelihood of corporate earnings being stronger for the balance of 2022,” he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks fall on Wall Street following Fed chief's commentsStocks shed early gains and ended broadly lower on Wall Street Thursday after the head of the Federal Reserve said the central bank needs to take more aggressive action to fight high inflation. In a panel discussion held by the International Monetary Fund, Fed Chair Jerome Powell said the Fed must move faster than it has previously to tackle inflation, which suggests sharp interest rate increases are likely in coming months. And if I had a stock portfolio, that might mean something to me.
Source: AP - 🏆 728. / 51 Read more »
Tesla earnings 'strong,' but Wall Street 'not willing to bet on' latest robotaxi vehicleAfter Tesla reported record quarterly earnings, its stock rallied more than 7% Thursday. $TSLA has risen more than 41% in the past 12 months, compared with gains of around 7% for the S&P 500 index: We don't buy bitcoin We earn bitcoin from mining I'm ready to show 5 lucky people on how to earn 1 ($40,320) and more daily! No referral No withdrawal fees Interested people only Kindly send us a Dm Just wondering is a 211 P/E ratio good? I think Ford is 6. What does one bad quarter do to Tesla? Pfizer
Source: MarketWatch - 🏆 3. / 97 Read more »
Bitcoin tanks as correlation with stocks rises, Dow drops over 600 pointsBitcoin plunged about 6% on Friday, as the U.S. stock indexes fell, with the correlation between the two assets rising. BetOnline Sportsbook Deposit with Bitcoin Get 5% above market price Get 100% matching bonus 🎲Bet on sports 💰Get paid out in crypto ➡️ people are panic selling cryptocurrencies. Just hold and try to take advantage of the bear market by buying the dips. not investment advice Many Biz handles on Fintwit have run out of content , or dont have enuf paid experts to cover quality output, They hence resort to pumping ponzi Crypto shite.. is one such, but there are many other like it across nations ..
Source: MarketWatch - 🏆 3. / 97 Read more »