The ongoing crash in the bond market, however, could lead to a credit event that would essentially drag down the U.S. dollar,and long private equity trades in the long-term, according to the Bank of America strategists.
Jerome Powell, chairman of the U.S. Federal Reserve, arrives to speak during a news conference following a Federal Open Market Committee meeting in Washington, D.C., US, on Wed., Sept 21, 2022.For the week through Sept. 21, cash saw inflows of $30.3 billion, compared to a loss of $7.8 billion for global equity funds and outflows of $6.9 billion for bond funds. Gold saw a decline of $400 million.
Policymakers approved their fifth consecutive interest rate hike and laid out an aggressive path for future increases that will put the federal funds rate range well into restrictive territory.
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.
Dow enters bear market as stocks fallUS markets were mostly flat after the British pound crashed to a new record low against the dollar Monday morning. Follow live here. Biden sucks 🚶🏾🚶🏾😹😹😹 Good, I hope those greedy aholes lose their effing shirts for what they've done to us with their gambling habits.
Source: CNN - 🏆 4. / 95 Read more »
Fed officials stare down market volatility, say inflation remains paramount focusU.S. Federal Reserve officials on Monday sloughed off rising volatility in global markets, from slumping U.S. stocks to currency turbulence abroad, and said their priority remained controlling domestic inflation.
Source: Reuters - 🏆 2. / 97 Read more »
If you're selling stocks because the Fed is hiking interest rates, you may be suffering from 'inflation illusion'Forget everything you think you know about the relationship between interest rates and the stock market. MktwHulbert High interest rates are NOT THE PROBLEM. The VELOCITY of changes ARE the problem. When you are raising rates faster than you allow those rates to circulate through the economy...THAT IS THE PROBLEM. Does ANYONE that writes for financial news agencies understand economics? MktwHulbert No, but I have less money after paying the mortgage to buy them 🤔🤷♂️😂😂 MktwHulbert Yeah, okay. Just like Inflation is good, 🤡
Source: MarketWatch - 🏆 3. / 97 Read more »
Grayscale Bitcoin Trust discount hits all-time low amid crypto market downturnFour months on from its SEC rejection, GBTC's discount to NAV hit a new all-time low amid crypto market tumult. 'discount' *all-time high (not low) I started trading with $5,000 & now I've earned up to $45,000 within 30 days. Follow Mr Austin_Crypt for his tweets on how to earn automatically without your funds depreciating or liquidated Link on his bio Austin_Crypt
Source: TheBlock__ - 🏆 464. / 53 Read more »