US stocks bounce, investors digest news of 2022 rate hikes - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 1/11/2022 6:17 PM
📰 SABCNews

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

US stocks bounced and Treasury yields retreated on Tuesday in choppy trade as investors absorbed remarks from the Federal Reserve that interest rates are likely to rise this year, as expected.

In comments to US lawmakers, Federal Reserve Chairman Jerome Powell said he expected the Fed would raise rates and end its asset purchases this year, but that the central bank had made no decision about the timing for tightening monetary policy.

The pan-European STOXX 600 index rose 0.84% and MSCI’s gauge of stocks across the globe gained 0.72%. Some investors were relieved that the Fed did not sound more hawkish than the market had anticipated in its latest remarks, and this helped Treasury yields pull back a touch from two-year highs struck earlier.

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:

Write Comment

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Citrus industry soured by lemon juice antidumping complaint from US[LISTEN] Lemon juice industry is at risk of being slapped with tariffs if investigations being conducted in the US show that SA is dumping cheaper lemon juice & unfairly benefiting from higher profit margins SAfmRadio MarketUpdate FifiPeters Moneyweb SAfmRadio FifiPeters Dumping AND high profit margins? Impressive! SAfmRadio FifiPeters For real? Incredible!
Source: Moneyweb - 🏆 5. / 77 Read more »