Against this backdrop, the U.S. Federal Reserve is central to market action this week, with Fed officials meeting on Tuesday and Wednesday to discuss their next monetary policy move.
The Federal Open Market Committee is widely expected to announce at least a 50-basis-point hike on Wednesday, having already raised rates twice this year, though market bets for a 75-basis-point hike have risen in light of Friday's inflation reading.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jim Cramer: Why we're buying stocks heading into Wednesday's big Fed decisionOn Tuesday, we will begin to put to the money to work that we have saved on the sidelines. Oh damn I was a day too early Crash incoming This guy will literally cause you to go broke. Jesus
Source: CNBC - 🏆 12. / 72 Read more »
Music Stocks and Cryptocurrencies Hit by Recession, Inflation FearsRadio stocks fared the worst as a group amid worrisome market declines and the anticipation of a substantial rate hike.
Source: billboard - 🏆 112. / 63 Read more »
Dow sinks 800 points and stocks enter bear market on worries of drastic rate hikesUS stocks plunged into bear market territory Monday morning as Wall Street investors grew increasingly nervous about the prospect of even more harsh medicine from the Fed to take the sting out of inflation. Well, time to build again I believe Putin has something to do with this.🤣🤣🤣🤣🤣 Since the beginning of this year when was it not in bear territory. I have lost 45 percent of my investment.
Source: cnni - 🏆 326. / 59 Read more »
Plunging stocks, recession fears: Here's what to do — and not do — with your 401(k)With stocks entering a bear market and inflation at a 40-year high, here's what experts say about surviving the turbulence. some of us saw this coming and prepared for it some time ago
Source: CBSNews - 🏆 87. / 68 Read more »
History Says These Stocks Still Aren't Cheap Despite Big Market Sell-OffThese stocks are falling, but still trading above their historical price-to-earnings ratios.
Source: nbcsandiego - 🏆 524. / 51 Read more »