Stocks creep higher as inflation data offers hope ahead of Fed By Reuters

The U.S. central bank said last month when it raised interest rates by 50 basis points that the terminal rates may need to remain higher for longer to fight inflation.

Investors will get a better picture of the U.S. labour market this week, with several pieces of data scheduled, culminating in the employment report on Friday. "It is too early to start betting on a Fed pivot this year, and that should make this difficult environment for stocks," said Edward Moya, senior market analyst at Oanda in New York., which measures the greenback against six other currencies, fell 0.74% after rising 1% overnight in a sign of investors' uncertainty about the path forward for rates.fell to 3.6958%, and 2-year Treasury yields, which typically move in step with interest rate expectations, slipped 6 basis points.

sell gold 1858 Sl 1870 tgt 1780 Help +919173426857 GOLD

Europe defeated inflation without raising interest rates that much. FED has destroyed the stock market, people who depend on credit, etc. The FED is very competent

The rise before the drop.

Magic money 💴 created exnihilo YEEEAAAAAHHHH

Indian equity markets went the other way.

Hope 😂😂😂

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.

Stocks creep higher as inflation data offers hope ahead of FedEuropean and Asian shares rose on Wednesday thanks to positive news about inflation and China's strict anti-COVID measures, while the dollar backpedalled as investors await minutes from the Federal Reserve's most recent meeting.
Source: Reuters - 🏆 2. / 97 Read more »

Stocks in Asia gain, dollar sways as Fed minutes take centre stageAsian equities rose sharply on Wednesday, boosted by Hong Kong shares, while the dollar was on the back foot, with investors keenly awaiting minutes from the Federal Reserve's most recent meeting to gauge the path forward for interest rates.
Source: Reuters - 🏆 2. / 97 Read more »

Buy these global clean energy stocks, UBS says, forecasting one to rise 50%UBS expects good quality energy suppliers to perform well, even against a backdrop of rising interest rates. Just not Tesla Do your own DD in Origin Materials. That is all. We funny 😍👏🏼👣
Source: CNBC - 🏆 12. / 72 Read more »

Asian stocks in 2022 suffer biggest foreign outflows since 2008 global crisisForeign investors withdrew more money from emerging Asian equities in 2022 than they had done in any year since the global financial crisis in 2008, as rising U.S. interest rates pulled funds towards dollar assets. China has proven totally unreliable. Why would you buy Chinese stocks?
Source: Reuters - 🏆 2. / 97 Read more »