Wall Street stocks declined and the yield on short-term US government debt soared after Federal Reserve chair Jay Powell warned that the central bank could more aggressively raise interest rates if the economy grows too quickly. Powell’s comments sent the yield on the policy-sensitive… Read Full Article Here FT
Tag: hawkish
CNBC’s Jim Cramer on Wednesday said that investors exiting the market after Federal Reserve Chair Jerome Powell’s hawkish speech on Wednesday are acting too rashly. “I have no doubt there will be more people bolting from stocks tomorrow morning, believing they’ve been given a tremendous opportunity to get out well ahead of when things accelerate […]
US equities rose on Thursday even as the chair of the Federal Reserve reiterated hawkish rhetoric and the European Central Bank raised interest rates by 0.75 percentage points. The S&P 500 stock index closed up 0.7 per cent in New York, while the technology-heavy Nasdaq Composite gained 0.6 per cent. In bond markets, the yield […]
CNBC’s Jim Cramer on Tuesday implored investors to stay away from speculative assets such as cryptocurrencies, warning that they will continue to struggle during the ongoing Federal Reserve tightening cycle. “Look, Fed chief Jay Powell told us that we need to stop doing stupid things with our money. That was the thrust of his speech […]
The yuan — also known as the renminbi — lost about 0.5% against the dollar on Monday in offshore trading outside mainland China. It traded at 6.9277, the lowest level since August 2020. The yuan in onshore trading also weakened significantly, down 0.6% from the previous session. Risk assets have tumbled globally after Powell signaled […]
The Foreign Secretary has pledged to reshape British foreign policy if she wins the keys to Number 10. Ms Truss has also vowed to reopen the integrated review published last year which outlined British priorities in terms of diplomacy and defence over the next decade. Allies of the South West Norfolk MP argued that during […]
Investors are preparing for a longer period of high interest rates than expected after the US central bank chair delivered his most hawkish speech to date, vowing to ensure elevated prices do not become entrenched. Jay Powell on Friday put an end to any hopes that the Federal Reserve would step back from its dramatic […]
US stocks dropped sharply on Friday after Federal Reserve chair Jay Powell emphasised his resolve to hoist interest rates higher to curb inflation, in a hawkish address at the annual Jackson Hole central banking summit. Wall Street’s S&P 500 gauge fell 2.2 per cent while the Nasdaq Composite ceded 2.7 per cent. The Nasdaq is […]
The SNP Minister while speaking on an interview on ITV said “the West has to keep its mind open to every way in which Ukraine can be helped”. She said: “I understand and I share the concerns about a direct military confrontation between Russia and NATO that a no-fly zone may lead to. “Nobody wants […]
GOLD PRICES have been falling slightly since last week and are approaching a one-week low. Read more here Daily Express :: City and Business Feed