Wall Street rises as Fed signals slowdown in rate hikes

The Dow Jones Industrial Average rose 95.96 points, or 0.28%, to 34,194.06. The S&P 500 gained 23.68 points,. 0.59%, at 4,027.26 and the Nasdaq Composite added 110.91 points. Trading volume was thin ahead of the Thanksgiving holiday on Thursday.
#Fed #DowJonesIndustrialAverage #S&P500 #WallStreet #News #Business #Markets


2 days ago

US Futures Are Steady as Traders Await Fed Minutes: Markets Wrap

The Stoxx Europe 600 crept to a fresh three-month high as travel and leisure and mining stocks gained. The publication of minutes from the Fed’s Nov. 1-2 meeting -- due at 2 p.m. In Washington -- will be studied for how united policymakers were over a higher peak for interest rates than previously signaled in their inflation fight.
#Fed #Washington #News #Business #Markets


2 days ago

Gold cautious ahead of Fed minutes

Gold futures are broadly flat on Wednesday tracking the international spot prices. At MCX, Gold price is currently near ₹52,200, while silver is trading near � 60, 950. 24 carat gold in 10 grams is cheaper by � 110 on Wednesday to � 52,640. Investors held back from making big bets ahead of FOMC meeting minutes.
#Fed #News #Business #Economy


3 days ago

Asian markets open mixed; crude oil jumps as OPEC+ denies supply increase - Dalal Street Investment Journal

Asian markets open on a mixed note and SGX Nifty indicates a gain of 30 points. Wall Street indices slipped during Monday's trade as investors remained uncertain over Fed rate hike outlook and concerns of Chinese lockdown. Oil jumped in the previous trading session after OPEC+ denied reports of possibility of increase in supply.
#DalalStreetInvestmentJournal #Asian #Chinese #WallStreet #News #Business #Markets


4 days ago

Fed: Gold ticks up as dollar pauses advance; focus on Fed minutes - The Economic Times

The Insolvency and Bankruptcy Board of India (IBBI) is set to propose two key amendments to the law governing bankruptcies. Kirin Holdings has increased its stake in B9 Beverages, the maker of Bira 91 beer, close to 20% from 10%.
#Fed #News #Business #Economy


4 days ago

Here's when Wall Street thinks inflation could finally end

Consumer price index, a widely watched inflation gauge, came in at 7.7% in October. It's probably going to be lower next year, Kevin Kliesen, a business economist and research officer at the Federal Reserve Bank of St. Louis, told CNBC. Some experts are concerned that the historic pace of interest rate hikes from the Fed could spur a recession.
#KevinKliesen #FederalReserveBankofSt.Louis #WallStreet #News #Business #Economy


4 days ago

Morning Bid: Bulls take cover

The latest China worries are resurfacing just as global investors dial back hopes of an imminent Fed pivot on interest rates. The U.N. Climate summit wrapped up on Sunday with a deal by countries to create a fund to help nations battered by climate disasters. The World Cup kicked off on Sunday, industry analysts say a last-minute decision to ban the sale of alcohol at Qatar's World Cup stadiums will seriously limit Budweiser sales in the Gulf state.
#Fed #WorldCup #China #News #Business #Economy


5 days ago

Stock Market Today Live: Sensex, Nifty open negative; Tech Mahindra, Infosys among top losers

Markets are likely to take cues from global triggers this week which is also a week of monthly expiry. On Friday, US markets closed in the positive. Minutes of FOMC will be released this week and many Fed members have indicated a hard monetray policy stance. Asian frontline indices Nikkei 225 and Shanghai Composite were also trading with negative bias.
#Sensex #Asian #Nikkei225 #News #Business #Markets


5 days ago

Fed's Collins declines to say how far Fed will hike rates

Fed rate rises this year have been swift and put monetary policy in a “different phase,” Susan Collins said. The current federal funds target rate is between 3.75% and 4%. The Fed is widely expected to raise rates again at its December policy meeting.
#SusanCollins #Fed #News #Business #Economy


1 weeks ago

GLOBAL MARKETS-Global stocks edge up on hopes recession warning forces Fed's hand

St. Louis Fed President James Bullard said rates needed to rise to a range between 5% and 5.25% to be sufficiently restrictive to curb inflation. Boston Fed President Susan Collins said with little evidence price pressures are waning policymakers may need to deliver another 75-basis point rate hike to get inflation under control. Three top policymakers in Europe also said that the European Central Bank must raise rates high enough to dampen growth as it too fights high inflation.
#JamesBullard #Fed #Europe #News #Business #Markets


1 weeks ago

Wall Street today: US stocks open higher after falling for two days - The Economic Times

St. Louis Fed President James Bullard said on Thursday the US central bank needed to keep raising interest rates given that its tightening so far had only limited effects on observed inflation. Bullard comments stoked concerns that the central bank would stick to its aggressive stance against inflation. The benchmark S&P 500 and the Nasdaq have lost 17% and nearly 29% so far this year on worries that the Fed's aggressive rate hikes could push the economy into a recession.
#JamesBullard #St.LouisFed #Nasdaq #WallStreet #News #Business #Markets


1 weeks ago

Fed to lift rates by 50 bps, but peak policy rate may be higher- Reuters poll

The Federal Reserve will downshift in December to deliver a 50-basis-point interest rate hike. But economists polled by Reuters say a longer period of U.S. Central bank tightening and a higher policy rate peak are the greatest risks. The Fed is set to raise its federal funds rate by half a percentage point to the 4.25-4.50 percent range.
#Fed #News #Business #Economy


1 weeks ago

Fed's Kashkari: not stopping rate hikes until inflation peaks

Minneapolis Federal Reserve Bank President Neel Kashkari says rate hikes should not be stopped until inflation has peaked. Inflation is running at more than three times the Fed's 2% target. Kashkinari: Full effects of rate hikes could take a year before they are felt economy-wide.
#NeelKashkari #MinneapolisFederalReserveBank #News #Business #Markets


1 weeks ago

Treasury curve inverts further below zero after Fed's Bullard produces 5%-7% estimates for fed-funds rate - MarketWatch

The spread between 2- TMUBMUSD02Y, 4.458% and 10-year Treasury yields inverted more deeply. The last time the spread has fallen this far below zero was in February 1982. Investors pay attention to bond-market inversions because they are seen as reliable indicators of approaching recessions.
#Treasury #News #Business #Economy


1 weeks ago

Fed's standing repo facility a key tool some say could be improved

Fed's Standing Repo Facility allows firms to convert Treasuries into short-term cash loans. Facility was designed to provide a safety valve for times where liquidity runs short in bond markets. Many experts and market participants say its existence should help if trouble arrives. They reckon it would save the Fed from having to intervene in financial markets.
#Fed #News #Business #Markets


1 weeks ago

GLOBAL MARKETS-Global stocks slip, dollar steady as retail sales tip Fed outlook

MSCI's all-country world index fell 0.71%, just off a two-month high set on Tuesday. U.S. Retail sales rose 1.3% in October, more than the 1.0% increase that economists polled by Reuters had forecast. The dollar briefly pared losses on release of the retail sales data, but later fell against the euro.
#Fed #News #Business #Markets


1 weeks ago

Treasury market liquidity crunch could derail the Federal Reserve's policy, New York Fed chief says

New York Federal Reserve President John Williams said the financial system must be strengthened. He reiterated the Fed's priority to stay aggressive in its efforts to tame inflation. Williams' comments come as a liquidity crunch takes hold of the $24 trillion Treasury market and threatens to grind the world's most vital bond market to a halt.
#JohnWilliams #NewYorkFederalReserve #News #Business #Markets


1 weeks ago

Fed's Williams says monetary policy not best tool for financial stability

New York Fed President John Williams says monetary policy is not the best tool to address financial stability risks. Williams says policymakers should take action to boost the resilience of things like the U.S. Treasury market. Treasury securities have suffered from poor liquidity as the Fed has aggressively raised rates to lower high levels of inflation.
#Williams #Fed #News #Business #Markets


1 weeks ago

Global stocks slip, dollar weakens as retail sales tip Fed outlook

Stocks in Europe pared overnight losses in Asia after Poland's president said a missile that hit his country was probably a stray Ukrainian defense projectile, dispelling fears that it came from Russia. U.S. Retail sales rose 1.3% in October, more than the 1.0% increase that economists polled by Reuters had forecast.
#Fed #Ukrainian #Europe #News #Business #Markets


1 weeks ago

US Housing Crash: Mortgage Rates Could Crash Prices 20%, Fed Study Says

US home prices could fall by between 15% and 20% as mortgage rates rise, study finds. The Federal Reserve risks crushing demand for housing as it hikes interest rates aggressively, study says. The central bank has raised interest rates by 75 basis points at four consecutive meetings as it works to curb prices.
#FederalReserve #USHousingCrash #News #Business #Economy


1 weeks ago

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