JPMorgan Chase now sees the risk of the US and / or global economy going into recession this year, in a note released on Wednesday following data showing that US gross domestic product shrank by the first quarter of the year more than originally estimated. “It makes sense to consider the risk of the US […]
Tag: Fed interest rates
Waller (Fed): Supports raising interest rates by 75 basis points in July
US Federal Reserve Governor Christopher Waller said he would support another 75 basis point rate hike at the central bank meeting in July if the financial data is what he expects, according to Bloomberg. “The Fed is fully committed to restoring price stability,” Waller said. The Fed raised interest rates by 75 basis points on […]
The Fed’s commitment to curbing inflation brought a rally to the Wall
Wall Street traded higher on Wednesday, ending a five-day slump after interest rates rose 0.75% from the Fed and Powell signaled a similar rise in July, a move that convinced them investors that the central bank is determined to tackle inflation that has climbed to highs of more than 40 years. The Federal Reserve today […]
Τζ. Powell: We will do whatever it takes to reduce inflation – does not rule out another 0.75% increase in July
The Federal Reserve’s intention to take the necessary steps to bring inflation back to acceptable levels was stressed by US Federal Reserve Chairman Jerome Powell at the regular press conference following the two-day Federal Open Committee meeting. The Fed chairman acknowledged that US inflation was “very high”, which he said had led the central bank […]
The Fed escalates its anti-inflation action – Raises interest rates by 0.75 points
LAST UPDATE: 21:21 The Federal Reserve raised interest rates for the third time in a row on Wednesday, escalating action to tackle inflation that continues to “gallop” steadily to new highs of 40 years (8.6% in May), confirming market estimates that it moves more aggressively but also intensifies fears that it could lead the US […]
Gains on Wall Street after the five-day downtrend, pending the Fed
Wall Street indexes are moving higher on Wednesday, for the first time after five falling sessions – which “sank” the S&P 500 in bear market on Monday – with investors waiting for today’s Fed decision on interest rates, “weighing” whether or not the US Federal Reserve will eventually raise its interest rates for almost 30 […]
Wall Street is on the rise after five days of losses, pending the Fed
LAST UPDATE: 18:30 Wall Street indexes are moving higher on Wednesday, for the first time after five falling sessions – which “sank” the S&P 500 in bear market on Monday – with investors waiting for today’s Fed decision on interest rates, “weighing” whether or not the US Federal Reserve will eventually raise its interest rates […]
Wall Street is up despite + 0.75% of the Fed
LAST UPDATE: 21:20 Wall Street traded higher on Wednesday for the first time since five bearish sessions – which plunged the S&P 500 into a bear market on Monday – with investors looking cool in the face of the Fed’s biggest rate hike in 30 years. In particular, the Dow Jones industrial average started the […]
Rally on Wall Street after the + 0.75% of the Fed
LAST UPDATE: 21:50 Wall Street indices are on a strong uptrend, with investors pleased with the Fed’s biggest rate hike in 30 years. In particular, the Dow Jones industrial average started the session with an increase of almost 400 points, in the process it slowed down and lost the sign for a while after the […]
Daly (Fed): ‘Stop’ interest rate hikes when they reach around 2.5%
The view that the Federal Reserve should continue to aggressively raise interest rates after July was expressed on Wednesday by Fed Chairman Francisco Mary Daly, noting that the time for a “pause” will come when the Federal Reserve reaches its key interest rate around 2.5%. “We have to bring the interest rate to a neutral […]