Interest rates and stocks: Understanding the current market trends.
The US dollar is on track for its longest losing streak in 2.5 years after the Federal Reserve signaled a pause in interest rate hikes, with futures implying a 50% chance of one more quarter-point hike. The Swiss franc edged higher after the Swiss National Bank raised its policy rate by 50 basis points, while the Bank of England is under pressure to raise rates after a surprise rise in British inflation. The Norwegian crown strengthened after the Norges Bank raised its interest rate by 25 bps to 3%, and the Australian and New Zealand dollars rose. Financial markets have been roiled by wavering confidence in banks globally following a run on Silicon Valley Bank two weeks ago and the sudden demise of Credit Suisse.
- FOREX-Dollar falls for sixth day as Fed signals rate-hike pause Yahoo Finance
- What to do with your money now that the Fed just raised rates for the ninth time CNN
- Will the RBA follow the US Fed in lifting interest rates despite banking turmoil? The Guardian
- Opinion | The Fed Tries to Thread the Needle on Interest Rates The Wall Street Journal
- Why Are Stocks Down? InvestorPlace
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