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Interest Rate Decision

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finance2 years ago

"10-year Treasury yield nears 16-year highs as Fed prepares for interest rate decision"

U.S. Treasury yields dipped slightly, but the 10-year yield remains near 16-year highs as investors await the Federal Reserve's interest rate decision and economic outlook. The Fed is expected to keep rates unchanged but may provide insights into its policy plans and expectations for the economy. Concerns about higher rates causing a recession persist, although recent inflation reports suggest moderate inflationary pressures. The Bank of England also released lower-than-expected inflation data ahead of its interest rate decision.

via CNBC|
#economic-outlook#federal-reserve#finance
finance2 years ago

"Fed Meeting Today: Interest Rates Set to Soar to 22-Year High Amid Inflation Fight"

The Federal Open Market Committee (FOMC) is set to announce its interest-rate decision today at 2 p.m. ET, followed by a press conference by Fed Chair Jerome Powell at 2:30 p.m. Stocks opened slightly lower, with the S&P 500 and Nasdaq dipping, while the Dow remained steady. U.S. bonds gained, and the 10-year Treasury yield fell slightly. Oil prices retreated after recent gains, as traders anticipate the Fed signaling the need for further measures to control inflation, potentially impacting energy demand. Global stock indexes showed mixed performance, with the Stoxx Europe 600 falling 0.9%, Hong Kong's Hang Seng Index closing down 0.4%, and Japan's Nikkei 225 remaining unchanged. New home sales figures for June are also expected to be released at 10 a.m. ET.

via The Wall Street Journal|
#fed-meeting#finance#fomc
finance2 years ago

Stock market awaits Fed decision and digests Big Tech earnings as Dow's winning streak enters record books.

The S&P 500 fell as traders awaited the Federal Reserve's interest rate decision and digested earnings reports from major technology companies. Google-parent Alphabet rose over 5% after reporting better-than-expected earnings, while Microsoft slid over 3% due to slowing cloud revenue growth. Snap tumbled 19% after giving weak guidance. Dow component Boeing gained over 4% after reporting a second-quarter beat. The Federal Reserve is expected to raise rates by a quarter percentage point, but some caution against assuming this will mark the end of the rate-hiking cycle. Other companies reporting earnings include Meta, Chipotle, and Mattel.

via CNBC|
#big-tech-earnings#corporate-earnings#federal-reserve
finance2 years ago

Mixed Results in Asian Markets as Investors Await Fed Decision

Shares in regional US banks fell on Tuesday, setting a gloomy and defensive tone for Asian markets on Wednesday ahead of the Federal Reserve's latest interest rate decision. The US regional banking index tanked 5.5% on Tuesday, its biggest fall since the depths of the crisis in mid-March. The index is at a two and a half year low and has lost a third of its value in the last two months. In addition, global jitters intensified on Tuesday, with the Reserve Bank of Australia's shock rate hike, a downbeat bank lending survey from the European Central Bank, and a 5% slump in oil prices painting a gloomy picture for the world economy.

via Reuters|
#federal-reserve#finance#global-economy
finance2 years ago

"Blue JOLT sends markets soaring in morning bid"

Inflation data, PMIs, and an interest rate decision will be released in the Asian session on Wednesday, while investors remain defensive following the latest warning that the US economy is losing steam. Falling yields and increased rate cut expectations are not supporting stocks and risk assets, and recession fears are growing. The Reserve Bank of New Zealand is expected to hike by 25 bps, but investors will scrutinize the accompanying commentary for any hints of an end to its tightening cycle.

via Reuters|
#asian-markets#finance#global-economy