[unable to retrieve full-text content]Treasuries Hit as Hawkish Fed Views Keep Piling Up: Markets Wrap Yahoo Finance Source link
Read More »Treasuries Hit as Hawkish Fed Views Keep Piling Up: Markets Wrap – Yahoo Finance
Stocks sink after Fed hikes, Powell gives hawkish outlook
U.S. stocks fell in volatile trading Wednesday after the Federal Reserve delivered its seventh and final interest rate increase of 2022 and Chair Jerome Powell asserted in hawkish remarks that further tightening is underway. The central bank lifted its key policy rate by half a percentage point, slowing the pace from hikes of 75 basis points across the prior four meetings. The move brings the federal funds rate to a new range of 4.25% to 4.5%, the highest level since December 2007. The S&P 500… Source link
Read More »Stocks sink after Powell’s hawkish Jackson Hole message
U.S. stock futures sank lower to start the week, extending a sell-off that began Friday after a hawkish speech by Fed Chair Jerome Powell at the central bank’s gathering in Jackson Hole. Futures tied to the S&P 500 tumbled 0.9%, and futures on the Dow Jones Industrial Average fell by roughly the same margin, or 290 points. Contracts on the tech-heavy Nasdaq Composite shed 1.2%. Meanwhile in the bond market, the benchmark 10-year Treasury note surged above 3%, and the 2-year Treasury yield… Source link
Read More »Stocks extend losses as investors weigh hawkish Powell remarks, more corporate earnings
U.S. stocks fell sharply on Friday as investors weighed a bevy of corporate earnings and braced for more aggressive interest rate hikes from the Federal Reserve in coming months. The S&P 500 tumbled 1.9%, while the Dow Jones Industrial Average plunged 580 points, placing both major indexes at a five-week low. The tech-heavy Nasdaq Composite declined 1.9%. Meanwhile, the 10-year U.S. Treasury yield remained at 2.9%, the highest level since December 2018. The losses follow remarks from Fed Chair… Source link
Read More »JPMorgan, BofA and others now see more rate hikes this year as Fed gets hawkish – Yahoo Finance
Federal Reserve watchers are quickly ramping up and revising forecasts on how many interest rate hikes they anticipate this year after the central bank doubled down on plans to tighten policy and rein in inflation. Economists at Bank of America and JPMorgan increased their forecasts Friday, two days after the Fed’s policy-setting meeting. BofA released one of the more aggressive predictions on the Street. It now expects seven hikes this year — that number was first uttered by JPMorgan CEO… Source link
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