BREAKING NEWS: MARKETS

Here’s our plan for Monday after another painful week to own stock

Stocks took a hit this week as the Federal Reserve raised interest rates by another 75 basis points, the third consecutive increase of that size. It wasn’t price action – which the market had expected – but Fed Chairman Jerome Powell’s hawkish comments on Wednesday that hurt stocks. It is now targeting a 4.4% rate …

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European markets are falling as investors digest more interest rate hikes

The Swiss franc weakened significantly against the dollar, the euro and the pound after the interest rate hike The Swiss franc weakened significantly against the US dollar, the euro and the British pound after the central bank’s decision to raise interest rates by 75 basis points to 0.5%. At 9:30 AM London time, the dollar …

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Asian markets traded higher as inflation in Japan approached an 8-year high; China keeps the benchmark lending rate unchanged

Technology and casino stocks in Hong Kong support the broader index Australia’s central bank says argument to boost slow rate hikes The RBA board members saw the case for the slowdown in the pace of interest rate increase becoming stronger, according to the minutes of the September 6 meeting, as it raised the interest rate …

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CNBC survey shows that the Fed is now expected to keep raising rates and then keep them there

US Federal Reserve Chairman Jerome Powell gives a press briefing after the surprise announcement of the Federal Reserve’s interest rate cut on March 3, 2020 in Washington, DC. Eric Bardat | AFP | Getty Images It seems that Wall Street is finally embracing the idea that the Fed will raise interest rates into restricted territory …

CNBC survey shows that the Fed is now expected to keep raising rates and then keep them there Read More »