Prices

Fed hike, Bank of Japan, interest rates, currencies

Fed hike likely to keep Asian risk assets under pressure, JPMorgan says Asian risk assets, especially export-oriented companies, will remain under pressure in the short term following the Fed’s rate hike, according to Tai Hui, chief APAC market strategist at JPMorgan Asset Management. Tai added that a strong US dollar is likely to persist, but …

Fed hike, Bank of Japan, interest rates, currencies Read More »

The biggest Fed rate hike in 40 years? It could be coming next week.

Desperate times call for desperate measures, and times, arguably, are desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a key US interest rate in more than 40 years. After another dismal US inflation report, economists at the brokerage Nomura Securities on Tuesday became the first …

The biggest Fed rate hike in 40 years? It could be coming next week. Read More »

Stock futures rise as Wall Street looks ahead to key inflation data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, September 9, 2022. Brendan Mcdermid | Reuters Stock futures were higher Sunday night as Wall Street looks ahead to key inflation data to be released this week. Dow Jones Industrial Average futures rose 77 points, or 0.24%. S&P …

Stock futures rise as Wall Street looks ahead to key inflation data Read More »

Stocks extend their losing streak a third day, Dow closes down 300 points

Stocks fell for a third day on Tuesday, jeopardizing a summer comeback rally, as the Federal Reserve and other global central bankers continued to signal that they will raise interest rates to squash inflation despite the negative consequences for economic growth and, potentially, corporate profits. The S&P 500 fell 1.1% to 3,986.16, dropping below the …

Stocks extend their losing streak a third day, Dow closes down 300 points Read More »

Dow futures rip higher by 400 points after lighter-than-expected inflation report

Cramer says we’ve hit peak inflation Wednesday’s July CPI report, which showed price increases slow, is a sign that the economy has hit peak inflation, according to Jim Cramer. “We obviously had peak inflation,” he told CNBC’s “Squawk on the Street” on Wednesday, noting that energy, travel and prices at the pump have continued to …

Dow futures rip higher by 400 points after lighter-than-expected inflation report Read More »