About: josephine
Recent Posts by josephine
Economic growth slowed, US stocks higher
US stocks advanced higher on Wednesday, climbing the most in about a month as the global bond market selloff takes a break. The equity market witnessed fresh upside strength after the release of the minutes from the Federal Reserve (Fed) Beige Book, which showed that price growth has slowed in 9 of the 12 districts Continue Reading
Powell reaffirmed Fed’s commitment to tackle inflation
Jerome Powell, the chairman of the Federal Reserve, reaffirmed the bank’s commitment to combating price increases and remaining upbeat until inflation returns to the Fed’s 2 percent objective on Thursday. Following Powell’s reiteration of the necessity of combating high inflation, the stock market ended a choppy session with solid gains. The Nasdaq increased by 0.6% Continue Reading
US equities rose Friday, maintaining strong momentum
US stocks advanced higher on Friday, witnessing impressive daily gains and preserving its bullish momentum amid the risk-on market sentiment. The markets seem to have priced in a supersized 75 bps rate hike at the September FOMC meeting as the bets for an aggressive monetary tightening were reaffirmed by Fed Chair Jerome Powell, who said Continue Reading
US Stocks rose as the Market viewed Inflation to be nearing its peak
US stocks advanced higher on Monday, preserving their bullish momentum and rose four straight days ahead of the key US consumer-price data. The speculations that inflation is near peaking have provided support to the equity markets, as the US CPI data is expected to show headline CPI cooled in August to an 8% a year Continue Reading
Inflation data boosted expectations for a 75 bps Fed rate hike
US stocks plunged on Tuesday, coming under heavy selling pressure and suffered from their biggest daily losses in more than two years following the release of US Consumer Price Index data. The US annual CPI inflation decelerated to 8.3% yearly in August but was slightly above markets’ estimates of a decline to 8.1%. Therefore, the Continue Reading
