About: josephine
Recent Posts by josephine
Federal Reserve will stay hawkish on policy tightening
US stocks edged lower on Tuesday, seesawing between gains and losses along the session but gave up ahead of the close amid the bets that the Federal Reserve will stay hawkish on policy tightening. On top of that, recession fears still remained amid the escalating energy crisis, but UK Prime Minister Liz Truss has announced Continue Reading
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
Powell predicts “some pain” as the Fed fights inflation
US stocks tumbled on Friday, as Jerome Powell gave a clear message that rates will likely stay high for some time, throwing cold water on the idea of a Federal Reserve pivot that could jeopardize its war against inflation. Moreover, the Fed chief reiterated that another ”unusually large” hike could be appropriate next month, though Continue Reading
In Focus: US Labour Data After Jackson Hole Symposium
The US Non-farm Employment Change in the labour data is a primary focus this week, as the Fed’s speech at the 2022 Jackson Hole Symposium on 25-27 August may influence policymakers’ decisions. The US will release data this week on job openings, consumer confidence, and manufacturing activity in the service sector. Germany and Switzerland will Continue Reading
