About: josephine
Recent Posts by josephine
ECB Raised Interest Rates by 50 bps in Reaction to Rising Inflation and Russia Crisis
The European Central Bank agreed to increase interest rates by 50 basis points, the first increase in almost a decade, in response to increasing inflation and the ongoing conflict with Russia. In addition, Gazprom restored gas shipments to the EU via the Nord Stream 1 pipeline, giving extra support for EUR purchasers. In the US, Continue Reading
Inflation, Rising Interest Rates, and Recession Fears keep Market Sentiment Fragile
Due to dismal results from social-media companies and weak economic data, US stocks dropped on Friday, failing to maintain the upward momentum and ending a three-day rise. Snap Inc.’s disappointing performance and Twitter Inc.’s weaker-than-anticipated sales figure have heightened concerns about online ad spending, which is also one of the mounting indications that technology businesses Continue Reading
US Stocks fell as Fed officials signalled an Aggressive stance to Control Inflation
US stock little declined on Tuesday, as Federal Reserve officials implied the next move of the central bank will be more hawkish to calm runaway inflation. Investors are keeping their eyes out for comments from Fed officials about the necessity of a more aggressive interest rate policy. It’s also worth noting that, Pelosi’s trip has Continue Reading
Market awaits today’s FOMC meeting
Amidst the lowest intraday volatility and volume of the year and ahead of this week’s crucial Fed meeting, US stocks inched up on Monday amid a turbulent session. Large technology firms remained under bearish pressure as investors anticipate negative earnings report news. Despite recession fears, investors are awaiting the conclusion of Wednesday’s critical FOMC monetary Continue Reading
A 75-bps Rate Hike still an Aggressive Boost for the Economy, Recession Concerns remain
US stock surged on Friday, rebounding back and recovering some of the ground it lost at the end of a dizzying week as investors reduced their bets on a bigger rate hike by the Fed in July. Federal Reserve Governor Christopher Waller and St. Louis Fed President Jim Bullard, who are the two most hawkish Continue Reading
