About: josephine
Recent Posts by josephine
Fed rate raised by 75 basis points; Fed acting swiftly to combat inflation
In response to Fed chairman Jerome Powell’s less hawkish remarks after the central bank’s monetary policy decision, US stocks jumped on Wednesday, regaining upside momentum and making a significant return. Wednesday, the US Federal Reserve stated that it had increased the main benchmark rate by 75 basis points to a range of 2.25 to 2.5%, Continue Reading
Strong US job report eased recession fears
US stock closed flat on Friday after struggling for direction throughout the session as the strong US job report eased recession fears but further supported the case for a 75 bps rate hike by the Fed to fight inflation. Earlier in the North American session, the Nonfarm Payrolls report added 372K jobs to the economy Continue Reading
War in Ukraine, Slowdown in China, and Potential of a US recession make Investors Nervous
US stock advanced on Wednesday, which is the first back-to-back gain in almost two weeks. Risk sentiment remains fragile, any upbeat surprises may lead to dramatic gains for markets amid investors’ expectations for potential disappointments. Tesla briefly jumped in extended trading after its earnings beat estimates. Besides the war in Ukraine, a slowdown in China Continue Reading
Stocks fell as traders braced for a strong inflation report
Stocks slumped on Monday, with trades positioning for a high inflation reading and the start of a key earnings season that could provide clues as to whether the economy is heading for a recession. On the trade of the day, the dollar climbed, and a sell-off in mega-caps like Tesla Inc. and Apple Inc. weighed Continue Reading
This Week: Markets spotlight FOMC meeting amid record inflation worries
All eyes will be on the US Federal Open Market Committee (FOMC) meeting this week for insights into upcoming interest rates hikes after annual inflation hit a 4-decade high of 9.1% in June. US policymakers are anticipating continued price surges and are backing a 50-75 basis points hike. Officials say the economic outlook warrants moving Continue Reading
