Rate remarks by Atlanta Fed's Bostic heard round the world.
BEIJING — Asian stock markets followed Wall Street higher early Friday after a Federal Reserve official raised hopes the U.S. central bank might not step up its anti-inflation fight as much as feared.Equities on Wall Street rose Wednesday for the first time in three... BEIJING — Asian stock markets followed Wall Street higher early Friday after a Federal Reserve official raised hopes the U.S. central bank might not step up its anti-inflation fight as much as feared.
China is beginning its annual legislative session, where leaders are expected to affirm policies meant to spur growth after a long slowdown worsened by COVID-19. The Dow Jones Industrial Average DJIA added 1% to 33,003.57. The Nasdaq Composite COMP gained 83.50, or 0.7%, to 11,462.98. The yield on the 10-year Treasury TY00 TMUBMUSD10Y , or the difference between its market price and payout at maturity, widened to 4.06% from 4.00% late Wednesday and from less than 3.40% earlier this year. It is near its highest level in four months.Investors also are cutting expectations of U.S. corporate profits due to warnings inflation and interest rates might cool consumer demand.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Fed's Bostic sees needs for interest rates to be raised to 5%-5.25% rangeAtlanta Fed President Raphael Bostic on Wednesday said the Fed needs to raise the federal funds rate to between 5% and 5.25% and no rate cuts this year.
Consulte Mais informação »
Here's why the stock market has been so resilient amid Fed rate hikes3 reasons why the stock market has been incredibly resilient in the face of an aggressive Fed, according to JPMorgan
Consulte Mais informação »
Asian stocks up on hopes Fed will adopt slow approach to more hikesAsian shares rose on Friday after Wall Street reversed losses on signals of a measured policy tightening approach from the U.S. Federal Reserve as well as on prospects of a solid economic recovery in China.
Consulte Mais informação »
Fed seen likely to raise policy rate above 5.5% by SeptemberTraders of futures tied to the Federal Reserve's policy rate added to bets on Wednesday that the U.S. central bank will raise its benchmark rate to a range of 5.5%-5.75% by September, as a widely-followed report signaled some upward price pressures in manufacturing last month.
Consulte Mais informação »
Factbox: Fed rate watch: Wall Street banks see longer hike cycle, higher ratesAs the U.S. economy holds up better than expected in the face of aggressive interest rate hikes, markets have started pricing in a higher peak rate as the Federal Reserve battles sticky inflation in a tight labor market.
Consulte Mais informação »
USD/JPY aims to break 136.20 as Fed rate hike fears back in actionThe USD/JPY pair is struggling to extend its auction above 136.40 while the downside looks supported around 136.00 in the Asian session. The asset is
Consulte Mais informação »