The US Federal Reserve is expected to raise interest rates by 75 basis points on Wednesday to keep inflation at its highest level in more than 40 years. The sudden move follows a worse-than-expected key inflation reading last Friday, the biggest US interest rate hike since 1994. The data suggest that the Federal Open Market Committee (FOMC) may need to be more decisive, slow consumer and act. Business spending and the job market to bring prices under control.
US 2-year Treasury yield rises to 3.356% after Fed statement
US two-year Treasury yields rose to 3.356% after the Fed’s statement, after a brief earlier decline.
Strongly Committed to Bringing Inflation Back to Its 2% Objective: FOMC
The Fed’s policy-making Federal Open Market Committee confirmed it is “strongly committed to bringing inflation back to its 2 percent objective” and expects the key rate to continue.
According to the average quarterly forecast, committee members now clock in at 3.4 percent at the end of the year, up from an estimate of 1.9 percent in March.
Fed hikes interest rates by 75 bps
The US Fed raised the interest rate by 75 bps to 1.75%, the biggest hike in 28 years.
Stocks, bonds rally ahead of Fed meet
Global stocks and government bonds rose on Wednesday in what is expected to be the biggest US interest rate hike since 1994, as investors shrugged off fears of slowing economic growth and instead rallied among beaten-down stocks. Looking for bargains.
ECB moves to ease bond tensions after casualty meeting
The European Central Bank held an unscheduled meeting today to discuss the market path and a way to avoid a debt crisis caused by rising borrowing costs and creating a new crisis tool to manage by supporting high-debt member states. Unveiled plans for new aid scheme. risk.
Why do analysts expect some relief for stock markets after the Fed meeting?
Indian stock markets remained silent as investors remained cautious ahead of the US Federal Reserve’s decision on interest rates. The Fed is to announce its rate decision tonight at 11:30. In the afternoon trade, the Sensex was slightly in the green while the Nifty remained close to 15,750. Some analysts say the main reason for the Fed’s aggressive stance is the low probability of negative surprises. Reading full report
Oil prices fell more than 1% ahead of expected US interest rate hike
Oil prices fell more than 1% on Wednesday as investors looked to fuel demand and hit global economic growth from an expected big hike in US interest rates by the Federal Reserve as US oil production hit pre-pandemic levels.
US stocks jump ahead of Fed’s decision
Wall Street shares opened higher on Wednesday after a disappointing report in US retail sales as markets await the Federal Reserve’s latest response to inflation.
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