*U.S. STOCKS SLIDE, DOLLAR SOARS AFTER HAWKISH POWELL REMARKS -
© Reuters. FILE PHOTO: Pedestrians wait to cross a road at a junction near a giant display of stock indexes in Shanghai, China August 3, 2022. REUTERS/Aly SongNEW YORK -An index of global stock markets fell, while short-term U.S. Treasury yields rose on Friday, after Federal Reserve Chair Jerome Powell said the U.S. economy will need tight monetary policy"for some time" before inflation is under control.
Tight monetary policy"for some time" means slower growth, a weaker job market and"some pain" for households and businesses, Powell said in a speech to the central banking conference in Jackson Hole, Wyoming. He did not hint at what the Fed might do at its upcoming Sept. 20-21 policy meeting. Officials are expected to approve either a 50- or 75-basis-point rate increase.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
European stocks slip on dour German sentiment survey ahead of Powell speechEuropean shares slipped on Friday as investors fretted over downbeat German consumer sentiment data due to rising energy costs and the path for U.S. interest rate hikes ahead of Federal Reserve Chair Jerome Powell's speech at Jackson Hole.
Weiterlesen »
Dow sheds 400 points, stocks drop after Fed's Powell warns of more pain from inflation fightU.S. stocks tumbled Friday to session lows after Federal Reserve Chairman Jerome Powell delivered blunt remarks on the pain the U.S. inflation fight likely...
Weiterlesen »
Jerome Powell Speech, Merge Updates, and Bitcoin's Choppy Price Action: The Week's Crypto RecapDespite failing to produce any meaningful development in terms of price, the cryptocurrency market was particularly choppy and indecisive over the past week.
Weiterlesen »
USD/CAD jumps to 1.3000 after Powell as Wall Street tumblesThe USD/CAD bounced sharply on Friday after Powell’s speech and amid a sharp decline in equity prices in Wall Street. The pair climbed from 1.2920 to
Weiterlesen »
AUD/USD bounces off daily low, remains below 0.7000 mark ahead of US PCE/Fed’s PowellAUD/USD bounces off daily low, remains below 0.7000 mark ahead of US PCE/Fed’s Powell – by hareshmenghani AUDUSD Fed Recession Inflation Currencies
Weiterlesen »
S&P 500 bleeds to fresh lows on the day back of hawkish Fed PowellStocks on Wall Street are bleeding out into the midday New York trade following Federal Reserve Chief Jerome Powell's comments made in a speech to the
Weiterlesen »