Breaking News: The Markets

'The Fed is breaking things' - Here's what worries Wall Street as risks rise around the world

‘The Fed is breaking things’ – Here’s what worries Wall Street as risks rise around the world

U.S. Federal Reserve Chairman Jerome Powell at a Fed Listens event in Washington, DC, U.S., Friday, September 23, 2022. Al-Draco | Bloomberg | Getty Images As the Federal Reserve steps up its efforts to tame inflation, sending the dollar soaring and bonds and stocks plummeting, there are growing concerns that the central bank’s campaign could …

‘The Fed is breaking things’ – Here’s what worries Wall Street as risks rise around the world Read More »

'The Fed is breaking things' - Here's what worries Wall Street as risks rise around the world

‘The Fed is breaking things’ – Here’s what worries Wall Street as risks rise around the world

U.S. Federal Reserve Chairman Jerome Powell at a Fed Listens event in Washington, DC, U.S., Friday, September 23, 2022. Al-Draco | Bloomberg | Getty Images As the Federal Reserve steps up its efforts to tame inflation, sending the dollar soaring and bonds and stocks plummeting, there are growing concerns that the central bank’s campaign could …

‘The Fed is breaking things’ – Here’s what worries Wall Street as risks rise around the world Read More »

European markets rise after a choppy start to the week

European markets rise after a choppy start to the week

Bank of England right to halt rate hikes as pound tumbles, says chief investment officer The UK central bank is unlikely to rush to raise interest rates, according to Julian Howard, chief investment officer of multi-asset solutions at GAM Investments, despite the pound falling. “I don’t think it’s the Bank of England’s job to support …

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Here's our plan for Monday after another painful week to own stocks

Here’s our plan for Monday after another painful week to own stocks

Stocks took a beating this week as the Federal Reserve raised interest rates another 75 basis points, the third straight hike of this magnitude. It wasn’t the rate move – which the market had been pricing in – but Fed Chairman Jerome Powell’s hawkish comments on Wednesday that hurt stocks. It is now targeting a …

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European markets slide as investors digest further interest rate hikes

European markets slide as investors digest more interest rate hikes; BOE decision to come

Swiss franc weakens significantly against dollar, euro and pound after rate hike The Swiss franc weakened considerably against the US dollar, the euro and the pound following the central bank’s decision to raise interest rates by 75 basis points to 0.5%. As of 9:30 a.m. London time, the dollar was up 0.9% against the Swiss …

European markets slide as investors digest more interest rate hikes; BOE decision to come Read More »