Brent crude futures for September rose 40 cents, or 0.4%, to $107.02 a barrel by 0010 GMT, after gaining $2.22 on Wednesday. The market seems to be taking cue from the Fed chief’s observation that, “I don’t think we are in a recession now, the labour market continues to be tight.” The Dow Jones Industrial Average rose 1.4% in Wednesday’s stock market trading. Early Thursday,Merck and Pfizer beat views, with Merck https://www.wisp-forum.it/viewtopic.php?f=9&p=43871&t=38586&sid=41c498d780cc74975fae95da82b00a87 raising its full-year sales target and Pfizer lifting the low end of its EPS forecast. Merck stock, little changed early Thursday, has been trading near its 50-day line as it consolidated for the past two months. Fed chief Powell, speaking after the Fed meeting, stressed that policymakers are “strongly committed to bringing inflation down.” He said the economy is “resilient” with labor markets “extremely tight.”

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. No news or research item is a personal recommendation to deal. FED through its commentary has made markets believe that this interest rate upcycle may not last long contrary to what was estimated before. This may have positive implications on equities globally.

Markets Live: Feds Rate Hike; Impact On Markets; Top Stocks: Tamo, Biocon, Dixon

The stock market rally had big gains Wednesday after the Federal Reserve hiked rates by 75 basis points for a second straight meeting. Fed chief Jerome Powell signaled that policymakers are looking toward slowing the pace of tightening down the road, even as the economy remains stressed and inflation focused. The Fed wraps up its two-day policy meeting Wednesday, culminating in the central bank’s latest rate hike and words from Chairman Jerome Powell. So what’s this increase going Forex to look like, three-quarters of a point, or is there still a chance for a full percentage point? The market is leaning toward the former, but some observers also expect Powell to talk somewhat tough about the need to whip inflation now, or at least over the next few months, as the economy slows. “Powell will very likely get asked about the chance of recession,” said Michael Feroli, JPMorgan’s chief economist. “We suspect he will say it’s a risk but not a foregone conclusion.”

The central bank slightly downgraded its view of the economy, noting that “spending and production have softened.” But “job gains have been robust” while http://www.acquariofilia.biz/showthread.php?t=546967 “inflation remains elevated.” The Federal Reserve raised rates by 75 basis points on Wednesday afternoon, lifting the rate to a target of 2.25%-2.5%.

Recession Fears Mount As Fed Hikes Interest Rates Again

As the United States pushes ahead with its steepest interest rate hikes in a generation, investors are unusually poised to buy in Asia’s emerging markets, betting authorities can tame inflation without https://www.tdameritrade.com/investment-products/forex-trading.html … We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions.

• Gold in the national capital on Thursday jumped Rs 592 to Rs 51,750 per 10 grams, amid a rally in international precious metal prices, according to HDFC Securities.
• That takes the cumulative June-July increase to 150 basis points – the steepest rise since the price-fighting era of Paul Volcker in the early 1980s.
• That’s pretty much what everyone, including Wall Street, expected to happe…
• The yield on the 10-year Treasury added three basis points to 2.96%.
• The U.S. economy likely slowed markedly in the second quarter of the year with GDP rising by just 0.5% — or even declining — in the period from April to June.
• The market rally weathering this news-packed week, so far, is definitely a positive.

VettaFi Head of Research Todd Rosenbluth joins Yahoo Finance Live to discuss the recent rotation into bond ETFs out of fixed income mutual funds, and how tech earnings might impact ETFs. It can provide benefits, like building credit or long-term investments such as buying a house to build wealth over time. Former Atlanta Fed President Dennis Lockhart discusses the Fed’s decision to raise interest rates by 75-basis points and what it means for the economy and future rate decisions. U.S. stock futures were falling Wednesday evening as F acebook parent Meta forecast third-quarter results that underwhelmed Wall Street expectations and weighed on the tech-heavy Nasdaq Composite. Paul Donovan, global chief economist at UBS, discusses the U.S.