Shares in the Asia-Pacific are set to decline, tracking losses on Wall Street.
Hong Kong and Australia are slated to post its unemployment rate reading for December and October to December respectively.2 Hours AgoThe Dow Jones Industrial Average fell 613.89 points, or 1.81%. The S&P 500 lost 1.56% and the Nasdaq Composite slid 1.24%.Cleveland Federal Reserve President Loretta Mester said Wednesday that interest rates have to keep moving higher even with recent inflation readings softening.
In an interview with the Associated Press, the policymaker said the Fed likely will have to take its benchmark interest rate above 5% in order to get inflation moving consistently down to the central bank's 2% goal. She noted that markets and the economy absorbed the half-point December rate hike without a problem.
"I just think we need to keep going, and we'll discuss at the [Jan. 31-Feb. 1] meeting how much to do at any one particular meeting," Mester said. "But my projections and my view of the economy is that we need to do more, we need to get above 5% and then hold it there for some time until we get inflation expectations very well anchored at 2% ... and inflation on that downward path.
The industry group said sales in November and December were up 5.3% year over year. The NRF had projected growth between 6% and 8%. The data does not include spending at automobile dealerships, gasoline stations and restaurants. The sales numbers are not adjusted for inflation.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Asia-Pacific markets trade mixed ahead of Chinese economic dataAs the Bank of Japan kicks off its two-day monetary policy meeting, 10-year Japanese government bond yields will be in focus.
続きを読む »
Wall Street veteran whose fund returned 160% in 2022's bear market shares his trading 'bible'Fund manager Neal Berger, who more than doubled his money last year, reveals how he trades the market.
続きを読む »
Morgan Stanley's earnings top Wall Street expectations, helped by record wealth management revenueMorgan Stanley reported fourth-quarter earnings before the opening bell on Tuesday.
続きを読む »
Despite Net-Zero Vows, Wall Street 'Climate Arsonists' Still Pumping Billions Into Fossil Fuels'It is business as usual for most banks and investors who continue to support fossil fuel developers without any restrictions, despite their high-profile commitments to carbon neutrality.'
続きを読む »
SiriusXM Hires Ex-Wall Street Journal CMO Suzi Watford for New Business Development RoleSiriusXM has recruited Suzi Watford, most recently chief marketing and membership officer at Dow Jones, for a newly created role leading the satellite radio and audio-streaming company’s grow…
続きを読む »