Asian shares are trading mostly higher, as investors felt relief from the head of the Federal Reserve indicating it will “proceed carefully” on interest rates.
Wall Street recorded its first winning week since July, with the S&P 500 climbing 29.40, or 0.7%, to 4,405.71. The index had flipped between small gains and losses a few times through the day.
Some had hoped Powell would say the Fed was done with its hikes to interest rates. Higher rates work to control inflation, but at the cost of slowing the economy and hurting prices for investments. The much higher rates have already sent the manufacturing industry into contraction and helped cause three high-profile U.S. bank failures. They’ve also helped to slow inflation, but a string of stronger-than-expected reports on the economy has raised worries that upward pressure remains. That could force the Fed to keep rates higher for longer.
The two-year Treasury, which more closely tracks expectations for the Fed, rose to 5.07% Friday from 5.02% late Thursday. Traders see better than a 50% chance the Fed will hike its main interest rate again this year. That’s up sharply from just a week ago, according to data from CME Group.
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。
1 Stock to Buy, 1 Stock to Sell This Week: Salesforce, Dollar GeneralStocks Analysis by Investing.com (Jesse Cohen) covering: Salesforce Inc, Dollar General Corporation. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
続きを読む »
Action Consultancy Sets South Asian Rising Stars Initiative for India, Pakistan Talent (EXCLUSIVE)As South Asians increasingly make their mark on the world film and TV stage, an initiative to find emerging talent from the region and propel them globally is being launched. Alongside talent from …
続きを読む »
Dow futures tick higher, Fed mulls further hikes By Investing.comDow futures tick higher, Fed mulls further hikes
続きを読む »
Asian stocks surge as China supports equity markets By Investing.comAsian stocks surge as China supports equity markets
続きを読む »
Cryptocurrencies Price Prediction: Solana, Ripple & Pepe — Asian Wrap 28 AugustSolana, one of Ethereum network’s competitors, witnessed a 50% increase in the total volume of assets locked (TVL) on its blockchain. Solana’s TVL cli
続きを読む »
Asia FX flat as markets weigh Fed outlook, dollar near 3-mth high By Investing.comAsia FX flat as markets weigh Fed outlook, dollar near 3-mth high
続きを読む »