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US stocks tumbled amid the risk-off market sentiment and surging US dollar
US stocks tumbled sharply on Friday, coming under heavy bearish pressure and suffered daily losses amid the risk-off market sentiment and surging US dollar. The UK’s plan to lift its economy fueled concerns about heightened inflation and added to fears of a global recession. Liz Truss’s new UK government delivered the most sweeping tax cuts Continue Reading
US stocks tumbled amid the risk-off market sentiment and surging US dollar
US stocks tumbled sharply on Friday, coming under heavy bearish pressure and suffered daily losses amid the risk-off market sentiment and surging US dollar. The UK’s plan to lift its economy fueled concerns about heightened inflation and added to fears of a global recession. Liz Truss’s new UK government delivered the most sweeping tax cuts Continue Reading
Week Ahead: US Initial Jobless Claims, CB Consumer Confidence, Canadian GDP
This week will see a much lighter schedule of data releases compared to last week. Some significant releases to watch out for include the CB Consumer Confidence and Core PCE Price Index in the US and the Gross Domestic Product in Canada. US CB Consumer Confidence | 27 September 2022 The US Consumer Confidence Index Continue Reading
Bank of England and Swiss National Bank follow Fed in increasing interest rates
On Wednesday, U.S. central bank officials raised interest rates to a new range of 3.0% to 3.25%. Policymakers also expect to lift rates higher than before and maintain that level, projecting the fed funds rate rising to 4.4% by the end of this year and 4.6% by the end of 2023. Numerous central banks from Continue Reading
Bank of England and Swiss National Bank follow Fed in increasing interest rates
On Wednesday, U.S. central bank officials raised interest rates to a new range of 3.0% to 3.25%. Policymakers also expect to lift rates higher than before and maintain that level, projecting the fed funds rate rising to 4.4% by the end of this year and 4.6% by the end of 2023. Numerous central banks from Continue Reading
