A look at the day ahead in European and global markets from Ankur Banerjee
to deliver 50 basis point interest rate hikes and chart their path in the fight against irrepressible inflation even as their economies teeter towards recession.after delivering four consecutive 75 bps hikes, but signalled more increases in borrowing costs by the end of 2023.
"I wish there were a completely painless way to restore price stability," Fed Chair Jerome Powell said. "There isn't, and this is the best we can do." Asian stocks slid, while the dollar swayed and U.S. Treasuries remained supported. With a looming recession on investors' minds there is a hint of scepticism on whether the Fed will follow through on rate hikes in the face of slowing growth. At about 4.9%, markets price a lower peak in the funds rate than the 5.1% median projection from Fed officials.
And so the focus switches to the BoE and ECB and what the central banks outline on Thursday. Norges Bank and the are also expected to hike rates, with economists forecasting a 25 bp hike in Norway and a 50 bp hike in Switzerland.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Morning Bid: Under arrestA look at the day ahead in European and global markets from Anshuman Daga
Weiterlesen »
Morning Bid: Jockeying for positionA look at the day ahead in U.S. and global markets from Mike Dolan.
Weiterlesen »
Morning bid: It's Fed D-DayA look at the day ahead in Asian markets from Jamie McGeever.
Weiterlesen »
Morning Bid: MessiA look at the day ahead in European and global markets from Tom Westbrook
Weiterlesen »
Morning bid: 'Substantially more evidence'A look at the day ahead in Asian markets from Jamie McGeever.
Weiterlesen »