The Fed keeps rates, markets celebrate

Of course, the material facts between the two Fed meetings were markedly different. The Fed, as expected, left interest rates unchanged this time, compared with a 75-basis-point hike last year. But the circumstances surrounding the Fed’s decision are different too. Recession fears gripped investors last year. Today, the Fed’s upgrading its assessment of the U.S. … Read more

Gold prices rise on bets of no more Fed rate hikes, but gains limited– Gold prices rose on Thursday, encouraged by a weaker dollar and Treasury yields after the Federal Reserve struck a less hawkish tone than expected, although gains in the yellow metal were limited by increased risk appetite., as widely expected, on Wednesday. But comments from Fed Chair Jerome Powell saw markets pricing in a diminished … Read more

Asian stocks rise as tech rallies on easing Fed fears; China lags– Most Asian stocks rose on Thursday, buoyed by a rally in the technology sector as somewhat middling comments from the Federal Reserve spurred bets that the central bank was done with its run of interest rate hikes. But Chinese stocks saw little gains, as a string of weak economic readings from the country kept … Read more

Hong Kong central bank leaves interest rate unchanged, tracking Fed move

© Reuters. FILE PHOTO: A taxi drives in front of skyscrapers at the central business district, including AIA Central, China Construction Bank (CCB) Tower, Bank of China Tower, Cheung Kong Centre, HSBC and Standard Chartered Bank headquarters, in Hong Kong, China Aug HONG KONG (Reuters) – The Hong Kong Monetary Authority (HKMA) on Thursday left … Read more

Stock futures are little changed as attention turns from Fed to latest earnings reports: Live updates

Stock futures are near flat Wednesday night as investors shifted focus from the Federal Reserve’s policy decision to the latest batch of corporate earnings reports.and the subsequent press conference with Jerome Powell, the central bank’s chair. Powell said he would not rule out a rate increase at the December meeting, leaving market participants unsure of … Read more

The Fed holds interest rates steady for second time

Economists and financial markets had expected the pause in the Fed’s aggressive rate-hiking campaign, after several Fed officials signaled they anticipate a further slowing of the US economy as it continues to absorb the effects of higher borrowing costs. The Fed’s post-meeting statement noted that “economic activity expanded at a strong pace in the third … Read more

Fed day is here. Here are important technical levels to watch for stocks, bonds, and VIX

Investors should watch for a few important technical price chart price levels for stocks and bonds, as the Federal Reserve’s interest rates decision due at 2 pm Eastern on Wednesday and Fed chair Jerome Powell’s press conference starting at 2:30 pm, could potentially trigger some volatility in financial markets. If the index sees several closes … Read more

Oil bounces ahead of Fed meeting while traders monitor Israel-Hamas war developments

Oil futures rose Wednesday morning, as traders await a Federal Reserve policy decision as they continue to monitor developments around the Israel-Hamas war. Investors were also awaiting the latest round of official U.S. petroleum inventory figures due later in the morning. Price action Market drivers WTI futures based on the front-month contract finished Tuesday at … Read more

Treasury refunding, Fed decision to shape pivotal session

U.S. stock futures started November on the back foot as investors awaited the latest Fed interest rate decision and comments. The Treasury’s quarterly refunding statement, which details how the government plans to fund its borrowing needs, will be revealed at 8:30 a.m. Eastern. “Normally this doesn’t get too much attention but given the massive runup … Read more