61.05 F
May 16, 2022
Image default

U.S. stocks bounce, investors digest news of 2022 rate hikes

Published by

By Koh Gui Qing NEW YORK (Reuters) -U.S. stocks bounced and Treasury yields retreated on Tuesday in choppy trade as investors absorbed remarks from the Federal Reserve that interest rates are likely to rise this year, as expected. In comments to U.S. lawmakers, Federal Reserve Chairman Jerome Powell said he expected the Fed would raise rates and end its asset purchases this year, but that the central bank had made no decision about the timing for tightening monetary policy. “Inflation is running very far above target. The economy no longer needs or wants the very accommodative policies we have…

Read More

Related posts

Delta variant, shortages severely restrict U.S. economic growth in third quarter


Uber sees $1.8 bn loss as pandemic stalls revenue


Spotify – Podcasts Pad Revenue Despite Cancel Calls


Comcast’s third-quarter profit doubled thanks to Tokyo Olympics and theme parks


U.S. oil dips below $100 a barrel on economic worries, strong dollar


Trump order targets Chinese internet giants TikTok, WeChat


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: