24.96 F
March 20, 2023
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

Central Bank Digital Currencies: the Road to the New World Economy


Uber sees $1.8 bn loss as pandemic stalls revenue


U.S. accuses couple of laundering $4.5 billion in bitcoin tied to 2016 hack


N. American trade pact takes effect in pandemic-ravaged world


White House channels infrastructure funds to snarled ports


UK suffers record recession on virus fallout


Leave a Reply

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

%d bloggers like this: