U.S. stocks opened lower Thursday, extending losses after the Federal Reserve’s jumbo interest rate hike as investors weigh labor-market data. The Dow Jones Industrial Average DJIA, -0.40% was down 0.8% Read more
Tag: rate
Gold, silver slide as dollar rises in wake of Fed’s 4th jumbo interest rate hike
Gold prices tumbled on Thursday, reversing a modest gain from the prior session, after the Federal Reserve delivered its fourth 75 basis point interest rate hike since the start of Read more
Bank of England interest rate hike is biggest in three decades, but dovish commentary hits the pound
The Bank of England made its largest interest-rate increase in three decades in response to inflation that the central bank still expects to accelerate. By a 7-to-2 vote, the U.K. Read more
Oil slumps as fears rise Fed rate hikes will crimp crude demand, dollar jumps
Oil fell Thursday, losing ground on fears aggressive tightening by the Federal Reserve will tip the economy into recession, while the U.S. dollar rose sharply. Price action West Texas Intermediate Read more
Norway Central Bank Lifts Rate to 2.50% From 2.25%; Sees Next Hike in December
By Dominic Chopping Norway’s central bank raised its key policy rate to 2.50% from 2.25% on Thursday, and said it will most likely raise the rate further in December. A Read more
5 things we learned from Jerome Powell’s ‘whipsaw’ press conference
No one was surprised Wednesday when the Fed lifted its benchmark interest rate by 0.75 percentage points for the fourth consecutive policy meeting, raising the fed funds rate to a Read more
How the latest Fed rate increase could (or should) curb your holiday spending
It is three weeks before Black Friday, but the Federal Reserve is about to make the post-holiday debt hangover a little more intense. By the time the latest rate hikes Read more
What’s next for markets after Fed’s 4th straight jumbo rate hike
What’s next for markets now that the Federal Reserve has delivered its fourth and possibly final jumbo rate increase of 75 basis points? Well, a lot, actually. A sometimes tumultuous Read more
Bitcoin outperforms Nasdaq after Fed posts another big interest rate increase
Bitcoin outperformed major U.S. stock indexes on Wednesday, though both assets slid after the Federal Reserve raised its benchmark interest rate by 0.75 percentage point, as expected, while investors and Read more
LIVE: Federal Reserve unleashes another big rate hike but hints at a pullback
The Federal Reserve pumped up its benchmark interest rate by three-quarters of a point for a fourth straight time. #pullback #federalreserve #ratehike