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Battered bulls hope Fed pain in rearview mirror after Powell maps out hikes | Hellenic Shipping News Worldwide

Federal Reserve Chair Jerome Powell gave investors a glimmer of hope that the central bank is unlikely to become more hawkish in coming months, though few see reason for long-term optimism in the face of soaring inflation and fears of slowing growth. The Fed delivered an expected 50 basis point interest rate increase on Wednesday, ...
Jerome Powell Brian Daingerfield Ryan Detrick Eddy Vataru Leslie Adler Megan Davies

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Dollar firms as Fed members talk of tightening

Euro falls back after failing to clear resistance NZ dollar holds gains as market wagers on Aug rate hike SYDNEY, Aug 5 (Reuters) - The dollar was poised to push higher on Thursday as hawkish comments from the U.S. Federal Reserve led markets to bring forward the likely timing of a policy tightening there, while action in Europe and Japan remain distant prospects. The euro was down at $1.1837 , having recoiled from a top of $1.1899 overnight and marking another failure to crack resistance aroun...
New Zealand New South Wales Richard Clarida Sam Holmes Brian Daingerfield Wayne Cole

Higher commodity prices and vaccines to buoy EMFX vs. U.S. yields: Reuters poll

4 Min Read JOHANNESBURG (Reuters) - Emerging market currencies will find support from higher commodity prices and domestic vaccination rollouts this year, despite turbulence in U.S. Treasury yields that could diminish their appeal, a Reuters poll found. FILE PHOTO: Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration Just last week Treasury yields in the United States rose again as traders and investors inferred the Federa...
South Africa United States Brian Daingerfield Hari Kishan Khushboo Mittal Vivek Mishra

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