Page 39 - Omc News Today

A stronger USD would imply higher global inflation exported by the US, lower global trade, cry for reverse FX wars, and pressure on equities and emerging markets assets, Emkay Global Financial Services said

Some economists argue supply chain issues and outsized demand are cooling, so there's no need for the Fed to risk a recession to lower prices.

The central bank raised its benchmark interest rate by another 0.75 percentage points on Wednesday, marking the third consecutive hike of that size.

The Fed is poised to keep raising interest rates well into 2023. "Times are going to get tougher from here," strategist Seema Shah said.

"You'd be waiting to see the Fed pivot and then I think you're going to see a big, big rally in crypto," Mike Novogratz told CNBC.

"They're going to push until something breaks," Minerd told CNBC, with investors long risk assets in focus. "Eventually, this will end in tears."

Stocks in Asia plummeted on Wednesday, mirroring falls registered in the U.S., Europe and the UK overnight.

Stocks in Asia plummeted on Wednesday, mirroring falls registered in the U.S., Europe and the UK overnight.

Stocks have struggled since Fed Chair Jerome Powell delivered his anti-inflation speech at Jackson Hole, driving down "Fed pivot" expectations.

Domestic gold too traded weak on Monday