Morning Bid: Hawkish Powell keeps markets on defense
A look at the day ahead in Asian markets from Alden Bentley, Breaking News Editor for Finance & Markets, Americas.
Source: reuters.com
/cloudfront-us-east-2.images.arcpublishing.com/reuters/OEOVI45CLNPTXDKCAHKA4H32JY.jpg)
Page 17 - Frx News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Frx. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Frx Today - Breaking & Trending Today
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZJLLZ72DSRM4ZPTQSCPLILNDDM.jpg)
Fed, ECB may slash bank reserves by 90% in new era of high rates - paper
The Federal Reserve and the European Central Bank may mop up as much as 90% of the money they pumped into banks over the last decade now that high inflation and interest rates make that extra liquidity unnecessary, a paper by a Fed economist showed on Thursday.
Source: reuters.com
/cloudfront-us-east-2.images.arcpublishing.com/reuters/2ONSHZQAYNIJVAL2KGSY3N7KZM.jpg)
Dollar weakens as Powell's testimony offers little surprise; sterling steady
The dollar languished near a one-month low against a basket of currencies on Thursday, after Federal Reserve Chair Jerome Powell stuck to his usual messaging at his semi-annual testimony, offering little room for surprise.
Source: reuters.com
Rate hikes echo around the world as inflation proves unrelenting
US Federal Reserve’s signal for more hikes is echoed by BOE, SNB, Norges Bank, while economic growth set to be taxed by further monetary tightening
Source: timeslive.co.za
/cloudfront-us-east-2.images.arcpublishing.com/reuters/6FY2EIAR5RK77OBSS4C5RCO5XY.jpg)
Morning Bid: Another round of rate hikes, macro data on tap
A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent.
Source: reuters.com