Markets brace for August core PCE data due September 30, forecast at 3.4% year-over-year, above July’s 3.3% and well above the Fed’s 2% target.
Tag: Federal Reserve
Posted inEconomy
US 10-Year Treasury Yield Hits 5.17%, Its Highest Level Since 2007
A blowout US business activity survey and a weak $70 billion auction pushed the 10-year yield to 5.17 percent on September 25, its highest since 2007.
Posted inMarkets
Altera Confidentially Files for IPO That Could Raise More Than $2 Billion
The Silver Lake- and Intel-backed chipmaker filed confidentially for a US listing on September 15, targeting a late-2026 debut that would rank among the largest semiconductor IPOs since Arm’s $5 billion listing in 2023.
Posted inEconomy
Fed Rate Hike Leaves Emerging-Market Central Banks to Choose Between Inflation and Growth
The Federal Reserve’s September hike to 3.75–4 per cent is pressing emerging-market central banks to tighten even as growth slows, with research showing they follow the Fed about 60 per cent of the time.
Posted inMarkets
Stocks and Bonds Rebound as Oil Drops to $102 the Day After the Fed’s First Hike Since 2023
The S&P 500 rose roughly 1% on September 17, Treasury yields retreated from 2007 highs and Brent crude fell to $102 as markets absorbed the Fed’s first rate rise in three years.
Posted inMarkets
Dow Falls 600 Points as Fed Hike and Hawkish Dot Plot Rattle Wall Street
The Dow Jones Industrial Average shed more than 600 points after the Fed’s unanimous rate hike to 3.75%–4%, with the 10-year Treasury yield crossing 5% and Chair Warsh signalling further increases ahead.
Posted inEconomy
Federal Reserve Delivers First Rate Hike in Three Years in Unanimous Vote
The FOMC voted 12-0 to raise the federal funds rate by 25 basis points to 3.75%–4%, the first increase since 2023, as Chair Kevin Warsh warned inflation has been too high for too long.
Posted inEconomy
Federal Reserve Opens Two-Day Meeting With a 25-Point Hike in Reach
Markets price an 83% chance the Fed raises its benchmark rate Wednesday for the first time since 2023, as energy-driven inflation keeps pressure on Chair Kevin Warsh.
Posted inMarkets
Gold Stays Heavy Below $4,401 as Fed Rate Hike Odds Climb to 87%
Spot gold is struggling below $4,401 with key technical support at $4,286, as traders price in an 87% probability of a Federal Reserve quarter-point rate increase at Wednesday’s FOMC meeting.
Posted inEconomy
US Consumer Sentiment Hits Second-Lowest Level on Record Ahead of Fed Decision
The University of Michigan’s September preliminary sentiment index fell to 47.8, the second-lowest reading in over 70 years of data, as year-ahead inflation expectations surged to 4.6%, the highest since June.