Source: Federal Reserve The Federal Reserve on Wednesday hiked its key policy rate by half a percentage point, with Federal Chairman Jerome Powell hinting at more hikes moving forward. QQQ is down 3.11%, while SPY is down 2.13%. The latest increase will bring the federal funds rate between 0.75% to 1% and the current market pricing rate between 2.75% to 3%.Powell said … [Read more...] about Fed Raises Rates, Hints at More Tightening
Monetary Policy
Fed’s Rate Tightening to Bring About ‘Very Volatile Markets,’ Jamie Dimon Says
Source: FT The tightening of monetary policy in the United States could bring about “very volatile markets,” according to JPMorgan Chief Executive Jamie Dimon. QQQ is up 1.69% Dimon in a letter to investors said he did not envy the Federal Reserve given the measures it would have to take, as inflation continues to mark historic highs.Dimon believes that measures that the … [Read more...] about Fed’s Rate Tightening to Bring About ‘Very Volatile Markets,’ Jamie Dimon Says
China Commits Strong Monetary Policy Support to Prop Up Economy
Source: Bloomberg The Chinese cabinet has vowed stronger monetary policy support in a bid to continue the stable expansion of credit as the country seeks to support the economy moving forward. MCHI is down 4.32%. The cabinet said it will keep policies that boost the economy and keep away from measures that will dampen market sentiment.Officials noted the need to observe … [Read more...] about China Commits Strong Monetary Policy Support to Prop Up Economy
