Briefly about main thing in world-part 3
2022.12.14 00:56
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Briefly about main thing in world-part 3
Budrigannews.com – A one of a kind presentation from captain Lionel Messi removed the World Cup semi from Croatia and booked Argentina a spot in the last.
In the markets, Federal Reserve Chair Jerome Powell is now the one who can stop stocks from rallying into the end of a difficult year.
Money Road dealers gave their all the previous evening to stick the plug back in the champagne after a reassuring U.S. expansion print, pulling back bigger additions to leave the up 0.7%, in the desire for delaying festivities until after the Fed.
After four increases of 75 basis points in a row, the pace of price increases is expected to slow down as a result of the cooling. A 50 basis point increase is already in place.
The “dot plot” projections for where interest rates are likely to go in the coming months and Powell’s remarks remain the focus.
More Second home sales to fall in US-NAR
Investors might be alarmed by indications of divergence in the forecasts if it gives the impression that the Fed is becoming more difficult to predict. Powell is also likely to try to strike a tone that gives plenty of flexibility to be reactive into 2023.
However, the relief could be palpable if he adheres to his November plan, which did not contain much opposition to a bond rally that lasted for weeks and its assumption that a peak in U.S. rates is near.
Things were cautious in Asia, where MSCI’s broadest gauge of regional stocks outside of Japan rose 1% because investors are also undecided about whether or not to chase further gains in China’s chaotic reopening.
The dollar dillydallied off its post-CPI lows, sitting tight for Powell.
US implied interest rates, also known as “SOFR.”
Important developments that could have an impact on the markets on Wednesday:
Producer prices, industrial output in the Eurozone, and the decision of the Federal Reserve regarding the rate
