Published 2 years ago

Asian markets rise after Powell downplays bigger rate hike by Fed

Summary by Ground News

London and Frankfurt open higher on first trading day since Fed chair Jerome Powell's comments. Shanghai and Sydney advanced while Hong Kong ended lower. Markets in Japan and South Korea were closed for holidays. Wall Street futures were lower a day after the benchmark S&P 500 gained 3% for its biggest one-day increase in two years.

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CTV News

Asia stocks rise after Fed chair downplays bigger rate hike

Asian stock markets followed Wall Street higher on Thursday after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the U.S. central bank's biggest increase in two decades.

2 years ago·Canada

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Associated Press News

Stocks slump 3% as worries grow over higher interest rates

NEW YORK (AP) — A sharp sell-off left the Dow Jones Industrial Average more than 1,000 points lower Thursday, wiping out the gains from Wall Street's biggest rally in two years, as worries grow that the higher interest rates the Federal Reserve is using in its fight against inflation will derail the economy.

2 years ago·United States

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abc News

Asian stocks follow Wall St down as rate hike worries grow

Asian stocks have followed Wall Street lower as fears spread that U.S. interest rate hikes to fight inflation might stall economic growth

2 years ago·United States

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CBS News

Stocks soar to biggest gain in 2 years after Fed downplays higher rate increase

Investors cheered after Federal chair Jerome Powell says central bank is "not actively considering" bigger rate hikes.

2 years ago

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KVIA

Asian stocks rise after Fed chair downplays bigger rate hike

By JOE McDONALD AP Business WriterBEIJING (AP) — Asian stock markets have followed Wall Street higher after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the U.S. central bank’s biggest increase in two decades. Shanghai, Hong Kong and Sydney advanced. Markets in Japan and South Korea were closed for holidays. Wall Street’s benchmark S&P 500 index climbed 3% for its best day in two years after the Fed raise…

2 years ago·Panama City, United States

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Los Angeles Times

Markets cheer after Powell downplays even larger rate hikes

The Dow Jones industrial average surged more than 900 points and the Standard & Poor's 500 index had its biggest gain in two years Wednesday after Federal Reserve Chair Jerome H. Powell downplayed the likelihood of an even larger interest rate hike after announcing the sharpest rate increase since…

2 years ago·Los Angeles, United States

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