2022 is shaping up as a historic year for markets. But while the S&P 500 is headed for its worst first half since 1970, the dollar appreciated during the first six months of 2022 by the largest margin in history, according to some measures. The Federal Reserve’s decision to raise interest rates by 75 basis…
US stocks rose, but were off session highs on Wednesday, as investors debated whether the Federal Reserve would later deliver the largest interest rate hike since 1994. What’s happening The Dow Jones Industrial Average DJIA, + 0.63% was up 136 points, or 0.5%, at 30,504, after rising 397 points at its session high. The S&P…
Read More “Dow trims nearly 400-point gain as Fed weighs biggest rate hike since 1994” »
Fresh moves by the European Central Bank to fight widening bond spreads may need to suffice for now, even if analysts and markets were hoping for something more substantial from a surprise meeting on Wednesday. In a statement, the ECB said it would use authority under an existing program to help tighten widening spreads among…
Read More “Surprise ECB meeting yields commitment to fight widening bond spreads” »
Americans hoping to take advantage of the greenback’s historic strength with a vacation abroad should consider booking sooner rather than later. After a stunning rally over the past year, the dollar’s stint at multi-decade highs may finally have come to an end. That is, if a handful of Wall Street strategists are to be believed….
Read More “Wall Street has an expiration date for the dollar’s epic rally” »
