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…
Following a week of historic rate hikes and aggressive moves by the Federal Reserve and other major central banks, the Bank of Japan has hardly ever seemed more like a rebel standing athwart the consensus. And after its two-day policy meeting Friday, the BOJ, as expected, left interest rates at ultraloose levels, despite a plunging…
Read More “Here’s what’s at stake for markets as Bank of Japan sticks to its dovish path” »
US stocks tumbled late Thursday to close sharply lower, with the Nasdaq skidding 2.8%, as jittery investors looked ahead to a reading on May inflation due Friday morning. What happened The Dow Jones Industrial Average DJIA, -1.94% tumbled 638.11 points or 1.9%, to close at 32,272.79 The S&P 500 SPX, -2.38% skidded 97.95 points, or…
