Hong Kong stocks soared on Thursday with the benchmark Hang Seng opening 2.47% higher following Federal Reserve Chair Jerome Powell's speech that indicated the central bank may slow the pace of rate hikes as soon as December.
Major Wall Street indices soared on Wednesday after Federal Reserve Chair Jerome Powell said the central bank may slow the pace of rate hikes as soon as December while also observing there is a long way to go in bringing down inflation. 1. Tesla Inc: The EV-maker is looking forward to ramp-up its Model Y production output from Gigafactory Texas in the first quarter of 2023, reported Electrek.
Bitcoin was spiking up over 3.8% higher on Wednesday, crossing above the $17,000 mark after Fed Chair Jerome Powell began to speak at the Brookings Institution. Powell suggested the central bank could begin easing back on its interest rate hikes starting as early as next month, causing the S&P 500 to jump about 2.8%. Bitcoin and Ethereum spiked in tandem.
Ethereum was trading over 4% higher on Wednesday heading into Fed Chair Jerome Powell's Brookings Institution speech. After Powell suggested the central bank could begin easing back on its interest rate hikes starting as early as next month, the S&P 500 jumped about 2% and Ethereum began to climb higher in unison, to trade up over 6% from Tuesday's 24-hour closing price.
As the Federal Reserve continues to grapple with historically high inflation, new data shows that wage growth may finally be headed lower after accelerating for nearly two years. What Happened: New data from employment platform?Indeed's economic research lab shows that wages appear to be slowing down.?The?trajectory of wages is critical for policymakers amid the?ongoing battle with inflation.
US stocks closed mostly lower on Tuesday with markets awaiting guidance on the Federal Reserve's rate increase strategy. US oil futures closed higher in the prior session on hopes that China would loosen its strict covid-19 restrictions that had raised concerns over the worldwide economic growth.
The National Bank of Ukraine is in talks with bank representatives, non-banking financial organizations, and the cryptocurrency market about plans for an electronic version of the hryvnia, Ukraine's legal currency. According to an official statement, the NBU aims to create an electronic hryvnia that could be used for a variety of purposes, including the issuance and exchange of virtual assets.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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