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Fed Holds But Signals Hawkish Path Ahead, Treasury Yields Rise: The Week In The Markets
2023 Sep 22, 4:06pm | 1351The Federal Open Market Committee meeting dominated the markets this week, with the Fed deciding to leave rates unchanged at 5.25%-5.5%, as widely expected. Dot Plot Indicates 1 More Rate Hike, Fewer Cuts in 2024: The median preference for the projected fed funds rate at the end of 2023 held...
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US Stocks Rise As Tech Rebounds On Lower Treasury Yields, UAW Strikes Widen: What's Driving Markets Friday?
2023 Sep 22, 1:23pm | 883Wall Street is in the green on Friday, showing gains across major U.S. equity indices following significant losses on Thursday. Notably, the technology sector is leading the way, capitalizing on a retreat in Treasury yields. This positive momentum is occurring despite hawkish comments from Federal...
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Analysis Of XAU/USD Today: Tug-Of-War Between Bulls And Bears
2023 Sep 22, 12:25pm | 329By RoboForex Analytical Department Market participants continue to assess the US Federal Reserve's decision regarding the interest rate and the subsequent comment by Federal Reserve Chairman Jerome Powell. His remarks about the probable rise in the key rate by the end of this year have...
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No Relief: Early Rally Seen Unconvincing as Stocks on Pace for Worst Week Since March, D.C. Shutdown Fears Grow
2023 Sep 22, 12:19pm | 1968(Friday market open) Bearish sentiment already prowled Wall Street thanks to skyrocketing Treasury yields, a hawkish Federal Reserve, 10-month highs in crude oil, a firm dollar, and the autoworkers’ strike, so growing fear of a government shutdown is arguably the last thing investors need....
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Bill Ackman Stays Short On Bonds, Expects 30-Year Yields To Spike As The World Is Now 'A Structurally Different Place'
2023 Sep 22, 5:59am | 726Bond yields have been surging of late amid expectations that the Federal Reserve will continue to raise interest rates in the wake of stubbornly elevated inflation and strong economic data. Hedge fund manager Bill Ackman weighed in on surging Treasury yields in a post on X. What Happened: Ackman,...
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Golden Expectations - Analyzing the Rise And Fall In Gold Price Following Crucial Federal Reserve Meeting
2023 Sep 21, 12:48pm | 433The Federal Reserve has paused further interest rate increases to prioritize economic stability The announcement from the Federal Reserve induced volatility in the gold market, with gold prices experiencing a downturn. Despite the market’s prevailing uncertainty, gold has demonstrated...
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Stocks on Pace to Retest Summer's Lows as Investors Digest Fed's "Higher for Longer" Message
2023 Sep 21, 11:08am | 2063(Thursday market open) Treasury yields soared to new 16-year highs and the dollar posted fresh gains early Thursday, adding to pressure on stocks following the Federal Reserve’s “hawkish pause.” “Higher for longer” was what many investors anticipated—and what...
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House Financial Services Committee Debates, Passes CBDC Anti-Surveillance State Act
2023 Sep 21, 10:50am | 827During the deliberation of the CBDC Anti-Surveillance State Act (H.R. 5403) in the US House of Representatives Financial Services Committee on September 20. The bill sought to address the critical issues surrounding central bank digital currencies (CBDCs), such as the privacy of...
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The New Dot Plot Hits The Stock Market - Here Is What You Need To Know, A Shocker In New Data
2023 Sep 21, 10:21am | 1581To gain an edge, this is what you need to know today. Dot Plot Please click here for the Fed’s new dot plot. Note the following: We previously shared with you that the most important information ahead was the new dot plot. That call has proven spot on. The new dot plot...
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S&P 500, Nasdaq Set To Open Lower As Tech, Small-Caps Shudder On High Bond Yields: Analyst Sees Triple Whammy For Corporate Profits
2023 Sep 21, 6:57am | 1340An in-line Federal Reserve decision failed to boost market sentiment, leading to negative signals in index futures on Thursday. Small-cap and tech stocks faced particular weakness, exacerbated by the 10-year Treasury note yield reaching a fresh 16-year high, which could diminish risk appetite,...
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Investor Optimism Falls After Fed Keeps Rates Steady
2023 Sep 21, 3:19am | 374The CNN Money Fear and Greed index showed a slight decline in overall sentiment among U.S. investors on Wednesday. U.S. stocks closed lower on Wednesday after the Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range at its September meeting. However, Fed Chair Jerome...
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Republicans Push To Halt CBDC, Democrats Warn Of US Falling Behind
2023 Sep 20, 5:24pm | 621The U.S. House of Representatives is set to deliberate on a new crypto bill after it received the green light from a committee on Wednesday. This move signified a step forward for the digital assets legislative process in Congress. The bill, championed by Republicans in the House...
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Fed's Hawkish Shift? 3 Economists On Interest Rate Hold, New Projections For 2024
2023 Sep 20, 5:10pm | 837The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range at its September meeting in a unanimous move. The September dot plot reveals the median preference for the fed funds rate at the close of 2023 remains unwavering at 5.6%. This figure mirrors projections made back...
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Nasdaq 100 Dips To September Lows, US Yields Rise To July 2006 Peak As Fed Delivers Hawkish Hold
2023 Sep 20, 4:25pm | 711The tech-heavy Nasdaq 100 index plunged to late August lows after the Federal Reserve decided to keep rates steady at 5.25%-5.5% but indicated the possibility of a further rate hike by the close of 2023 and removing a series of anticipated rate cuts (50 basis points) for 2024. Many analysts...
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Weekly Points – 5 Things To Know In Investing This Week
2023 Sep 20, 4:18pm | 1526The Un-Disinflation Issue Lots of interesting news this week where we address these important questions: With the CPI rising again, is disinflation dead for now? With the PPI above expectations, is disinflation dead for now? Is the Fed responsible for our “terrible” economy? Have...