Category: Macro
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Economic News: US-Japan Trade Agreement, UK Food Inflation High, Fed to Raise Rates
European-Asian Stocks Soar European and Asian stocks gained momentum, and the dollar weakened as concerns over widespread banking turmoil eased. France, Spain, and Italy experienced the most significant gains in Europe, while Hong Kong, Japan, and South Korea saw increases in Asian shares. Futures for the US market showed slight gains. Netanyahu Delays Proposal Binyamin…
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Economic News: Protests Erupt in Israel, IMF Warns of Banking Turmoil, German Economy Expectations Improve
Stock Futures Rise US and European stock futures rose while an Asian shares benchmark fluctuated in cautious trading, as investors weighed the risk of recession and its impact on interest rates. The Euro Stoxx 50 and the S&P 500 both advanced, while an Asian gauge swung between gains and losses. China Petroleum & Chemical Corp.…
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Fed Raises target rate by 25bps to 4.75-5%
On March 22, the Federal Reserve hiked its benchmark interest rate by another 25 basis points. You can follow the historical rate on Investors Hub. The Federal Reserve uses a benchmark interest rate called the Federal Funds Rate, which is the interest rate at which banks lend money to each other overnight. When the Federal…