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Money

How do interest rates impact Wall Street?

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2 years ago

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Following a recent speech by the Federal Reserve Chair Jerome Powell about this exact same subject, here’s what happened

After Powell mentioned that the U.S. economy will maintain tight monetary policies to bring inflation under control, an index of global stock markets fell.

But at the same time, short-term U.S. Treasury yields went on the increase.

Powell’s words also impacted the dollar positively but the value of gold dropped.

So what do tight monetary policies actually entail?

According to Reuters “Powell said that it will include slower growth, a weaker job market and “some pain” for households and businesses”.

And further continued “Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions.”

The Federal reserve will have a policy meeting in late September, and many are curious whether any changes will be discussed. However Powell didn’t mention it.

Many experts do believe that the interest rate hikes will continue.

Following this speech, much of Wall Streets indexes fell including Tech stocks.

U.S stocks plunged by 3% after Powell remained firm on rate rises.

And he said the Central bank ‘must keep at it until the job is done’ in relation to inflation.

Only time will tell, how this will impact the markets in the long term.

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What to expect for IPO markets

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22 hours ago

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September 13, 2024

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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Money

ASX positioned for strong start after positive stock rebound

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4 days ago

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September 10, 2024

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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4 days ago

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September 9, 2024

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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