EUR/USD 1.16950
-0.214%
Gold 4620.07
-1.317%
Oil 96.984
2.173%
USD/JPY 159.658
0.152%
GBP/USD 1.35026
-0.225%
GBP/JPY 215.581
-0.073%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
April 28th - The Yangtze River Delta Railways 2026 May Day holiday transport season will officially begin on April 29th, lasting eight days from April 29th to May 6th. During this period, the Yangtze River Delta Railway expects to transport 31.8 million passengers, averaging 3.975 million passengers per day, a 5% increase year-on-year, setting a new record for daily passenger volume during the May Day holiday.The press conference by Bank of Japan Governor Kazuo Ueda has concluded.Bank of Japan Governor Kazuo Ueda: Interest rate hike decisions and quantitative tightening adjustments will be separate.Shen Zhulin, Vice Chairman of the National Development and Reform Commission, stated at a State Council policy briefing on the 28th that the next step for producer services is to support higher-end Chinese manufacturing with stronger Chinese services. He emphasized the need to vigorously cultivate leading industrial design enterprises and create a number of high-level industrial design platforms with Chinese characteristics and international standards.On April 28th, Yuxuan Tang of JPMorgan Private Bank stated that the Bank of Japans decision to maintain interest rates in its first formal response following the Middle East wars and the recent weakening of the yen, while a 6-3 vote suggests a higher probability of a rate hike as early as June, is largely priced in. The market is currently betting on approximately two rate hikes in the remainder of 2026. "We believe the threshold for the Bank of Japan to significantly exceed this level is high," she said. Japan is walking a tightrope of stagflation: high energy prices and a relatively low energy self-sufficiency rate compared to other major economies make it more vulnerable to external shocks. High-cost subsidy programs and other fiscal measures are expected to put pressure on public finances. Against this backdrop, the Bank of Japan may need to maintain a relatively accommodative policy stance to cushion demand losses.

S&P 500, NASDAQ Composite Finish Higher Despite Rate Hike Expectations

Jimmy Khan

Dec 26, 2022 16:24

微信截图_20221226161340.png


Despite a jump in Treasury yields and economic data that indicated consumer inflation was falling but not quickly enough for the Fed to halt its intentions to keep increasing interest rates, the benchmark S&P 500 Index and the tech-heavy NASDAQ Composite finished higher on Friday.


Numerous studies from the Commerce Department and the University of Michigan revealed that although consumer spending, which makes up roughly 70% of the U.S. economy, is slowing down, inflation also seems to be.


Coming home sales registered a surprise boost, and consumer confidence rose more than anticipated, despite the Fed's expectation to hike rates throughout the new year and the widespread forecast of a recession in 2023 among experts.


The S&P 500 Index ended the day on Friday at 3844.82, up 22.43 or +0.59%. The Dow Jones Industrial Average closed at 33203.93, up 175.44 or +0.53%, while the NASDAQ Composite ended at 10497.86, up 21.74 or +0.21%.

Suggestion