Monthly Archives: March 2023
Equities Markets Slide as Banking Sector Concern Still Intact.
Written on March 24, 2023 at 6:23 am, by 王建军
Wall Street was hindered by the banking sector and slumped after investors digested the comment from Janet Yellen, U.S. Treasury Secretary on Wednesday’s hearing. However, Yellen attempted to alleviate market concerns during a subsequent hearing on Thursday, promising that policymakers would take further action to safeguard bank deposits if necessary. Meanwhile, Japan’s inflation data indicatesContinue Reading
Fed Takes Risk With Rate Hike Amid Banking Crisis
Written on March 23, 2023 at 7:21 am, by 王建军
Investors hoping for a pause in rate hikes were disappointed as the U.S. Federal Reserve pushed ahead with a quarter-point hike at its interest rate decision on Wednesday. While way lower than 2022’s mega-hikes of 50 to 75 bps and in line with economist expectations, March’s 25-point hike is a calculated risk amid what isContinue Reading
Fed is not Pausing Rate Hike
Written on March 23, 2023 at 6:09 am, by 王建军
Jerome Powell delivered a smaller size of rate hike of 25 bps which is in line with the market consensus; however, the market was hit by double assail with U.S. major indexes dropping by more than 1% and the dollar traded below $103. Firstly, Powell revealed that the Fed considered pausing the rate hike butContinue Reading
