A lackluster downward market didn't need those comments. "Dimon's comments definitely didn't help. "There's nothing specific in Brainard's comments that makes you say the Fed is changing its policy but there's at least some signs that the Fed is not proceeding blindly on a rate hiking restrictive path," said Steve Sosnick, chief strategist at Interactive Brokers in Greenwich, Connecticut. monetary policy had begun to be felt in an economy that may be slowing faster than expected, but that the full interest rate increases would not be apparent for months. Then Fed Vice Chair Lael Brainard said tighter U.S. JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon told CNBC the United States and the global economy could tip into a recession by mid-2023. investors, anxious about rising interest rates and signs of economic weakness, were also cautious ahead of inflation data due out Thursday and the start of the third-quarter earnings season on Friday. President Vladimir Putin said he had ordered "massive" long range strikes after an attack on the bridge linking Russia to the annexed Crimean peninsula over the weekend, and threatened more strikes in future if Ukraine hits Russian territory. Weighing on investors was also a Russian missile attack on Ukraine that killed civilians and knocked out power and heat in cites across the country. bond markets were closed for a federal holiday. Oil futures sold off and Wall Street's stock indexes were volatile, while U.S. NEW YORK/LONDON, Oct 10 (Reuters) - The MSCI global index of stocks (.MIWD00000PUS) lost ground in a volatile session on Monday while the dollar gained slightly as investors braced for high inflation data and the start of corporate earnings season.
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