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Asian stocks jump after Powell hints at rate hike slowdown

Channel News Asia LogoChannel News Asia2 mo ago

Asian stocks jump after Powell hints at rate hike slowdown - Channel News Asia

Quick Summary:

SINGAPORE : Asian equities jumped on Thursday, while the dollar slid as investors poured into risky assets after Federal Reserve Chair Jerome Powell opened the door to a slowdown in the pace of monetary tightening.

Powell's comments at the Brookings Institution in Washington sent Wall Street equities soaring, while the U.S.dollar and Treasury yields fell.

Markets are currently pricing in a 91 per cent probability that the Fed will increase rates by 50 basis points on Dec.14, and see a 9 per cent chance of another 75 basis point hike.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-01 @ 10:33:59 (2 months ago)

News Timezone: GMT +8:00

Ranking: #2063 (out of 6356 stories this day)

News Source URL: channelnewsasia.com

Language: English

Article Length: 668 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 2070761

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 33 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

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The story "Asian stocks jump after Powell hints at rate hike slowdown" was covered 2 months ago by Channel News Asia, a news publisher based in Singapore.

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Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news.

The outlet is headquartered in Singapore and publishes an average of 33 news stories per day.

It's most recent story was published 2 hours ago.

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  • News ID: #2070761
  • URL: https://beamstart.com/news/asian-stocks-jump-after-powell-16698625973783

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