LONDON—Oil slipped on Thursday as an increase to U.S. interest rates pushed up the dollar and heightened fears of a global recession that would crimp fuel demand, though losses were capped by concern over tight supply. Brent crude dropped by $1.19, or 1.2 percent, to $94.97 a barrel by 1135 GMT while U.S. West Texas…
Oil Falls as Fed Rate Hike Raises Fuel Demand Concerns
November 3, 2022
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US Futures Retreat as Fed Digs in for Inflation Fight
November 3, 2022
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Wall Street is heading lower ahead of Thursday’s opening bell after the Federal Reserve added another jumbo rate increase and suggested that the pace of rate hikes may slow, but the fight against inflation is far from over. Futures for Wall Street’s benchmark S&P 500 index fell 0.8 percent and futures for the Dow Jones…
Stocks Fall After Fed Says Rates May Rise More Than Expected
Stocks fell sharply after Federal Reserve Chair Jerome Powell signaled that interest rates may need to go even higher than previously thought in order to tame the worst inflation in decades. The Fed raised its benchmark rate by three-quarters of a percentage point Wednesday, its fourth consecutive hike of that magnitude and its sixth this year. Markets…
Wall Street Opens Lower With Focus on Fed Rate Decision
Wall Street’s main indexes opened lower on Wednesday, ahead of an interest rate decision by the Federal Reserve, as a jump in private payrolls fueled fears that the central bank would not temper its aggressive stance on future rate hikes. The Dow Jones Industrial Average fell 76.92 points, or 0.24 percent, at the open to…
Oil Prices Slip Ahead of Fed, US Crude Stockpiles Seen Falling
November 2, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices slipped on Wednesday ahead of an expected rate hike by the Federal Reserve, but found a floor as market participants eyed falling U.S. crude stockpiles and upcoming European sanctions on Russian barrels. Brent crude dipped 56 cents, or 0.6 percent, to $94.09 a barrel by 1027 GMT, while U.S. West Texas Intermediate (WTI)…
Dollar Falls as Fed Decision Looms, Yen and Real Gain
LONDON/TOKYO—The dollar slipped on Wednesday as investors awaited a Federal Reserve policy decision amid speculation it might indicate a slowdown in future rate hikes. The central bank will release its policy statement at 2 p.m. EDT (1800 GMT), with investors widely expecting a 75 basis points (bps) rate hike, the fourth such increase in a…
Caution Creeps Into World Stocks as Fed Gets Ready to Hike Big Again
November 2, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—European shares dipped and U.S. stock futures were mixed on Wednesday as a note of caution crept into world stock markets as the U.S. Federal Reserve looked set to deliver its fourth, 75 basis points interest rate increase. Another aggressive rate hike to contain hot inflation when the Fed concludes its two-day meeting later is…
Stocks End Lower as Hot Jobs Data Signals Aggressive Fed
Stocks on Wall Street gave up early gains and closed lower Tuesday after an unexpectedly strong report on the job market raised concerns that the Federal Reserve will need to keep the pressure on inflation with aggressive interest rate increases. The S&P 500 fell 0.4 percent after having been up as much as 1 percent…
Wall Street Opens Higher on Hopes of Slowing Rate Hikes
Wall Street’s main indexes opened higher on Tuesday, with Nasdaq in the lead, as investors hoped the U.S. Federal Reserve may tone down its aggressive approach on interest rate hikes. The Dow Jones Industrial Average rose 129.84 points, or 0.40 percent, at the open to 32,862.79. The S&P 500 opened higher by 29.81 points, or…
Dollar Drops as Optimism Spreads Before Fed and BoE Decisions
TOKYO/LONDON—The U.S. dollar sank from a one-week high against a basket of major peers on Tuesday as the mood in financial markets brightened ahead of key Federal Reserve and Bank of England (BoE) meetings this week. The Fed is widely expected to raise its benchmark rate by 75 basis points (bps) on Wednesday, its fourth…
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