Stocks and US equity futures rallied Wednesday as a batch of resilient company earnings helped alleviate some of the wider caution in markets ahead of a pivotal Federal Reserve monetary-policy meeting.
Stocks and US equity futures rallied Wednesday as a batch of resilient company earnings helped alleviate some of the wider caution in markets ahead of a pivotal Federal Reserve monetary-policy meeting.
Italian bonds fell after S&P Global Ratings lowered the nation’s outlook to stable from positive. The dollar and Treasury yields slipped, while oil and European natural gas prices extended gains. The projected 75 basis-point Fed move to tackle price pressures would cement the steepest two-month rise in rates since the 1980s. The key question is whether Chair Jerome Powell’s policy signals validate or refute scaled-back bets projecting a 3.4 per cent peak fed funds rate around year-end and cuts in 2023 to shore up an economy at risk of recession.
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