ECONOMY & MARKETS

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An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013.

Traders Bet Fed To Go Bigger, But Mester Says Not So Fast

With expectations for a half-percentage point rate hike at the Federal Reserve's May meeting now locked in, traders on Friday piled into bets that the central bank will go even bigger in subsequent months, but one Fed policymaker pushed back, saying a more "methodical" approach was appropriate even in the face of too-high inflation.
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Japan's Nikkei index and various countries' stock market index prices outside a brokerage in Tokyo, Japan, February 22, 2022.

Stocks Sold As Hikes Loom, Lockdowns Drag Down Yuan

Asian shares wobbled on Friday and the Chinese yuan slid as investors fretted about an increasingly aggressive rate-hike outlook for the United States, and the fallout for the global economy from lockdowns in China.

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