ECONOMY & MARKETS

Fed Hawks Signal Downshift In U.S. Rate Hikes After July

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Two of the Federal Reserve's most vocal hawks on Thursday said they would support another 75 basis-point interest rate increase later this month but a downshift to a slower pace afterward, even as both downplayed the risk of higher borrowing costs pushing the U.S into recession.
A view at sunset shows the Eiffel Tower and the financial and business district of La Defense in Puteaux near Paris, France, February 9, 2022.

France Plans 20 Billion Euro Inflation-relief Package

France's minority government unveiled on Thursday a 20 billion euro ($20.35 billion) inflation-relief package that will include fuel discounts, rent caps and a boost to pension benefits, but will need backing from at least some of the opposition to be adopted.
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The signature of the President of the European Central Bank (ECB), Mario Draghi, is seen on the new 50 euro banknote during a presentation by the German Central Bank (Bundesbank) at its headquarters in Frankfurt, Germany, March 16, 2017.

Stocks Climb With Treasury Yields, Sterling Rises

U.S. equities rose with Treasury yields on Thursday as investors bet on economic light at the end of the Federal Reserve's rate hiking tunnel, while oil prices rose on supply concerns and sterling rallied as UK Prime Minister Boris Johnson resigned .
The signature of the President of the European Central Bank (ECB), Mario Draghi, is seen on the new 50 euro banknote during a presentation by the German Central Bank (Bundesbank) at its headquarters in Frankfurt, Germany, March 16, 2017.

Chipmaker Stocks Climb, Sickly Euro Treads Water

Gains in chipmakers lifted stocks to calm investors after hawkish Federal Reserve comments increased the likelihood of a hefty interest rate hike later this month and raised fears over how much this could slow the economy.
The signature of the President of the European Central Bank (ECB), Mario Draghi, is seen on the new 50 euro banknote during a presentation by the German Central Bank (Bundesbank) at its headquarters in Frankfurt, Germany, March 16, 2017.

Stocks In The Doldrums As Euro Founders On Recession Fears

The euro huddled at a two-decade low on Thursday and oil nursed losses as investors fretted about a looming recession, while equities were caught between growth worries and relief that a slowdown might put the brakes on interest rate hikes.
A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011.

Dollar Continues Dream Run, Little Stands In Its Way

The U.S. dollar will remain strong for at least the next three months as it basks in both expectations for aggressive Federal Reserve interest rate rises and safe-haven appeal stemming from global recession fears, a Reuters poll of FX analysts showed.

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