Fed Chairman Ball.

(Reuters)

Powell: It's too early to think about slowing rate hikes

[Compile Lu Yongshan/Comprehensive Report] The US Federal Reserve (Fed) announced a three-yard rate hike (0.75 percentage points) after its meeting on Wednesday, and has raised interest rates by three yards for four consecutive times, in line with market expectations.

But Fed Chairman Powell said it was too early to talk about a pause in rate hikes, although the Fed would consider slowing rate hikes in December, with the latest data showing stubborn inflation that could end rates higher than originally expected.

After Ball's hawkish speech, U.S. stocks turned from red to black on Wednesday, with the four major indexes all falling by more than one.

5%, U.S. stocks continued to fall at the open on Thursday.

Asian stocks were mostly lower on Thursday, while Taiwan stocks fell ○.

Nine percent of Hong Kong's Hang Seng Index fell three.

1%, the Hang Seng China Enterprises Index fell three.

five%.

Please read on...

The post-meeting statement of the Federal Open Market Committee (FOMC), which is responsible for interest rate decision-making, hinted that the pace of interest rate hikes may slow, and has assessed the impact of multiple rate hikes this year on the economy. Because it takes time for monetary policy to work, U.S. stocks turned from black to red.

However, Powell's remarks at the subsequent press conference disappointed investors who expected the Fed's policy to turn. U.S. stocks turned down, and the Dow Jones Industrial Average closed down one.

Six percent, the S&P 500 closed down two.

Five percent, the Nasdaq closed down three.

Four percent, the Philadelphia Semiconductor Index closed down three.

one%.

The challenge for Powell is how to signal to the market that the Fed will slow rate hikes without convincing the market that the Fed is close to ending its tightening, by announcing that the final rate will be higher than the 4.4% rate he said in September.

6%, but will use a slower rate of interest rate hikes to approach the end rate and successfully achieve the above target.

Analyst: The market is concerned about when the terminal interest rate will arrive

Analysts pointed out that the market focus has shifted from the size of the Fed's next rate hike to when the target rate will be reached and how long it will remain there.

"It was the single most important thing that came out after the whole meeting, and I don't need to know anything else," said Eril Weisman, chief economist at MFS Investment Management.

US stocks fell after the opening bell on Thursday, the three major European stock indexes also fell, and the US dollar index rose by one.

five%.

U.S. 10-year Treasury yields rose.

One to three percent to four.

191%, U.S. two-year Treasury yields, which are linked to short-term interest rates, rose sharply.

158 percent to four.

728%, the interest rate difference between the two amounts to 0.

537 percentage points, the "inversion of the yield curve" has reached the highest level in more than 20 years.

The Hong Kong Monetary Authority followed up on the Fed on Thursday to raise interest rates by three yards to four.

Twenty-five percent; the Bank of England also raised interest rates three yards to three percent, the most in 33 years, but tempered expectations for further aggressive rate hikes as Britain faces a long and painful recession.

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