LONDON/WASHINGTON—U.S. stocks continued their downward trend on Tuesday, opening sharply lower as safe havens gained ground amid investor nerves about tensions between Russia and the West and the prospect of the U.S. Federal Reserve tightening monetary policy soon. All three major U.S. indices opened trading down at least 1 percent, resuming a sharp selloff that…
Dollar Rises on Ukraine Crisis as Investors Await Fed Meeting
The dollar rose to a two-week peak on Tuesday as tensions between Russia and the West over Ukraine drew investors to safe-haven currencies while awaiting the outcome of this week’s U.S. Federal Reserve policy meeting. Russia said it was watching with great concern after the United States put 8,500 troops on alert to deploy to…
World Shares Mixed Ahead of Fed Meeting
TOKYO—European stocks opened higher Tuesday after a day of steep losses in Asia as markets waited to hear from Federal Reserve chair Jerome Powell after a two-day policy meeting that ends Wednesday. The possibility of conflict between Russia and Ukraine and concern over coronavirus outbreaks also were adding to uncertainties. France’s CAC 40 edged up…
World Shares Mostly Lower Ahead of Federal Reserve Meeting
BANGKOK—Shares were mostly lower in Europe and Asia on Monday after Wall Street logged its worst week since the pandemic began in 2020. Shares fell in Paris, London, and Frankfurt but rose in Tokyo. Shanghai was little changed. Investors have been growing increasingly worried about how aggressively the Federal Reserve, which holds a policy meeting…
Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation
WASHINGTON—U.S. Treasury Secretary Janet Yellen said on Thursday she was confident the Federal Reserve and the Biden administration would take steps needed to bring down inflation over the course of 2022, provided the COVID-19 pandemic is brought under control. “Inflation rose by more than most economists, including me, expected and of course it’s our responsibility…
World Stocks Retreat as Inflation Augurs Fed Rate Hikes
BANGKOK—Shares were mostly lower in Asia on Thursday after the latest report of surging prices in the U.S. appeared to keep the Federal Reserve on track to raise interest rates in the coming months. London, Paris, Tokyo, and Shanghai were lower while Sydney and Hong Kong advanced. Surging coronavirus cases have been raising uncertainty about…
Omicron and the Economy: Financial Markets Far Less Worried Than Canadian Provinces
The difference in reactions to Omicron has been stark between Canada’s provincial governments and governments in other countries. The financial markets have also tended to be far more sanguine.
Omicron and the Economy: Provinces’ Significant Concerns Not Reflected in Financial Markets
The difference in reactions to Omicron has been stark between Canada’s provincial governments and governments in other countries. The financial markets have also tended to be far more sanguine.
Fed’s Mester Would Back March Rate Hike to Fight Inflation
The Federal Reserve may need to raise interest rates at least three times this year and begin running down its balance sheet to respond to a tight labor market and inflation that is persistently high and more broad-based, Cleveland Fed President Loretta Mester said on Tuesday. “If the economy in March looks like it does…
Stocks Rebound as Traders Buy Back in Before Fed Testimony
LONDON—Global stocks recovered some of their recent losses on Tuesday and government bond yields retreated as investors bought back into riskier assets ahead of the appearance of U.S. Federal Reserve Chair Jerome Powell before the Senate Banking Committee. Investors hope Powell will provide more clues to the timing of expected policy tightening when he appears…
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