Asia stocks set for best week of 2023, dollar reels on dovish Fed bets
Money market traders still expect the Fed to raise rates by 25 basis points on July 26, but they have reduced the chances of another this year .
"We're probably closer to the end of the cycle," he said, although he added that above-target inflation is still expected to persist in the longer term. Another factor cited by UBP's Villamin for the equity market rally has been a swell of liquidity from the Federal Reserve system.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks around 2023 highs as disinflation signal brings some reliefGlobal stocks traded around their highs for the year on Thursday as investors bet that the Federal Reserve was finally taming inflation and could end its rate hiking cycle as soon as this month.
Read more »
Nigeria: Forbes 2023 Index - Dangote Still Africa's Richest Man for 12th Consecutive YearNearly half the planet's billionaires are poorer than they were a year ago. A total of 254 people have lost their billionaire status altogether yet others recorded gains.
Read more »
2023 Soweto Marathon ready with sponsor, broadcaster and reduced feesThe 2023 Soweto Marathon will take place with a new sponsor, a broadcaster and lower entry fees on November 5, organisers announced on Wednesday, saying they were targeting 50,000 entrants.
Read more »
OFFICIAL: FC Barcelona confirm new signing | KickOffFC Barcelona have confirmed yet another new signing ahead of the 2023/24 season. Read more ▶️
Read more »
2023/24 DStv Premiership Fixtures Revealed | Soccer LadumaThe first round of DStv Premiership matches will see defending champions Mamelodi Sundowns visiting Sekhukhune United, and you can find out the rest of the fixtures right here. SLSiya Read more:
Read more »
Xerox named leader in Quocirca's 2023 print security report - TechCentralPromoted | Xerox has announced it has been named a leader in Quocirca’s 2023 Print Security Market Landscape Report.
Read more »