Housing market chill bites into Fed mortgage bond exit

The Federal Reserve triggered a modest interest rate hike on Wednesday, while hinting that it may soon ease its fight against inflation, even before it barely dented its pile of mortgage bonds. . “We have no incentive and no intention to overtighten,” Fed Chairman Jerome Powell said. said in his press conference after the decision … Read more

Wall Street analysts bullish on META, NVDA and FSLR

Here are Thursday’s most important calls on Wall Street: JMP downgrades Peloton to market performance from outperformance JMP downgraded the stock primarily on valuation. “We are downgrading our rating on Peloton shares from Market Outperform to Market Perform as Peloton hit our previous price target of $16 while we leave our estimates for fiscal 2024 … Read more

Bank of England raises rates by 50bps and now sees a ‘much shallower’ recession than expected

A walkway near the Bank of England (BOE) in the City of London, UK, on ​​Thursday March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The bank of england On Thursday, it raised interest rates by 50 basis points and recalled some of its previous bleak economic forecasts. The monetary policy committee … Read more

This trader made two major market calls in 2022. She says investors are “paid to wait” and should therefore avoid stocks for 2023.

Ahead of major tech earnings, Meta results set to illuminate Nasdaq Composite COMP for Thursday. The S&P 500 SPX also points to gains as investors take a half-full view of the Fed meeting. The founder of LaDucTrading.com, Samantha LaDuc. “The market is not expecting a higher terminal rate, slower growth, or recession. One or more … Read more

Deutsche Bank smashes fourth-quarter profit forecast as rising interest rates bolster revenue

A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany September 30, 2016. Kai Pfaffenbach | Reuters German Bank Thursday reported its 10th consecutive quarter of earnings, supported by higher interest rates and favorable market conditions. Deutsche Bank announced net profit attributable to shareholders of 1.8 billion euros ($1.98 billion) … Read more

Oil giant announces record annual profits

Shell said last month that windfall taxes imposed by the European Union and the United Kingdom following the profit hike would cost the group around $2 billion. Paul Ellis | AFP | Getty Images British oil giant Shell on Thursday posted its highest annual profit on record, buoyed by soaring fossil fuel prices and robust … Read more

Biden’s IRA left Europe blind. And playing catch-up could lead to 2 big mistakes

US President Joe Biden and European Commission President Ursula von der Leyen. Bloomberg | Bloomberg | Getty Images The European Union is working against the clock to create an agenda to compete with the president Joe Bidenunprecedented climate subsidies. But he will face two key problems in the process. The EU had long asked the … Read more

Asia-Pacific markets trade mixed as investors digest Fed’s smallest quarter-point hike

Adani Enterprises withdraws follow-on public offering overnight Investors will be watching shares of Adani Group companies closely after Adani companies pulled out its $2.5 billion follow-on public offering overnight, although the sale was fully subscribed, which many saw as a vote of confidence from investors. The company cited “the unprecedented situation and current market volatility” … Read more