Wall St rises as investors await Fed's signals from Jackson Hole

Wall Street's main indexes rose in early trading on Thursday, supported by banks and megacap growth stocks, while focus was squarely on Federal Reserve's annual Jackson Hole symposium for clues on the central bank's monetary policy outlook.

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25-08-2022

Wall St ticks up at open with all eyes on Jackson Hole meet

Wall Street's main indexes opened higher on Thursday, supported by megacap growth and technology stocks, while focus turned to the Federal Reserve's annual Jackson Hole symposium for clues on the central bank's monetary policy outlook.

newspaper

25-08-2022

Wall St set to rise at open as investors focus on Jackson Hole meet

(Reuters) -U.S. stock indexes were set to open higher on Thursday, supported by megacap growth stocks and banks, while focus turned to the Federal Reserve's annual Jackson Hole symposium for clues on the central bank's monetary policy outlook.

newspaper

25-08-2022

Futures rise as investors await data, Jackson Hole

U.S. stock index futures rose on Thursday, supported by megacap growth stocks as Treasury bond yields dipped, while focus turned to the Federal Reserve's annual Jackson Hole symposium for clues on the central bank's monetary policy outlook.

newspaper

25-08-2022

BOJ policymaker vows to keep ultra-low rates, dovish guidance

TOKYO (Reuters) -The Bank of Japan must maintain massive monetary stimulus and its dovish policy guidance until wages show clearer signs of increasing, one of its board members said, reinforcing the central bank's outlier status in a global wave of monetary tightening.

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25-08-2022

Fed's Powell leaves kid gloves behind as he saddles up for Jackson Hole

Federal Reserve Chair Jerome Powell's message on inflation and interest rates at this year's Jackson Hole central banking conference in Wyoming will strike a tone entirely different from the soothing one he used at the same event just one year ago https://www.federalreserve.gov/newsevents/speech/powell20210827a.htm.

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25-08-2022

South Korea raises rates, warns inflation fight not over

SEOUL (Reuters) -South Korea's central bank raised its key interest rate by a quarter-percentage point on Thursday and significantly lifted inflation forecasts, signalling more policy tightening, which sent bond yields and the local currency higher.

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25-08-2022

China to promote fiscal, monetary policies to support job stabilisation

BEIJING (Reuters) -China will focus on creating jobs and promote fiscal, monetary and industrial policies to stabilise its labour market, Li Zhong, Vice Minister of the Ministry of Human Resources and Social Security, said on Thursday.

newspaper

25-08-2022

BOJ policymaker vows to keep ultra-low rates, warns of economic risks

TOKYO (Reuters) -The Bank of Japan must maintain massive stimulus to support an economy facing a resurgence in COVID-19 infections and slowing global demand, one of its board member said, reinforcing the BOJ's outlier status in a global wave of monetary tightening.

newspaper

25-08-2022