Repo rate hike | Decision hints at further tightening as inflation risks rise
Rate hike hints at further tightening as inflation risks rise
Daily Forex News & Market Updates
Stay informed with FXGlory’s daily forex news and latest currency market updates. Follow important developments affecting the US dollar, euro, British pound, Japanese yen, and other major currencies, including central bank decisions, interest-rate expectations, inflation data, employment reports, and geopolitical events.
Our forex market news feed brings together current developments that may influence currency prices and trader sentiment. Check the latest forex updates throughout the trading day and follow important economic and financial news affecting the global forex market.
AP Business SummaryBrief at 4:27 p.m. EDT
Wall Street retreats from its record as stocks fall worldwide
Micron’s $600 Million Patent Deal Stole The Show On A Down Day
While Fed minutes pointed to another possible hike by year-end, Micron climbed nearly 4% after agreeing to license Netlist’s patents for five years.
Apple’s $634M Patent Loss Just Got $184 Million More Expensive
Apple's $634M patent loss to Masimo now totals over $818M after a federal judge added $184M in interest charges. Read More...
Bitcoin ETF Giant IBIT Reaches $67B in Assets While Remittix Targets the Next Wave of Crypto Buyers
Bitcoin ETF giant IBIT reported about $67.6 billion in net assets as of October 2, illustrating how far brokerage access to BTC has expanded. That total represents...
Another Fed rate hike likely coming this year to combat persistent inflation
The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months.
Bond Yields Kept Climbing And Fed Minutes Showed Another Rate Hike This Year. Stocks Dropped.
"Most participants assessed that another increase in the target range for the federal funds rate would likely be appropriate by year end," reads a passage of the...
Stocks Fall as Treasury Yields Hit New Highs: Stock Market Today
Bond yields notched their highest levels since 2002 Wednesday, while Webull, Caterpillar and Deere were hit with regulatory headwinds.
US stocks: US market ends lower, off record highs, as Treasury yields climb
The recent trading session on Wall Street saw a decline as US Treasury yields surged, sparking fears over inflation and the escalating debt crisis. This drop...
Wall Street ends lower, off record highs, as Treasury yields climb
Wall Street closed lower on Wednesday, as long-dated US Treasury yields resumed their climb, reviving fears about inflation and mounting debt the day after the S&P...
Fed Officials Expect to Hike Rates Again Before the Year Ends. Odds of it Happening in October Remain Low.
Chances that the central bank will keep rates unchanged later this month remain above 80%.