Highlights

  • US markets end sharply higher, despite 50 bps rate hike
  • Fed chair rules out 75 bps rate hike

Latest news

China using factories in USA to spy? $2.6 million land deal near Air Force drone base sparks worry

China using factories in USA to spy? $2.6 million land deal near Air Force drone base sparks worry

Taliban founder Mullah Umar's car dug up after 21 years. See pictures

Taliban founder Mullah Umar's car dug up after 21 years. See pictures

Father-daughter duo fly in the same formation, a first in Indian Air Force history

Father-daughter duo fly in the same formation, a first in Indian Air Force history

SportShala: Top 5 reasons why India lost the Edgbaston Test vs England

SportShala: Top 5 reasons why India lost the Edgbaston Test vs England

India vs England: Fourth innings blues haunt Indian bowlers yet again

India vs England: Fourth innings blues haunt Indian bowlers yet again

Fed hikes rates by 50 bps, US markets see massive rally on Fed Chair commentary

Dow rallies 900 points as investors bet the Fed can slow inflation

The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by a sizable half-percentage point.

The half-point hike in the Fed's key rate — its largest since 2000 — raised it to a range of 0.75% to 1%, the highest point since the pandemic struck two years ago.

The Fed will likely follow Wednesday's move with the fastest pace of hikes in 30 years.

The Fed also announced Wednesday that it will start reducing its huge $9 trillion balance sheet, which consists mainly of Treasury and mortgage bonds. Reducing the Fed's holdings will have the effect of further raising loan costs throughout the economy.

Read/Watch Also: RBI rate hike and the big shocker

Up Next

Fed hikes rates by 50 bps, US markets see massive rally on Fed Chair commentary

Fed hikes rates by 50 bps, US markets see massive rally on Fed Chair commentary

Top 5 'fat-finger' trades that rocked global markets

Top 5 'fat-finger' trades that rocked global markets

Explained: What is a fat finger trade and how it can make you lose crores!

Explained: What is a fat finger trade and how it can make you lose crores!

SDF Explained: It matters for your savings and FD rates

SDF Explained: It matters for your savings and FD rates

Business Briefs: Maruti's Brezza launch to hot news in a cup from Reliance

Business Briefs: Maruti's Brezza launch to hot news in a cup from Reliance

US markets see sharp cuts, bear market loses its bounce

US markets see sharp cuts, bear market loses its bounce

More videos

Market moves & cues: Trading day ahead

Market moves & cues: Trading day ahead

Explained: Falling global markets and what is the new 'GST' fear

Explained: Falling global markets and what is the new 'GST' fear

US markets collapse, Dow sinks 700 points to year low

US markets collapse, Dow sinks 700 points to year low

Watch Fed Chief Powell get quizzed! Can rate hikes really reduce inflation?

Watch Fed Chief Powell get quizzed! Can rate hikes really reduce inflation?

What the Fed! US Markets rebound despite massive rate hike weak growth outlook

What the Fed! US Markets rebound despite massive rate hike weak growth outlook

Fed decision day: Here is what to expect from the Federal Reserve Chair Powell

Fed decision day: Here is what to expect from the Federal Reserve Chair Powell

Market carnage: US markets in a free fall as Fed begins 2-day meet

Market carnage: US markets in a free fall as Fed begins 2-day meet

Currency collapse: Rupee sinks to record low, Yen slumps to 28-year low

Currency collapse: Rupee sinks to record low, Yen slumps to 28-year low

Explained: Recession risks and why should we care about an inverted yield curve

Explained: Recession risks and why should we care about an inverted yield curve

Markets crash: Prices, Putin and Pandemic - the 3 pronged pain for stocks

Markets crash: Prices, Putin and Pandemic - the 3 pronged pain for stocks

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.