Fed's planned 50bp hike risks continuation of bond, stock bloodbath
Add BT as a preferred source
LIKE a reluctant sheriff in a Western belatedly challenging the baddies to a gunfight, United States Federal Reserve Chairman Jerome Powell has set global markets up for a bloodbath with his sudden resolve to attack inflation.
Bullets are likely to fly around stock and bond markets as the Fed looks set to make its most aggressive rate move in two decades on Wednesday.
The Fed has already signalled that it’s ready to shoot with both barrels: Powell and other officials have hinted they will boost rates by a super-sized half-a-percentage-point at the Federal Open Market Committee meeting.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
From post-war hardships to ‘era of national rise’: Vietnam’s family firms face first succession test
‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
