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Markets down on booming economy, 0.5% rate hike possible

James Bullard, President and Chief Executive Officer of the Federal Reserve Bank of St. Louis, speaks in London, UK, Tuesday, October 15, 2019.

Luke McGregor | Bloomberg | Bloomberg | Getty Images

This report is from today’s CNBC Daily Open, our new international market newsletter. CNBC Daily Open provides investors with everything they need to know, wherever they are. like what you see?can subscribe here.

US stocks are frightened by a sustained economic boom and hawkish rhetoric from the Federal Reserve.

What you need to know today

  • US stocks fell on thursday, Microsoft, Disney and Tesla were weighed down. followed by the Asia-Pacific market, price drop on fridayThe Australian S&P/ASX 200 fell 0.81% after the Australian central bank hinted at further rate hikes.
  • The US Producer Price Index, which measures inflation at the wholesale level, 0.7% increase in JanuaryIt was the biggest gain since June and beat economists’ expectations by 0.3 points.
  • Investment bank China Renaissance, which has advised mergers of China’s biggest tech companies, said: Unable to contact CEO Bao FanChinese financial news outlet Caixin said Cong Lin, the former chairman of the bank’s subsidiary, was under investigation.
  • Tesla is 362,758 vehicles recalled Equipped with experimental driving assistance software. The company warned that the software, known as a full self-driving beta, could cause vehicle crashes.
  • Professional Crypto is comeback in 2023According to Bernstein analyst Gautam Chugani, investors may see recent regulatory action in the US less stringent than expected.


Looking at the January numbers, the US economy is running at full capacity. In short, the lowest unemployment rate in 53 years. Personal consumption is recovering despite price hikes. And overnight, we find that the Producer Price Index has risen to its highest level in eight months. means to remain

https://www.cnbc.com/2023/02/17/stock-markets-drop-on-chance-of-0point5percent-interest-rate-hikes.html Markets down on booming economy, 0.5% rate hike possible

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