Topline
The stock market rose slightly on Thursday even as recession fears continued and investors assessed comments from Federal Reserve Chair Jerome Powell, who pledged that the central bank is “strongly committed” to bringing down inflation with rate hikes for the foreseeable future.
Fed officials are warning that they won’t pause or reverse rate hikes anytime soon.
Alex Brandon/Associated Press
ការពិតសំខាន់
Dow Jones Industrial Average បានកើនឡើង 0.4% លើសពី 100 ពិន្ទុ ខណៈដែល S&P 500 បានកើនឡើង 0.4% និង Nasdaq Composite បច្ចេកវិទ្យា 0.4% ។
Stocks initially opened lower following a big rate hike from the European Central Bank, which raised interest rates by 75 basis points in an attempt to combat high inflation in the Eurozone.
Markets at first continued to fall after Powell said at a សំណួរនិងចម្លើយវគ្គ with the Cato Institute that the Fed will continue to aggressively raise rates until inflation comes down meaningfully, though stocks turned positive shortly after his comments.
“History cautions strongly against prematurely loosening policy,” Powell said, adding he and his colleagues are “strongly committed” to bringing down consumer prices and “will keep at it until the job is done.”
His remarks come ahead of the Fed’s next policy meeting later this month, where traders are widely expecting the central bank to raise rates by 75 basis points for a third consecutive time, following similar hikes in June and July.
Weekly jobless claims, meanwhile, hit their lowest level since May in a sign that the labor market remains strong, adding to a recent batch of solid economic data which has led investors to bet on the Federal Reserve hiking interest rates more aggressively and for a longer period of time.
អត្ថបទដកស្រង់
Powell and other Fed officials have repeatedly “seemed to imply that progress toward taming inflation has not been as uniform or as rapid as they would like,” according to a note from Goldman Sachs analysts on Thursday. Amid all the hawkish commentary from the central bank, Goldman now predicts that the Fed will raise rates by 75 basis points later this month, by 50 basis points in November and another 25 basis points in December.
សាវតាសំខាន់
Stocks are struggling to hold onto recent gains after markets solidly rebounded on Wednesday, posting their best day in almost a month as the Dow and S&P 500 gained 1.4% and 1.8%, respectively. Still, stocks are looking to avoid a fourth straight week of losses, on a downward trend since last month as the summer rally from the market’s low point in June now looks to have completely fizzled out. Investors have grown increasingly concerned about a potential recession as the Fed continues to aggressively hike rates and tighten monetary policy. In his most previous public remarks at the Fed’s annual Jackson Hole symposium in late August, Powell បាននិយាយថា: the central bank will not “stop or pause” raising interest rates until inflation comes back down fully.
អំណានបន្ថែម:
Dow ធ្លាក់ចុះជិត 200 ពិន្ទុ ខណៈដែលអ្នកវិនិយោគ 'អាប់អួរ' ទទួលបានអត្រាការប្រាក់ខ្ពស់ (ទស្សនាវដ្តី Forbes)
តម្លៃប្រេងបានឡើងដល់កម្រិតទាបក្នុងរយៈពេលប្រាំពីរខែ ខណៈការភ័យខ្លាចនៃវិបត្តិសេដ្ឋកិច្ចមានទម្ងន់លើតម្រូវការ (ទស្សនាវដ្តី Forbes)
Dow ធ្លាក់ចុះជាង 300 ពិន្ទុ បើទោះបីជាមានរបាយការណ៍ការងាររឹងមាំក៏ដោយ ភាគហ៊ុនបានធ្លាក់ចុះសប្តាហ៍ទីបីជាប់ៗគ្នា (ទស្សនាវដ្តី Forbes)
ការប្រមូលផ្តុំរដូវក្តៅរបស់ផ្សារហ៊ុនបានបញ្ចប់ហើយ វិនិយោគិនគួរតែរៀបចំសម្រាប់ខែកញ្ញាដ៏លំបាកមួយ។ (ទស្សនាវដ្តី Forbes)
Source: https://www.forbes.com/sites/sergeiklebnikov/2022/09/08/stocks-rally-even-after-powell-reiterates-that-fed-will-keep-raising-rates/