Stock market news live updates: Stock futures extend declines after Fed outlook signals rate hikes -
Jun 16, 2021 1 min, 52 secs
Stock futures opened lower Wednesday evening as investors contemplated the Federal Reserve's latest monetary policy decision and updated projections, which signaled a quicker path to higher interest rates than previously anticipated.

Each of the three major stock indexes ended Wednesday's session lower after the Fed's new projections pointed to two rate hikes by year-end 2023.

Federal Open Market Committee members also upgraded their forecasts for economic growth and inflation, affirming market participants' concerns over sustainably higher prices.

"There was a more hawkish tone from the Federal Reserve, mostly coming from the Committee but [Fed Chair Jerome] Powell also offered an upbeat assessment of the economy with small steps toward the exit," Michelle Meyer, Bank of America U.S.

Economist, said in a note Wednesday.

Powell said during his press conference Wednesday that the economy ultimately remained "a ways off" from reaching "substantial further progress" toward the Fed's goal of maximum employment that would signal a start to tapering. .

"Even with the eventual tapering of asset purchases, and subsequent moderate increase in interest rates, we think it’s clear that the backdrop for the economy will generate significant employment improvement," Rick Rieder, BlackRock's chief investment officer of global fixed income, said in an email. .

Stocks traded mixed Wednesday morning as investors looked ahead to a key monetary policy decision from the Federal Reserve.

Coming out of these corrections, it is common to see another leg higher in the market, and there are three historical precedents that demonstrate that.

The Federal Reserve announced Wednesday that it was keeping interest rates near zero for now but indicated that it may raise rates sooner than previously expected in response to strong growth and rising inflationary pressures.

“Progress on vaccinations has reduced the spread of COVID-19 in the United States,” the Federal Open Market Committee said in a statement.

Solid Power is the second solid-state battery startup to come to the stock market.

In a press release announcing the move, management said that the "goal of the split is to make The Trade Desk stock more accessible to our employees and a broader base of investors." Since The Trade Desk debuted on Sept

1. Scientists discover 15,000-year-old viruses frozen in glacier ice - CNET
Jul 22, 2021 # science 36 secs
2. Nobody Beat the Biz - Slate
Jul 20, 2021 # entertainment 2 mins, 29 secs
3. Researchers say the probability of living past 110 is on the rise — here's what you can do to get there - CNBC
Jul 17, 2021 # health 36 secs
4. Astronomers identify curious occurrence of star-like objects on old photographic plate - THE WEEK
Jul 17, 2021 # science 33 secs
5. California recall enters final phase with little excitement, drama - Los Angeles Times
Jul 18, 2021 # politics 3 mins, 51 secs
6. Google gives Pixel 4 XL an extra year of free repairs for power issues - The Verge
Jul 21, 2021 # technology 14 secs
7. Lance Bass reveals he's been 'kept away' from Britney Spears - Daily Mail
Jul 23, 2021 # entertainment 56 secs
8. After capturing first photo of a black hole, Event Horizon Telescope zooms in on a second - CNET
Jul 20, 2021 # science 1 min, 8 secs
9. Sydney's crafty cockatoos master suburban bin diving | Australia News - Al Jazeera English
Jul 23, 2021 # politics 39 secs
10. COVID-19 testing at Barnett Park closes after reaching capacity - WESH 2 Orlando
Jul 20, 2021 # health 22 secs
11. Kelly Ripa Gives Husband Mark Consuelos an Eyeful in Cheeky Instagram Post: 'The End Is in Sight' - Yahoo Entertainment
Jul 20, 2021 # entertainment 35 secs
12. U.S. life expectancy took "catastrophic" hit last year, biggest since WWII
Jul 21, 2021 # breaking 56 secs
13. Pinkerton: What the Tech Tycoon Space Race Means for the Rest of Us
Jul 17, 2021 # breaking 4 mins, 5 secs
14. A leaked script from the Sex And The City reboot hints at a Carrie and Mr. Big divorce - The A.V. Club
Jul 20, 2021 # entertainment 31 secs
15. War Thunder player posts classified document to prove tank is inaccurate - Rock Paper Shotgun
Jul 17, 2021 # technology 18 secs
16. Asteroid 3 times the size of Taj Mahal to fly past Earth on Saturday -
Jul 23, 2021 # science 44 secs


Get monthly updates and free resources.


© Copyright 2021 365NEWSX - All RIGHTS RESERVED