Asian shares staged a cautious bounce on Wednesday with hopes a global banking crisis would be averted vying with uncertainty over the outlook for U.S. interest rates as the Federal Reserve holds a high-stakes meeting on policy.
The still brittle mood was evident in the latest BofA survey of global fund managers which found pessimism near its worst in the past 20 years amid fears of financial risk and a flight from bank stocks.
"The historical record suggests that the FOMC tends to avoid tightening monetary policy in times of financial stress and prefers to wait until the extent of the problem becomes clear, unless it is confident that other policy tools will successfully contain financial stability risks," notes Goldman.and flag a rise of 25 basis points in part because postponing a move until May would threaten the Fed's inflation-fighting credibility.
How Fed Chair Jerome Powell navigates all this in his 1830 GMT news conference could well determine the course of markets for the rest of the week. That jump helped lift the euro to a five-week high of $1.0789 overnight, and it was last holding firm at $1.0770.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
EUR/USD to rally if the Fed blinks on Wednesday – ScotiabankEUR/USD is starting the week on a firm note. Economists at Scotiabank expect the pair to rise if the Fed blinks at its Wednesday's monearty policy dec
Leer más »
Asian stocks rise as investors await Fed decisionAsian stock markets followed Wall Street higher on Tuesday ahead of a Federal Reserve decision on another possible interest rate hike amid worries about...
Leer más »
What Wednesday's Fed interest rate decision means for cryptoHere's what Wednesday's Fed interest rate decision means for crypto, and why the dot plot is so important.
Leer más »
Asia markets set to rise as investors await Fed's key rate hike decisionAsian markets rise as banking stocks in the U.S. extend a rally and ahead of the Fed's rate hike decision
Leer más »
Asia shares hope for best as Fed decides on ratesAsian shares staged a cautious bounce on Wednesday with hopes a global banking crisis would be averted vying with uncertainty over the outlook for U.S. interest rates as the Federal Reserve holds a high-stakes meeting on policy.
Leer más »
US Sen Scott pushes for new Fed inspector general, slams Fed over bank regulationRepublican U.S. Senator Rick Scott said on Monday he will introduce legislation to create an independent inspector general to oversee the Federal Reserve, as he called the U.S. central bank 'unable or unwilling to properly regulate' banks in a letter to Fed Chair Jerome Powell.
Leer más »