Asia-Pacific markets to rise after U.S. sees gains on optimism led by regional banks
5 Hours Agomay hike interest rates by 25 basis points when it meets this week, despite the banking crisis, but "that would be a mistake," said MKM Partners' chief economist, Michael Darda.
"A backward looking monetary policy will put us into perpetual boom and bust cycles and we are moving into the bust phase now," Darda said in an interview with CNBC's "However, looking forward will take a leap of faith and the Fed doesn't want to do that, he said. "While the bond market is increasingly betting on a pause in rate hikes, the equity market is expecting a 25-basis point hike," the chief of investment research said. "If the Fed pauses its tightening, we expect panicked reactions by equity and bond investors."
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Global banking turbulence prompts Wall Street banks to trim hawkish Fed betsGoldman Sachs is expecting a pause this week from the U.S. Federal Reserve after a year-long rate increase campaign as Wall Street banks scale back their hawkish expectations in the aftermath of the ongoing global banking turmoil.
Leer más »
Top Wall Street analysts pick these five stocks for the long termTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including BJ's & CrowdStrike
Leer más »
Wall Street strengthens after big bank deal, regulator movesNEW YORK (AP) — Most of Wall Street is rising Monday after regulators pushed together two huge banks over the weekend and made other moves to build confidence in the struggling industry. The S&P 500 was 0.5% higher in morning trading.
Leer más »
Dow jumps 350 points after bank deals calm Wall Street jittersTraders have raised bets of the Fed likely hitting a pause on rate hikes on Wednesday to ensure financial stability.
Leer más »
Taiwan calls on Britain to support its bid for Pacific trade pactTaiwan President Tsai Ing-wen on Monday called on Britain to support its bid to join a major pan-Pacific free trade pact which London has also applied to enter.
Leer más »
Japan plans $75 bln investment across Indo-Pacific to counter ChinaJapan's Prime Minister Fumio Kishida on Monday announced a new plan to promote an open and free Indo-Pacific, promising billions of dollars in investment to help economies across the region in everything from industry to disaster prevention.
Leer más »