your password has been reset successfully, Please login again.

Jerome Powell Statement Swung Shares The Lowest In January

Federal Reserve’s decision to not change the interest rate, has badly impacted the market.
BY BEx Bureau
BusinessEx
Jan 31, 2019

In the years first conference meeting, Jerome Powell, Chairman of Federal Reserve shook the industrialists and shareholders by his decision to counter the bad effects of US shutdown.

The conference was held to inform variance in Feds interest-rate and therein, the Federal Reserve said that it will be patient on future interest rate hikes. (Source: Reuters)

Powells words raise ambiguity regarding the interest rate-increment in 2019. The interest has spiked almost five times since 2015. In essence, the Federal Reserve weighed risk on the global market owing to 35 days long shutdown and considerately decided to tighten financial conditions. Thus, immediately after Powells statement, the stocks slid down to the lowest rate since January 15.

Shorter maturities led gains, steepening the yield curve. The spread between five- to 30-year yields expanded to 57 basis points, the widest since February, before trading at 54 basis points in Asian trading. (Source: Bloomberg)

The move has resulted in waning prospects of any hike in the current year, FY19. Ed Al-Hussainy, a senior interest-rate strategist at Columbia Threadneedle, said that the market is very aggressively discounting any positive outcomes this year in areas such as domestic growth, trade and the global economy. (Source: Bloomberg)



Please add your Comment
SIMILAR News
November 18, 2019
As per the deal, Centrum MicroCredit will procure entire portfolio of the acquiring firm, Altura and ...More
By Jaspreet Kaur
November 16, 2019
Other investors who have partaken in the funding round are Nexus, BNK Ventures, Capria Fund, and Wil ...More
By Jaspreet Kaur
November 15, 2019
The funding round has been collectively run by Shunwei Capital and Accel India. ...More
By Jaspreet Kaur
November 15, 2019
Norwest Venture Partners, which has previously infused in Spotify and Uber, has lately closed a larg ...More
By Jaspreet Kaur
November 14, 2019
The move alludes to Tencent’s strategy as it is increasing its bets on the Internet firms in the Sou ...More
By Jaspreet Kaur
November 13, 2019
Sanaka Capital, a private equity company buoyed up by Shankar Narayanan, has signed its first deal ...More
By Jaspreet Kaur
November 13, 2019
The telecom firm, R-com’s valuation has surged by over 50 per cent from INR 6,000 crore that was dem ...More
By Jaspreet Kaur
November 12, 2019
The company will employ the funds for expanding its business across India by doubling down its bed c ...More
By Jaspreet Kaur
November 12, 2019
According to the company’s filing, Kalanick has sold over 20 million shares, worth approximately $54 ...More
By Jaspreet Kaur
November 11, 2019
It will use the funds for enhancing its technological infrastructure by increasing the performance o ...More
By Jaspreet Kaur
November 11, 2019
Vadodara-headquartered, All That Dips Pvt. Ltd has received an undisclosed sum of money for its pre- ...More
By Jaspreet Kaur
November 08, 2019
Raymond asserts to have one of the biggest exclusive retail nexus in the nation with more than 1,500 ...More
By Jaspreet Kaur