17 min listen
SQUAWK BOX, THURSDAY 16TH JUNE, 2022
ratings:
Length:
26 minutes
Released:
Jun 16, 2022
Format:
Podcast episode
Description
The Federal Reserve hikes interest rates by a historical 75 bps in what is its most aggressive move since 1994. Chairman Jerome Powell has suggested that July’s FOMC meeting could result in a similar move should rampant inflation show no signs of abating. The markets react immediately, with the Dow and the S&P 500 breaking five-day losing streaks. Asian stocks follow suit and European equities are set to do likewise. The ECB touts a new ‘anti-fragmentation tool’ in a bid to quell the recent bond market turmoil. Reaction, however, is muted following the central bank’s emergency meeting yesterday. The SNB is also now under pressure, warning that Swiss bank assessment has deteriorated. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jun 16, 2022
Format:
Podcast episode
Titles in the series (100)
SQUAWK BOX EUROPE EXPRESS 11th MARCH 2019 by Squawk Box Europe Express