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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Wall STreet

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Business / Economics

Stocks track record day on Wall St, dollar extends losses

  Equity markets rallied Thursday and the dollar extended losses after the US Federal Reserve indicated it would begin cutting interest rates next year. The surge across the region tracked a record-breaking day on Wall Street, where traders cheered a much-sought-after dovish pivot from the central bank as US inflation comes down. After more than a year of hiking, decision-makers at their last meeting of the year acknowledged that they […]

todayDecember 14, 2023 4

World

Asian markets drop as traders temper rate cut bets

Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step back. Markets surged last month as data pointing to slowing inflation and softer job markets combined with a dovish turn by Federal Reserve officials to stoke expectations they will next year begin loosening monetary policy. Those hopes […]

todayDecember 5, 2023 4

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Inflation again to dominate in week ahead on Wall Street

Inflation will be in focus on Wall Street again this week with therelease of personal consumption expenditures data due out on Thursday. A number of Federal Reserve members are also expected to speak and traders will be looking for clues on when the Central Bank plans to start lowering interest rates. From New York William Denselow reports.  

todayNovember 27, 2023 10

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