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Fed calms market fears as stocks rise after policy meeting. Interest rates steady, Powell says rate hike unlikely. Inflation remains high.
US stocks fell on Monday due to concerns over Israel-Iran conflict escalation. Retail sales surged, but Treasury yield hit highest level of 2024.
Dow drops as Treasury yields spike, retail sales beat expectations. Goldman Sachs shines, Apple falls, Tesla faces layoffs. Geopolitical tensions rise.
Malaysia's economy grows despite falling exports, with domestic consumption offsetting. Bank Negara Malaysia raised interest rates, but growth remains steady.
Market activity surged today, with the Dow up +369 points and the S&P 500 +1.25%. Big earnings reports coming tomorrow.
Get the latest on mortgage rates and find out how to save money on your mortgage in the long run.
Global equities rise and Treasury yields rebound as hopes of interest rate cuts fade, but uncertainty remains over growth and inflation.
Bitcoin surges as speculation grows about the approval of a bitcoin exchange-traded fund in the United States.
Inflation is expected to be lower in the coming months, but elevated gasoline prices and labor movements could put upward pressure on prices.
Evergrande's bankruptcy raises concerns of contagion in the Chinese economy, impacting the Australian dollar and global markets.
Inflation has led to an increase in mortgage rates, with the Federal Reserve raising its federal funds rate. Experts predict rates will remain high.
Global shares and the dollar rise after US consumer price inflation moderates, boosting hopes of the Fed's rate-hiking cycle nearing its end.
ECB expected to raise rates as Fed raises interest rates.
Experts predict mortgage interest rates will drop in late 2023.
U.S. stocks rise as inflation eases, tech sector leads gains.
Decoding the Basis Point in News Content
Ever been baffled when coming across terms like 'basis points' in financial news and wondered what they are? Let's peel back the curtains together!
Basis Points, abbreviated as BPS or often pronounced as 'Bips,' is a unit of measure used mainly in finance to describe changes in interest rates, equity indexes, and fixed income securities. So why should we care about them?
The answer hedged within this question essentially reflects why you encounter basis points on any news platform discussing finance. Like salt adds flavor to an otherwise bland dish, understanding basis points provides perspective to raw numbers thrown around.
A single basis point represents 0.01%, that is - a change of 50 bps translates into half a per cent movement! Mind-boggling right? The purpose here isn't to overwhelm but simply introduce yet another lens through which one can assess how markets move.
In view of current global market volatility, it's particularly useful to gauge shifts via these tiny units rather than percentages which might appear misleading. For instance, hearing about an increase by 200 basis points sounds less cataclysmic than saying there was a 2% jump.
If ever stumbled upon phrases such as "Fed adjusts rate by X basis points," now doesn't it seem more decipherable? It's essentially illustrating small incremental pebbles that cause ripples across our macroeconomic pond!
Much of the financial newswire carries reportage of values articulated through basis point changes - be it for mutual funds investments, loan rates modification etc., Through this framework we unravel those cryptic numeric updates with ease- adding depth into our broader economic comprehension.
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