Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
NEW YORK, Sept 26 - A global equity index lost more than 1% on Tuesday in a choppy trading session as fears of higher-for-longer interest rates ate into appetites for riskier assets while the benchmark U.S. Treasury yield remained near 16-year highs.
However, Minneapolis Fed President Neel Kashkari said on Tuesday that he sees a"soft landing" for the U.S. economy as likelier than not, but also sees a 40% chance that the Fed will need to raise rates"meaningfully" higher to beat inflation. "As long as rates keep pushing higher that's going to keep the market nervous," said Jack Janasiewicz, portfolio manager at Natixis Investment Managers Solutions."It feels like this dark cloud is hovering over the market until we get to the PCE print.
In treasuries, benchmark 10-year notes were up 0.6 basis point to 4.548%, from 4.542% late on Monday. The 30-year bond was last up 2.4 basis points to yield 4.6834%, from 4.659%. The 2-year note was last up 0.3 basis points to yield 5.1336%, from 5.131%.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why traders aren't buying the Fed's 'higher-for-longer' visionKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
European shares decline at start of quarter's last week on China woesKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Fed's Goolsbee: High inflation remains theKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Shares drop as 'higher-for-longer' rate outlook rattles investorsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
US government shutdown would delay release of key economic data, official saysKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
S&P 500 edges up, helped by energy as investor eye rate outlookKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »