Fed Effect on Markets

Global markets plummeted before the Fed rate decision.

Fed Effect on Markets. While the Federal Reserve is expected to raise interest rates, the highest in 22 years, the markets came under pressure. Stock markets in Asia slumped, led by Hong Kong technology firms. The dollar index, on the other hand, remained flat, close to 2-year highs. The Fed's tightening message, the Russia-Ukraine War and the quarantine dollar that was reinstated in China were the supporting factors. The US 10-year bond yield closed at close to 3% yesterday. The barrel price of oil exceeded $ 103, while the price of ounce of gold decreased to $ 1,865. While the Japanese and Chinese markets are closed today; While the S&P 500 index rose by 0.5 percent in the USA, deals in futures are flat today. The Kospi index in South Korea fell 0.3 percent, and the Hang Seng index in Hong Kong fell 1.3 percent. The Fed is expected to raise interest rates by 50 basis points this evening and detail its tightening plan.           You May Also Be Interested In: https://ieconomy.io/kritik-fed-toplantisi-ne-zaman-piyasalari-neler-bekliyor/