Markets expect Fed to continue raising interest rates
09-19 12:00uSMART

Last week, three major U.S. stock indexes in New York fluctuated downward and fell sharply throughout the week after a fiery August consumer price index, CPI data, failed investors' expectations of a fall in U.S. inflation and a weaker Fed rate hike.



US Markets concluded one of its poorest performing weeks in months, weighed down by poor earnings

EU Markets finished lower on growth fears, with the pound dropping to a 37-low against the dollar      

Asia Markets were broadly lower Friday, even as China’s industrial production and retail sales figures beat expectations



Gold rebounded marginally, but expectations of an upcoming 75-basis-point rate hike capped its gains  

WTI Crude Oil edged higher, trading just below $86/barrel at time of writing on fears of a global slowdown   



FedEx (FDX.US)plunged 21.8% having preannounced underwhelming results for the quarter due to soft shipping volumes  

Uber (UBER.US)retreated 3.6% after announcing that it is looking into a cybersecurity matter involving its internal systems

Netflix(NFLX.US) inched 2% higher after Citi lifted the target price of the streaming platform from $275 to $305

Boeing(BA.US) tumbled 3.67% following its plans to sell some of its 737 Max airplanes that were initially allocated to China



Today’s Earnings:

  • AutoZone (AZO.US)


Economic Calendar (20 September 2022)

  • Australia RBA Meeting Minutes 
  • US Housing Starts (August)
  • US Building Permits (August)



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