The Latest Breaking News from Janet Yellen

New York (AFP) - Wall Street bounced but European markets wobbled Thursday as investors weighed fresh interest rate hikes by central banks and signs of a possible pause in US monetary tightening following turmoil in the banking sector.

Banking shares have slipped in Europe as investors adjust to more challenging economic and lending conditions ahead.

Stock futures nudge higher as Fed hints at rate hike pause; Yellen says no plan for 'blanket' bank deposit insurance' from Treasury; Coinbase shares tumble after crypto exchange gets SEC Wells Notice; Swiss National Bank hikes rates, says bank crisis 'halted and Boeing confirms $2.5 billion 737 Max deal with…

Hong Kong (AFP) - Asian markets mostly rose Thursday and the dollar retreated, brushing off a Wall Street fall on hopes the Federal Reserve's latest interest rate hike would be one of its last.

Bill Ackman said he would be “would be surprised if deposit outflows don’t accelerate effective immediately.”

Hong Kong (AFP) - Asian markets skidded Thursday, tracking losses on Wall Street after the US Federal Reserve hiked interest rates again and dealt a blow to hopes it could cut them later in the year to soothe worries over the banking sector.

Stocks fell sharply Wednesday after the Federal Reserve indicated the end may be near for its economy-crunching hikes to interest rates, but it also doesn’t expect to cut rates anytime soon despite Wall Street’s hopes.

Washington (AFP) - The US Federal Reserve raised its benchmark lending rate on Wednesday, as it sought to strike a balance between curbing high inflation and averting further upheaval in the commercial banking sector. 

New York (AFP) - Wall Street stocks slumped Wednesday as the US Federal Reserve continued hiking interest rates to fight inflation, while noting that banking sector turmoil could weigh on the economy.

Techs led futures higher after Wednesday's Fed-led sell-off. Apple and other titans have masked market weakness

The Federal Reserve raised interest rates at a ninth straight meeting and indicated there may be more hikes to come in a clear sign it’s confident that its bid to quell inflation won’t deepen a nascent banking crisis.