It was a year ago this month that the Fed launched its rate hike to combat inflation.At first, policymakers only take 25 basis points to tackle price surges. Subsequent months saw much larger hikes, enough to raise the Fed’s benchmark borrowing rate by 4.5 percentage points to its highest level since 2007.At this 1 year anniversary, we can review these questions:what's the end of the rate hike cycle?when will Fed stop rate hikes and turn to rate cuts?what's the target rate for March?1. What’s the end of this rate hike cycle? - 5.5% is a consensusThe benchmark rate currently
Novavax's COVID-19 shot gets approval for use in teenagers in South KoreaNovavax (NASDAQ:NVAX) $Novavax(NVAX)$on Friday said its protein-based COVID-19 vaccine had received an expanded approval in South Korea for use in teenagers aged 12 to 17 years.The U.S. company's partner, SK bioscience, got a post approval change application nod from the Korean Ministry of Food and Drug Safety for the COVID shot, Nuvaxovid, NVAX said in a statement."Today's approval in South Korea is an important step in ensuring broad global access to a protein-based vaccine option," said NVAX CEO Stanley Erck.Nuvaxovid had already been given approval for use in teenagers aged 12 through 17 years in India, the European Union, Australia, Thailand and
The performance of the three major US stock indexes (5 aug):The $DJIA(.DJI)$ rose 76 points, 0.23%, to close at 32,803 pointsThe $NASDAQ(.IXIC)$ fell 63 points, 0.5%, to end at 12,657 pointsThe $S&P 500(.SPX)$ lost 6 points, 0.16%, to end at 4,145 pointsU.S. nonfarm payrolls beat expectations in July. In the face of such a strong labor market. Violent rate hike expected. Expectations of a 75bps rate hike by the Federal Reserve in September boost sharplyPrior to this, Even in the face of "indiscriminate bombardment" by Fed hawks. US stocks are still carnival. Even if the Fed sends the strongest tightening signal in decades. The m
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