US interest rate caution lifts stocks
Print Edition
SHANGHAI stocks yesterday rose for the first time this week, after United States Federal Reserve chair Janet Yellen signaled a cautious approach to a future interest rate hike.
The Shanghai Composite Index rose 2.8 percent to end at 3,000.64 points on transaction volume of 23.4 billion yuan (US$3.6 billion). A total of 981 shares closed higher, with just five losing ground and 92 unchanged.
Speaking at the Economic Club of New York, Yellen said the Fed needed to “proceed cautiously in adjusting policy” given global risks.
Chris Low, chief economist at FTN Financial, said: “Based on Yellen’s description of the Federal Open Market Committee’s neutral rate forecast, coupled with the actual rate of recovery in the neutral rate to date, the Fed is likely to raise rates just once this year (not the two hikes they expect) and no more than twice next year.”
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
