Global Stocks Slide And The Dollar Hits A 1-month High After Fed Speakers Talk Tough On Rate Hikes

gglover@insider.com (George Glover), Business Insider
Fri, 08/19/2022 - 2:44am

US futures slipped Friday as investors mulled hawkish statements from Fed policymakers - but major indices are still on track for a fifth weekly win in a row.Henny Ray Abrams/AP US futures fell Friday but were still on track for a fifth weekly gain in a row. Three Fed policymakers took a hawkish tone on interest rate hikes, weighing on investor risk appetite. The US dollar hit a one-month high as China set a softer fix for the yuan over economic slowdown fears. Global stocks slid on Friday as investors fretted once again about interest rate hikes after three Federal Reserve policymakers made hawkish statements.US futures slipped but are still on track to finish a fifth straight week in the green after St Louis Fed President James Bullard told the Wall Street Journal the US central bank should hike rates 75 points in September.The Dow Jones looked set to drop at Friday's opening bell, with futures down 0.62%.

Topics: henny ray abrams/ap three fed the us global federal reserve st louis fed president james bullard wall street journal september dow jones s&p nasdaq fed's july bullard san francisco fed mary daly kansas city fed esther george ubs cio mark haefele msci world index stoxx paris's cac london's ftse frankfurt's dax asian hong kong's hang seng tokyo's nikkei the shanghai composite us dollar index us treasurys business insider fed us china fed's chinese high rate hikes futures friday slipped hawkish fell yuan policymakers central points bank rates track set slowdown basis interest expectations fix weekly one-month investors sliding aggressive yields economic softer opening crude climbing wobbled bell

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Global Stocks Slide And The Dollar Hits A 1-month High After Fed Speakers Talk Tough On Rate Hikes

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