</noscript><div id="__next"><div class="sc-ajhqqa-0 eXblOI"><div class="sc-ajhqqa-1 fYkFcN"><div class="sc-ajhqqa-2 izXLiu"></div></div></div><header class="sc-l0j40a-1 kmVODE"><div class="sc-l0j40a-2 dBOvgc"><div class="sc-l0j40a-5 jgOZtG"><div class="sc-1cn11lx-0 nOehV"><a class="sc-1cn11lx-1 cTLepo active" id="englishLanguageSwitcher" title="English" href="https://opoyi.com/">EN</a><a class="sc-1cn11lx-1 cTLepo" id="hindiLanguageSwitcher" title="हिन्दी" href="https://hindi.opoyi.com/">हि</a></div></div><div class="sc-l0j40a-5 cRFmOC main-logo"><a href="/" aria-label="Opoyi Logo" class="sc-l0j40a-6 gMruXK"><svg width="82" height="21" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M76.306 14.164a3.417 3.417 0 11-.002 6.835 3.417 3.417 0 01.002-6.835z" class="sc-1ecmm9i-0 dVelmV"></path><mask id="opoyilogo_a" maskUnits="userSpaceOnUse" x="74" y="0" width="8" height="14"><path fill-rule="evenodd" clip-rule="evenodd" d="M74.026.5h7.972v12.986h-7.972V.5z" fill="#fff"></path></mask><g mask="url(#opoyilogo_a)"><path fill-rule="evenodd" clip-rule="evenodd" d="M74.026 13.486L75.1.5H82l-2.607 12.986h-5.366z" class="sc-1ecmm9i-0 dVelmV"></path></g><mask id="opoyilogo_b" maskUnits="userSpaceOnUse" x="54" y="1" width="17" height="20"><path fill-rule="evenodd" clip-rule="evenodd" d="M54.096 1.061h16.513V21H54.096V1.06z" fill="#fff"></path></mask><g mask="url(#opoyilogo_b)"><path fill-rule="evenodd" clip-rule="evenodd" d="M54.096 13.148v-5h5.164l11.349-7.087V21l-11.35-7.852h-5.163z" class="sc-1ecmm9i-0 dVelmV"></path></g><path fill-rule="evenodd" clip-rule="evenodd" d="M19.359 19.859V1.63h9.28s5.52-.21 5.52 6.225c0 0 .359 5.575-5.52 5.851h-4.446v6.153h-4.834zM43.844 1.63c5.032 0 9.11 4.08 9.11 9.114 0 5.034-4.078 9.115-9.11 9.115-5.032 0-9.11-4.08-9.11-9.115 0-5.034 4.078-9.114 9.11-9.114z" fill="#FD0002"></path><mask id="opoyilogo_c" maskUnits="userSpaceOnUse" x="0" y="1" width="19" height="19"><path fill-rule="evenodd" clip-rule="evenodd" d="M.002 1.63h18.221v18.229H.003V1.629z" fill="#fff"></path></mask><g mask="url(#opoyilogo_c)"><path fill-rule="evenodd" clip-rule="evenodd" d="M9.113 1.63c5.031 0 9.11 4.08 9.11 9.114 0 5.034-4.079 9.115-9.11 9.115-5.032 0-9.111-4.08-9.111-9.115 0-5.034 4.079-9.114 9.11-9.114z" fill="#FD0002"></path></g></svg></a></div><div class="sc-l0j40a-5 hFjyYp main-option"><a href="/search/" data-testid="jupyter" id="jupyter" aria-label="Search" class="sc-ctznmf-0 gUPeyM"><svg width="17" height="16" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M12.297 2.942C11.078 1.732 9.407 1.1 7.65 1.1c-1.757 0-3.372.66-4.618 1.842-1.247 1.182-1.899 2.804-1.899 4.48 0 1.678.68 3.272 1.899 4.482 1.218 1.21 2.89 1.87 4.618 1.87 1.757 0 3.372-.66 4.618-1.843a6.182 6.182 0 001.927-4.508c0-1.705-.68-3.272-1.898-4.481zM16.433 16a.568.568 0 01-.396-.165l-3.117-3.024a7.706 7.706 0 01-5.27 2.062c-2.04 0-3.967-.77-5.412-2.172C.793 11.271 0 9.43 0 7.423c0-2.007.793-3.85 2.238-5.251C3.683.77 5.61 0 7.65 0s3.967.77 5.412 2.172a7.273 7.273 0 012.238 5.25 7.205 7.205 0 01-1.615 4.564l3.145 3.052c.227.247.227.577 0 .797a.568.568 0 01-.397.165z" class="searchIcon-path"></path></svg></a><button type="button" id="titan" data-testid="titan" aria-label="User" class="sc-l0j40a-4 jJhNZK"><svg class="not-logged-in" xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><path fill="var(--icon-color)" d="M10 0c5.523 0 10 4.477 10 10s-4.477 10-10 10S0 15.523 0 10 4.477 0 10 0zm0 12.575c-2.716 0-4.965 1.995-5.363 4.6 1.495 1.12 3.352 1.783 5.363 1.783 2.011 0 3.868-.663 5.363-1.782-.398-2.606-2.647-4.601-5.363-4.601zm0-11.533c-4.947 0-8.958 4.01-8.958 8.958 0 2.463.994 4.693 2.602 6.312C4.39 13.5 6.952 11.425 10 11.425s5.611 2.074 6.356 4.887c1.608-1.619 2.602-3.85 2.602-6.312 0-4.947-4.01-8.958-8.958-8.958zm0 2.383c1.974 0 3.575 1.6 3.575 3.575 0 1.974-1.6 3.575-3.575 3.575-1.974 0-3.575-1.6-3.575-3.575 0-1.974 1.6-3.575 3.575-3.575zm0 1.15C8.66 4.575 7.575 5.661 7.575 7c0 1.34 1.086 2.425 2.425 2.425 1.34 0 2.425-1.086 2.425-2.425 0-1.34-1.086-2.425-2.425-2.425z"></path></svg></button></div></div></header><h1 class="sc-d2h5da-1 erJDaq">#<!-- -->FederalReserve</h1><aside class="sc-13w4xb5-17 sc-13w4xb5-18 eZcxkc OVhsV has-topic"><ol class="sc-9nv1ws-0 flqCHF"><li><a class="sc-9nv1ws-1 hbPoZI" href="/" aria-label="Home"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 22 22" class="nav-svg"><g fill-rule="nonzero"><path d="M10.3773 1.20083L9.90712 0.616509V0.616509L10.3773 1.20083ZM11.5131 1.19761L11.0463 1.78458V1.78458L11.5131 1.19761ZM2.01751 7.92771L2.4877 8.51203L2.01751 7.92771ZM8.14285 21V21.75H8.89285V21H8.14285ZM13.5974 21H12.8474V21.75H13.5974V21ZM19.9704 7.9244L20.4373 7.33743L19.9704 7.9244ZM10.8475 1.78514C10.9055 1.7385 10.988 1.73826 11.0463 1.78458L11.98 0.610639C11.3727 0.127598 10.5117 0.130037 9.90712 0.616509L10.8475 1.78514ZM2.4877 8.51203L10.8475 1.78514L9.90712 0.616509L1.54733 7.34339L2.4877 8.51203ZM1.75 10.0525C1.75 9.45381 2.02126 8.88736 2.4877 8.51203L1.54733 7.34339C0.727046 8.00345 0.25 8.99963 0.25 10.0525H1.75ZM1.75 20.0909V10.0525H0.25V20.0909H1.75ZM1.90909 20.25C1.82123 20.25 1.75 20.1788 1.75 20.0909H0.25C0.25 21.0072 0.992801 21.75 1.90909 21.75V20.25ZM8.14285 20.25H1.90909V21.75H8.14285V20.25ZM8.89285 21V15.1559H7.39285V21H8.89285ZM8.89285 15.1559C8.89285 14.0638 9.77811 13.1786 10.8701 13.1786V11.6786C8.94968 11.6786 7.39285 13.2354 7.39285 15.1559H8.89285ZM10.8701 13.1786C11.9621 13.1786 12.8474 14.0638 12.8474 15.1559H14.3474C14.3474 13.2354 12.7906 11.6786 10.8701 11.6786V13.1786ZM12.8474 15.1559V21H14.3474V15.1559H12.8474ZM20.0909 20.25H13.5974V21.75H20.0909V20.25ZM20.25 20.0909C20.25 20.1788 20.1788 20.25 20.0909 20.25V21.75C21.0072 21.75 21.75 21.0072 21.75 20.0909H20.25ZM20.25 10.0588V20.0909H21.75V10.0588H20.25ZM19.5036 8.51137C19.9752 8.8865 20.25 9.45622 20.25 10.0588H21.75C21.75 8.99906 21.2667 7.99713 20.4373 7.33743L19.5036 8.51137ZM11.0463 1.78458L19.5036 8.51137L20.4373 7.33743L11.98 0.610639L11.0463 1.78458Z"></path></g></svg> <span>Home</span></a></li><li><a class="sc-9nv1ws-1 hbPoZI" href="/latest-news/" aria-label="Latest"><svg width="20" height="22" viewBox="0 0 20 22" fill="none" xmlns="http://www.w3.org/2000/svg" class="nav-svg"><path d="m6.201 19.433-.965-.259 2.777-6.503-3.38-.905c-.849-.228-.124-.81-.097-.834 1.836-1.868 4.589-4.65 8.264-8.366l.966.259-2.777 6.503 3.388.908c.386.103.55.343.216.74A7752.735 7752.735 0 0 0 6.2 19.434Z" stroke-width="1.5" stroke-linejoin="round"></path></svg> <span>Latest</span></a></li><li><a class="sc-9nv1ws-1 hbPoZI" href="/trending/" aria-label="Trending"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20" class="nav-svg"><g fill="none" fill-rule="evenodd"><g fill-rule="nonzero"><g><g><path d="M17.75 1.02l-5.072 1.167-.074.019c-.479.16-.704.625-.59 1.09l.027.1c.141.417.597.66 1.059.544l2.932-.66-4.726 7.65-.188.044-4.61-1.923c-.436-.272-.982-.147-1.249.288L.141 17.602c-.278.453-.132.994.327 1.283.104.076.252.115.417.115l.121-.007c.274-.034.492-.187.638-.443l4.578-7.384.189-.043 4.61 1.92.102.056c.415.195.9.058 1.145-.342l5.297-8.526.658 2.962c.09.363.384.654.726.701l.077.009h.16l.116-.015.078-.02c.414-.14.646-.51.618-.912l-.018-.122-1.163-5.147c-.099-.48-.582-.768-1.067-.667z" transform="translate(-103 -743) translate(0 728) translate(103 15)"></path></g></g></g></g></svg> <span>Trending</span></a></li><li><a class="sc-9nv1ws-2 iBiLJK" data-href="/history/" href="/history/" aria-label="History"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20" class="nav-svg"><path d="M4.728 3.632c3.49-3.51 9.166-3.51 12.655 0 3.49 3.51 3.49 9.222 0 12.731-1.69 1.7-3.937 2.637-6.328 2.637-2.39 0-4.636-.936-6.327-2.637-.275-.275-.275-.722 0-.998.273-.276.718-.276.992 0 1.426 1.434 3.32 2.223 5.335 2.223 2.016 0 3.91-.79 5.336-2.223 2.941-2.96 2.941-7.775 0-10.735-2.942-2.959-7.729-2.959-10.67 0-1.269 1.276-2.026 2.938-2.176 4.721l.897-.837c.284-.266.728-.249.992.037.264.285.247.732-.037.998L3.21 11.592c-.135.126-.307.188-.477.188-.189 0-.377-.076-.515-.225l-2.03-2.2c-.264-.286-.248-.733.036-.998s.728-.248.992.037l.912.988c.146-2.173 1.06-4.2 2.6-5.75zM10.812 5c.464 0 .826.339.826.772v2.974c.584.282.987.828.987 1.487 0 .056-.04.094-.04.15l2.034 1.205c.382.226.503.697.241 1.054-.14.226-.423.358-.684.358-.161 0-.302-.038-.443-.113l-2.034-1.205c-.262.15-.564.264-.887.264-1.006 0-1.812-.772-1.812-1.694 0-.66.403-1.205.987-1.487V5.772c0-.433.362-.772.825-.772zm0 4.63c-.362 0-.644.283-.644.603 0 .339.302.602.644.602.343 0 .645-.263.625-.602 0-.339-.282-.602-.625-.602z"></path></svg> <span data-href="/history/">History</span></a></li><li><a class="sc-9nv1ws-2 iBiLJK" data-href="/notification/" href="/notification/" aria-label="Notification"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20" class="nav-svg"><g fill="none" fill-rule="evenodd"><g fill-rule="nonzero"><g><g><path d="M10 0c1.048 0 1.906.86 1.978 1.943l.005.149.137.045c2.537.902 4.323 3.336 4.524 6.153l.014.265.005.267v1.083c0 2.2.506 5.023 1.27 6.642.098.207.088.452-.027.65-.1.171-.268.286-.457.316l-.095.007-4.447.001-.01.053c-.285 1.286-1.31 2.25-2.546 2.404l-.178.017L10 20c-1.39 0-2.585-1.02-2.896-2.426l-.011-.053H2.646c-.161 0-.314-.064-.43-.173l-.066-.07-.056-.081c-.115-.198-.125-.443-.027-.65.721-1.529 1.213-4.133 1.265-6.27l.005-.372V8.822c0-3.039 1.848-5.727 4.543-6.685l.136-.044.006-.15c.065-.98.773-1.776 1.683-1.92l.153-.018L10 0zm1.562 17.521H8.437l.037.093c.253.577.781.976 1.385 1.03l.141.007c.662 0 1.254-.416 1.526-1.037l.036-.093zm-1.86-14.39l-.433.043-.24.04-.102.021C6.505 3.77 4.74 5.979 4.634 8.578l-.004.244v1.083c0 1.503-.204 3.543-.512 4.789l-.067.254-.348 1.06-.062.163h12.72l-.034-.092c-.546-1.53-.909-3.866-.952-5.794l-.005-.38V8.822c0-2.618-1.689-4.892-4.05-5.527l-.303-.071-.29-.05-.118-.016c-.305-.036-.607-.045-.908-.028zM10 1.348c-.276 0-.52.177-.63.436l-.006.019.482-.03.523.008.265.022-.005-.019c-.096-.226-.294-.39-.527-.427L10 1.349z" transform="translate(-328 -743) translate(0 728) translate(328 15)"></path></g></g></g></g></svg> <span data-href="/notification/">Notifications</span></a></li></ol><div class="sc-1mogid6-0 dqHeVy"><h5 class="sc-1mogid6-1 hxGrda">Topic related to FederalReserve</h5><div class="sc-1mogid6-4 jHHIDy"><div class="sc-1mogid6-2 cTuulN"><ul class="sc-1mogid6-3 gxrJWu"><li class="sc-1mogid6-5 uuWYU"><a href="/topics/unitedstates/">#<!-- -->UnitedStates</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/business/">#<!-- -->Business</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/inflation/">#<!-- -->Inflation</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/stockmarket/">#<!-- -->StockMarket</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/us/">#<!-- -->US</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/economy/">#<!-- -->Economy</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/world/">#<!-- -->World</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/nasdaq/">#<!-- -->NASDAQ</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/sharemarket/">#<!-- -->ShareMarket</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/wallstreet/">#<!-- -->WallStreet</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/jeromepowell/">#<!-- -->JeromePowell</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/usa/">#<!-- -->USA</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/dowjones/">#<!-- -->DowJones</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/earlytrade/">#<!-- -->EarlyTrade</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/russia/">#<!-- -->Russia</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/ukraine/">#<!-- -->Ukraine</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/sp/">#<!-- -->S&P</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/asia/">#<!-- -->Asia</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/china/">#<!-- -->China</a></li><li class="sc-1mogid6-5 uuWYU"><a href="/topics/europe/">#<!-- -->Europe</a></li><li> </li></ul></div></div></div></aside><div class="sc-13w4xb5-22 huToCV"><span class="breadcrumb"><a class="breadcrumb-link" href="https://opoyi.com/">Home</a><span class="breadcrumb-separator">></span></span><div><span class="breadcrumb"><a class="breadcrumb-link" href="https://opoyi.com/topics/">Topics</a><span class="breadcrumb-separator">></span></span></div><span class="breadcrumb-last">FederalReserve</span></div><main class="sc-13w4xb5-0 kntxLG"><div id="4RxMjISbv2sE" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-08-05T16:00:00+05:30" class="">2 days ago</time><small>. <!-- -->San Francisco, CA, USA</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/what-is-a-debt-offering-718725/">What is a debt offering?</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="9vm5sOIDSFQB" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-08-05T15:20:00+05:30" class="">2 days ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/why-interest-rates-are-being-hiked-globally-192693/">Why interest rates are being hiked globally?</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="rSAbwjne5sms" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-08-05T14:20:00+05:30" class="">2 days ago</time><small>. <!-- -->Menlo Park, CA, USA</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/technology/why-is-meta-making-a-bond-offering-now-718662/">Why is Meta making a bond offering now?</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="pBgwGSlqa7We" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-08-05T09:45:00+05:30" class="">2 days ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/">RBI expected to hike interest rate by 35-50 bps</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="Ul7lpvSYTvEb" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-08-05T09:30:00+05:30" class="">2 days ago</time><small>. <!-- -->New Delhi, Delhi, India</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/why-rbi-would-be-pushed-to-hike-interest-rates-715918/">Why RBI would be pushed to hike interest rates</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="Lct29xSA1okq" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-08-04T21:04:19+05:30" class="">3 days ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-thursday-12-718148/">US Stock Market: DJIA, S&P500 and Nasdaq turns red in early trade on Thursday</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="u6gvQHUBdgle" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-08-03T08:30:00+05:30" class="">4 days ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/us-stock-market-djia-sp500-nasdaq-and-russell-ended-in-red-on-tuesday-716572/">US Stock Market: DJIA, S&P500, Nasdaq and Russell ended in red on Tuesday</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="UycBK0pQE2tX" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-08-02T21:06:26+05:30" class="">5 days ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-tuesday-716254/">US Stock Market: DJIA, S&P500 and Nasdaq turns red in early trade on Tuesday</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="lWqlXBFuMsBc" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-08-01T13:59:07+05:30" class="">6 days ago</time><small>. <!-- -->Delhi, India</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/gold-silver-and-other-metal-prices-on-monday-august-1-2022-714788/">Gold, silver and other metal prices on Monday, August 1, 2022</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="NGl9XSoZQDtI" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-08-01T07:45:00+05:30" class="">6 days ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/week-in-review-sensex-nifty-rise-on-fpi-buying-easing-commodity-prices-714395/">Week in review: Sensex, Nifty rise on FPI buying, easing commodity prices</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="bOdfQXLlcipq" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-29T13:41:59+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/gold-silver-and-other-metal-prices-on-friday-july-29-2022-712631/">Gold, silver and other metal prices on Friday, July 29, 2022</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="vcerYR3Py5S0" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-29T12:40:00+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/to-fight-inflation-asian-economies-must-raise-rates-rapidly-imf-712542/">To fight inflation, Asian economies must raise rates rapidly: IMF</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="bAHmzVSqcP2l" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T20:50:04+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-thursday-11-712148/">US Stock Market: DJIA, S&P500 and Nasdaq turns red in early trade on Thursday</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="JEjKP0Nm2VAZ" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T11:09:43+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/how-to-survive-a-market-crash-694936/">How to survive a market crash</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="R1ulJb7n4tyE" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T06:00:00+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/why-global-economy-is-not-in-recession-yet-709207/">Why global economy is not in recession yet</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="RXZMrBAV0O9g" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T05:20:00+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/what-us-housing-market-entering-a-recession-means-711205/">What US housing market entering a recession means</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="n5K2Ds8CqK12" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T04:40:00+05:30" class="">1 week ago</time><small>. <!-- -->New York, NY, USA</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/why-us-inflation-is-going-up-and-when-will-it-come-down-438404/">Why US inflation is going up and when will it come down</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="PSzKsruaBbBx" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T04:00:00+05:30" class="">1 week ago</time><small>. <!-- -->Washington D.C., DC, USA</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/">US inflation rate at a 40-year high | A timeline: 1930-2022</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="e01DMbVXEAAt" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T03:33:17+05:30" class="">1 week ago</time><small>. <!-- -->New York, NY, USA</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/fed-rate-hike-sees-us-stocks-jump-while-tech-shares-surge-711523/">Fed rate hike sees US stocks jump while tech shares surge</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="JPkILbiZuwyi" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T03:20:00+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/how-post-pandemic-markets-have-behaved-historically-711192/">How post-pandemic markets have behaved historically</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="qJKWyMSzlTlm" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T03:00:00+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s-711126/">How Paul Volcker tamed inflation with two recessions in 1980s</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="03I73DGWCV3y" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T02:40:00+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/">The 2008 market crash: Inside the doomsday machine and a brief history</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="wr0sYzEDtIAF" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T01:52:39+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/crypto-news-bitcoin-jumps-8-ethereum-15-as-fed-decision-meets-expectations-711473/">Bitcoin jumps 8%, Ethereum 15% as Fed decision meets expectations</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="wX1QwxBmuS8M" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T01:34:06+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/treasury-yields-slip-as-fed-chair-jerome-powell-suggests-slowing-interest-rate-hike-pace-711467/">Treasury yields slip as Fed Chair suggests slowing interest-rate hike pace</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="qfmZJUt7VxjU" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T01:10:45+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/us-economy-not-in-recession-says-fed-chair-jerome-powell-711451/">US economy not in recession, says Fed chair Jerome Powell</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="guWlBuPBiMBe" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T00:52:31+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/us-fed-rate-hike-another-unusually-large-increase-could-be-appropriate-says-jerome-powell-711445/">‘Another unusually large increase could be appropriate’ says Fed chair Jerome Powell</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="hv0M0rBS8BMu" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T00:47:39+05:30" class="">1 week ago</time><small>. <!-- -->New York, NY, USA</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/wall-street-sees-stocks-rise-after-new-fed-rate-hike-711438/">Wall Street sees stocks rise after new Fed rate hike</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="Te0nKSeWJvwG" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T00:31:07+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/us-fed-rate-hike-bank-stocks-rise-following-announcement-711431/">US Fed rate hike: Bank stocks rise following announcement</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="xzskU7baOGVx" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T00:18:18+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/stocks-surge-as-us-fed-hikes-interest-rate-by-75-basis-points-711422/">Stocks surge as US Fed hikes interest rate by 75 basis points</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="HvFF3gNpjqaA" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-28T00:02:36+05:30" class="">1 week ago</time><small>. <!-- -->Washington D.C., DC, USA</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/fed-raises-benchmark-interest-rate-to-fight-high-inflation-711395/">Fed raises benchmark interest rate to fight high inflation</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="Qgvrc93MycjT" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-27T23:55:49+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/">Why is the US Fed Reserve hiking interest rates?</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="IYuX9chzIpG7" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-27T23:51:19+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/us-fed-hikes-interest-rate-by-75-basis-points-to-fight-inflation-711312/">US Fed hikes interest rate by 75 basis points to fight inflation</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="cbsrwhcH2sSv" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-27T23:34:46+05:30" class="">1 week ago</time><small>. <!-- -->Washington D.C., DC, USA</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/us-fed-meeting-when-and-where-to-watch-the-fomc-press-conference-710515/">US Fed meeting: When and where to watch the FOMC press conference</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="FTXMu92aDjKh" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-27T22:50:01+05:30" class="">1 week ago</time><small>. <!-- -->Washington D.C., DC, USA</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/who-is-jerome-powell-302598/">Who is Jerome Powell?</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="wyE5ZRohf1YD" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-27T21:31:47+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/alphabet-microsoft-boost-us-stocks-as-market-waits-on-fed-711279/">Alphabet, Microsoft boost US stocks as market waits on Fed</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="J47f64V6iBmz" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-27T21:10:25+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/rupee-slips-to-7991-against-dollar-ahead-of-us-fed-announcement-711266/">Rupee slips to 79.91 against dollar ahead of US Fed announcement</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="qS2N7AcivEOZ" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-27T21:05:00+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/fed-rate-hike-impact-on-crypto-market-711124/">Federal Reserve rate hike impact on cryptocurrency market</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="KcuOBQKPQriA" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-27T20:42:35+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/us-stock-market-djia-sp500-and-nasdaq-turns-green-in-early-trade-on-wednesday-10-711236/">US Stock Market: DJIA, S&P500 and Nasdaq turns green in early trade on Wednesday</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="co9n7eRgXLyL" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-27T13:20:00+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/how-the-us-fed-rate-hike-will-impact-you-710596/">How the US Fed rate hike will impact you?</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="VJNHgpIzt41q" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-27T12:40:00+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/how-indian-economy-could-suffer-from-a-us-fed-rate-hike-710610/">How Indian economy could suffer from a US Fed rate hike</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="YlJnWYLSNHFy" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-27T12:00:00+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/how-does-a-federal-fund-rate-hike-work-710618/">How does a Federal fund rate hike work?</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="bFjDD5mcT1WJ" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-27T11:20:00+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/impact-of-fed-rate-on-us-stocks-and-bond-markets-710558/">Impact of Fed rates on US stocks and bond markets</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="hiEPc6uDYBvG" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-27T10:46:00+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/how-us-fed-rate-hike-impacts-the-indian-rupee-332980/">How US Fed rate hike impacts the Indian rupee</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="y1Fg4XUADN25" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-27T10:00:00+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/how-the-us-fed-rate-hike-impacts-your-savings-and-loans-710562/">How the US Fed rate hike impacts your savings and loans?</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="11EC2DKCkWou" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-26T22:48:56+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/us-fed-begins-policy-meeting-with-the-goal-of-taming-inflation-710425/">US Fed begins policy meeting with the goal of taming inflation</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="1iFM34dm2o0F" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-26T21:20:00+05:30" class="">1 week ago</time><small>. <!-- -->United States</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/grim-news-from-walmart-sends-us-markets-tumbling-710336/">Grim news from Walmart sends US markets tumbling</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="5X1wixgg4j4h" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-26T15:00:00+05:30" class="">1 week ago</time><small>. <!-- -->Washington D.C., DC, USA</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/usa/who-is-janet-yellen-709976/">Who is Janet Yellen?</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="pkwcf699FyWd" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-25T22:01:14+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-monday-11-709538/">US Stock Market: DJIA, S&P500 and Nasdaq turns red in early trade on Monday</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="gvVVrcxKs6RW" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-25T16:16:34+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/crypto-news-daily-bitcoin-data-and-price-analysis-for-july-25-2022-709283/">Crypto news daily: Bitcoin data and price analysis for July 25, 2022</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="lf0ZmkML2RzE" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBusiness" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBusiness" src="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg" srcSet="https://opoyi.com/images/opoyi_D6026Kum9dg.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBusiness" href="/channels/OpoyiBusiness/" class="sc-w2b75e-4 jSQBIK">OpoyiBusiness<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2022-07-25T12:41:34+05:30" class="">1 week ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/gold-silver-and-other-metal-prices-on-monday-july-25-2022-709128/">Gold, silver and other metal prices on Monday, July 25, 2022</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div><div class="sc-u77vfy-0 gfkLVS"><svg aria-labelledby="card1-aria" role="img" viewBox="0 0 400 115"><title id="card1-aria">Loading...</title><rect role="presentation" x="0" y="0" width="100%" height="100%" clip-path="url(#card1-diff)" style="fill:url(#card1-animated-diff)"></rect><defs><clipPath id="card1-diff"><rect x="40" y="5" rx="3" ry="3" width="88" height="8"></rect><rect x="40" y="20" rx="3" ry="3" width="52" height="8"></rect><rect x="395" y="3" rx="3" ry="3" width="5" height="30"></rect><rect x="0" y="56" rx="3" ry="3" width="400" height="15"></rect><rect x="0" y="75" rx="3" ry="3" width="380" height="15"></rect><rect x="164" y="95" rx="3" ry="3" width="72" height="20"></rect><circle cx="17" cy="17" r="17"></circle></clipPath><linearGradient id="card1-animated-diff"><stop offset="0%" stop-color="var(--skeleton-bg)" stop-opacity="1"><animate attributeName="offset" values="-2; -2; 1" keyTimes="0; 0.25; 1" dur="1.2s" repeatCount="indefinite"></animate></stop><stop offset="50%" stop-color="var(--skeleton-fg)" stop-opacity="1"><animate attributeName="offset" values="-1; -1; 2" keyTimes="0; 0.25; 1" dur="1.2s" repeatCount="indefinite"></animate></stop><stop offset="100%" stop-color="var(--skeleton-bg)" stop-opacity="1"><animate attributeName="offset" values="0; 0; 3" keyTimes="0; 0.25; 1" dur="1.2s" repeatCount="indefinite"></animate></stop></linearGradient></defs></svg></div></div></main><div end="130" class="sc-13w4xb5-20 sc-13w4xb5-21 fIqSjB fcVBwf"><div></div></div><div class="Toastify"></div></div><div id="fb-root"></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"pageName":"topic","pathname":"/topics/federalreserve/","host":"https://opoyi.com","langId":"1","data":{"id":"nAfUON56zYbS","name":"FederalReserve","slug":"federalreserve","imageUrl":"","postCount":371,"description":"","displayName":null,"hasParent":false,"isSection":0,"aliasGroup":null,"aliasInfo":null,"feed":{"pageInfo":{"hasNextPage":true,"startCursor":"YXJyYXljb25uZWN0aW9uOjA=","endCursor":"YXJyYXljb25uZWN0aW9uOjQ5"},"edges":[{"node":{"id":"4RxMjISbv2sE","slug":"english/what-is-a-debt-offering","slugV2":"business/what-is-a-debt-offering-718725/","title":"What is a debt offering?","postType":1,"coverMedia":"/opoyi_SMTvpeiv8.jpg","coverCaption":"Meta is using debt offering to fund its more expensive initiatives(Photo Credit: Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T16:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eDebt offering, also known as a bond offering, pays back an investor with interest after a fixed amount of time\u003c/li\u003e\n \u003cli\u003eAll bonds come with a maturity date and a fixed annual return percentage\u0026nbsp;\u003c/li\u003e\n \u003cli\u003eMeta, which owns Facebook and Instagram recently raised $10 billion through a debt offering\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659694144912,\\\"strCount\\\":2557,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A debt offering is when a company offers a note or a bond to investors to raise capital. This is a financing option undertaken by a company in order to fund an expensive purchase that it would otherwise be unable to afford.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"To understand what debt offering is, it is important to know what a bond is. Simply put, it is a guarantee that upon taking money from an investor, you will pay them back the amount that you have borrowed from them along with interest.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"All debt offerings have a \\\\\\\"maturity \\\\\\\"date, i.e., the date when the investor who loaned a company money is due all what they loaned as well as their interest. For example, if \u003ca href=\\\\\\\"https://opoyi.com/topics/meta/\\\\\\\"\u003eMeta\u003c/a\u003e issues a bond over a 10-year period with a 10% interest rate to an investor, it means that over the course of the 10 years Meta will make an annual interest payment of 10% for the next 10 years. After 10 years, the bond ceases to exist, i.e., it has \\\\\\\"matured\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It differs from offering equity in the fact that by offering bonds from your company you avoid dilution of ownership and reducing the income of your current shareholders. Most recently, tech giant Meta Platforms, which owns \u003ca href=\\\\\\\"https://opoyi.com/topics/facebook/\\\\\\\"\u003eFacebook\u003c/a\u003e, \u003ca href=\\\\\\\"https://opoyi.com/topics/instagram/\\\\\\\"\u003eInstagram\u003c/a\u003e, Oculus and other IPs on August 4, 2022, sought to raise $10 billion via a debt offering. The reason Meta has done so is two-fold, the bond markets are seeing a resurgence after the US Federal Reserve hiked interest rates and because the company is looking for funds for its virtual reality, metaverse and Reels-focused initiatives.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/why-is-meta-making-a-bond-offering-now-718662/\\\\\\\"\u003eWhy is Meta making a bond offering now?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Meta recently managed to raise the $10 billion through a bond deal that it made in four parts.\u0026nbsp;The longest portion was a 40-year-long offering which will yield 1.65 percentage points above Treasuries, meaning that investors which took part in this deal will make bank.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/meta-to-raise-10-billion-in-bond-offering-718585/\\\\\\\"\u003eMeta to raise $10 billion in bond offering\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Meta has felt threatened by \u003ca href=\\\\\\\"https://opoyi.com/topics/chinese/\\\\\\\"\u003eChinese\u003c/a\u003e app TikTok's steep rise. In recent months Meta has shifted focus to short-form content in the form of Instagram's Reels and is looking to use\u0026nbsp;machine learning and artificial intelligence to create algorithms that direct users to content that it can monetize.\\\"}}]}","relatedPosts":null,"location":{"name":"San Francisco, CA, USA"},"createdBy":{"name":"Rwit ","photo":"","username":"RwitG","id":"qTgouOtFVuIH","role":null},"topics":[{"name":"Meta","slug":"meta","id":"Cb4BlMHMuRsq","isSection":0},{"name":"Facebook","slug":"facebook","id":"HLE8qquNLINg","isSection":0},{"name":"Instagram","slug":"instagram","id":"zV6BbWgjJdp2","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Chinese","slug":"chinese","id":"c3EhcN4BZ1H9","isSection":0},{"name":"Technology","slug":"technology","id":"v6bHEgqIl262","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Rwit ","id":"qTgouOtFVuIH","username":"RwitG","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T16:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"A debt offering is when a company offers a note or a bond to investors to raise capital. This is a financing option undertaken by a company in order to fund an expensive purchase that it would otherwise be unable to afford. ,To understand what debt offering is, it is important to know what a bond is. Simply put, it is a guarantee that upon taking money from an investor, you will pay them back the amount that you have borrowed from them along with interest. ,All debt offerings have a maturity date, i.e. the date when the investor who loaned a company money is due all what they loaned as well as their interest. For example, if Meta issues a bond over a 10-year period with a 10% interest rate to an investor, it means that over the course of the 10 years Meta will make an annual interest payment of 10% for the next 10 years. After 10 years, the bond ceases to exist, i.e. it has matured,It differs from offering equity in the fact that by offering bonds from your company you avoid dilution of ownership and reducing the income of your current shareholders. Most recently, tech giant Meta Platforms, which owns Facebook, Instagram, Oculus and other IPs on August 4, 2022, sought to raise $10 billion via a debt offering. The reason Meta has done so is two-fold, the bond markets are seeing a resurgence after the US Federal Reserve hiked interest rates and because the company is looking for funds for its virtual reality, metaverse and Reels-focused initiatives. ,Also Read: Why is Meta making a bond offering now?,Meta recently managed to raise the $10 billion through a bond deal that it made in four parts. The longest portion was a 40-year-long offering which will yield 1.65 percentage points above Treasuries, meaning that investors which took part in this deal will make bank. Also Read: Meta to raise $10 billion in bond offering,Meta has felt threatened by Chinese app TikTok's steep rise. In recent months Meta has shifted focus to short-form content in the form of Instagram's Reels and is looking to use machine learning and artificial intelligence to create algorithms that direct users to content that it can monetize.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"37.7749","longitude":"-122.4194","name":"San Francisco, CA, USA","city":"San Francisco"},"keywords":"Meta,Meta Platforms,Facebook,Instagram,Oculus,the US,Federal Reserve,Chinese","originalPublishedOn":"2022-08-05T16:00:00+05:30"}},{"node":{"id":"9vm5sOIDSFQB","slug":"english/why-interest-rates-are-being-hiked-globally","slugV2":"business/why-interest-rates-are-being-hiked-globally-192693/","title":"Why interest rates are being hiked globally?","postType":1,"coverMedia":"/opoyi_qsoiA5rex.jpg","coverCaption":"Australia’s central bank raised its cash rate by large 50 bps to 1.85% (Photo Credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T15:20:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI increased its repo rate on August 5 by 50 bps to 5.4\u003c/li\u003e\n \u003cli\u003eUS Federal Reserve hiked its benchmark interest rate by 0.75%\u003c/li\u003e\n \u003cli\u003eInterest rates are increased to control rising inflation\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659685825445,\\\"strCount\\\":5153,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Amid \u003ca href=\\\\\\\"https://opoyi.com/business/to-fight-inflation-asian-economies-must-raise-rates-rapidly-imf-712542/\\\\\\\"\u003esoaring inflationary\u003c/a\u003e pressures and uncertain\\\\ngeopolitical crises, central banks or monetary authorities from several\\\\ncountries have raised benchmark interest rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"India’s central bank \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-when-and-where-to-watch-rbi-governors-address-live-716549/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e (RBI)\u0026nbsp;\\\\n\\\\nhiked the\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003erepo rate\u003c/a\u003e\u0026nbsp;by 50 basis points (bps) to 5.4% on Friday.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-central-bank-hikes-policy-repo-rate-by-50-basis-points-to-490-381066/\\\\\\\"\u003eRBI increased its repo rate\u003c/a\u003e on June 8 by 50 bps to\\\\n4.90%. The RBI Governor said that the MPC agreed unanimously to keep the focus\\\\non the withdrawal of accommodation in order to keep inflation within target in\\\\nthe future.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans-131825/\\\\\\\"\u003eExplained: Impact of RBI's repo rate hike on deposits, loans\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Last month, the \u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-hikes-interest-rate-by-75-basis-points-to-fight-inflation-711312/\\\\\\\"\u003eUS Federal Reserve hiked\u003c/a\u003e its benchmark\\\\ninterest rate by 0.75%, the biggest jump in three decades, to stem a surge in\\\\ninflation and flagged a slowing economy. The unusually large interest rate rise\\\\nwas approved unanimously by central bankers, and the policy-making Federal Open\\\\nMarket Committee suggested in its post-meeting statement that more is on the\\\\nway, adding that it \\\\\\\"anticipates that ongoing increases in the target\\\\nrange will be appropriate\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meeting-heres-an-overview-of-the-last-8-meetings-306488/\\\\\\\"\u003eRBI monetary policy committee meet: An overview\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Along with the US Fed, Hong Kong Monetary Authority (HKMA) raised its base rate charged through the overnight discount window\\\\nby 75 basis points to 2.75%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On August 2, Australia’s central bank raised its cash rate\\\\nby large 50 bps to 1.85%, marking an eye-watering 1.75 percentage point of\\\\nhikes since May in the most drastic tightening since the early 1990s. However,\\\\nthe Reserve Bank of Australia (RBA) tempered guidance on further hikes as it\\\\nforecast faster inflation but also a slowdown in the economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-functioning-of-rbis-monetary-policy-committee-716546/\\\\\\\"\u003eExplained: Functioning of RBI’s Monetary Policy Committee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhat does a hike in interest rate mean?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The hike in interest rates, which the banks will pick up and eventually pass on to customers means that loan rates will increase. Interest rates on home, personal, car and gold loans will increase following the increase in benchmark rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/with-elections-nearing-australia-sees-first-interest-rate-hike-in-11-years\\\\\\\"\u003eWith elections near, Australia sees first interest rate hike in 11 years\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI’s repo rate is the rate at which commercial banks borrow money from the central bank to maintain liquidity. It is one of the primary measures to control inflation. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A higher repo rate leads to a higher cost of borrowing. If inflation levels are high, which it is currently, the RBI hikes the repo rate to make borrowing expensive which will affect businesses and industries and slow down investment. This will hurt economic growth but help control inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/india-does-not-have-problems-like-sri-lanka-pakistan-raghuram-rajan-716742/\\\\\\\"\u003eIndia does not have problems like Sri Lanka, Pakistan: Raghuram Rajan\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"An increase in CRR also makes the loans a costly affair.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to SBI Ecowrap, the increase in repo rate and CRR Would increase the marginal cost of funds-based lending rate (MCLR) marginally. If banks increase deposit rates, then the cost of funds (CoF) will also increase, which will push MCLR as well.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-hikes-repo-rate-by-50-bps-as-inflationary-pressures-intensify-718537/\\\\\\\"\u003eRBI MPC hikes repo rate by 50 bps as inflationary pressures intensify\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhy are interest rates increased?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Interest rates are increased to control rising inflation, which is currently at all-time high levels as supply chains are disrupted due to the Russia-Ukraine war. High key rates make borrowing a costly affair which will limit the money supply for the purchase of riskier assets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"High rates slow down consumer and business spending, especially on expensive items, such as properties and other luxury goods. It reverses the wealth effect and also makes banks more careful about lending.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-monetary-policy-committee-meet-key-highlights-718641/\\\\\\\"\u003eRBI monetary policy committee meet: Key highlights\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Interest rates and inflation move in a similar direction. If inflation is rising, interest rates are increased. But economic slowdown lowers the inflation rate and may encourage rate cuts to revive growth.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"SaudiArabia","slug":"saudiarabia","id":"kD3hYpeDW8F6","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"IndianEconomy","slug":"indianeconomy","id":"kzdkEBmiyLAT","isSection":0},{"name":"HongKong","slug":"hongkong","id":"NjExvisxSkdf","isSection":0},{"name":"Australia","slug":"australia","id":"GHNRwuPQRAbw","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"UK","slug":"uk","id":"rBpj9Yi57Sni","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T15:20:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Amid soaring inflationary pressures and uncertain geopolitical crises, central banks or monetary authorities from several countries have raised benchmark interest rates. India’s central bank Reserve Bank of India (RBI) hiked the repo rate by 50 basis points (bps) to 5.4% on Friday. ,The RBI increased its repo rate on June 8 by 50 bps to 4.90%. The RBI Governor said that the MPC agreed unanimously to keep the focus on the withdrawal of accommodation in order to keep inflation within target in the future. Also Read | Explained: Impact of RBI's repo rate hike on deposits, loans,Last month, the US Federal Reserve hiked its benchmark interest rate by 0.75%, the biggest jump in three decades, to stem a surge in inflation and flagged a slowing economy. The unusually large interest rate rise was approved unanimously by central bankers, and the policy-making Federal Open Market Committee suggested in its post-meeting statement that more is on the way, adding that it anticipates that ongoing increases in the target range will be appropriate. Also Read | RBI monetary policy committee meet: An overview,Along with the US Fed, Hong Kong Monetary Authority (HKMA) raised its base rate charged through the overnight discount window by 75 basis points to 2.75%. On August 2, Australia’s central bank raised its cash rate by large 50 bps to 1.85%, marking an eye-watering 1.75 percentage point of hikes since May in the most drastic tightening since the early 1990s. However, the Reserve Bank of Australia (RBA) tempered guidance on further hikes as it forecast faster inflation but also a slowdown in the economy. Also Read | Explained: Functioning of RBI’s Monetary Policy Committee,What does a hike in interest rate mean?,The hike in interest rates, which the banks will pick up and eventually pass on to customers means that loan rates will increase. Interest rates on home, personal, car and gold loans will increase following the increase in benchmark rates. Also Read | With elections near, Australia sees first interest rate hike in 11 years,RBI’s repo rate is the rate at which commercial banks borrow money from the central bank to maintain liquidity. It is one of the primary measures to control inflation. ,A higher repo rate leads to a higher cost of borrowing. If inflation levels are high, which it is currently, the RBI hikes the repo rate to make borrowing expensive which will affect businesses and industries and slow down investment. This will hurt economic growth but help control inflation. Also Read | India does not have problems like Sri Lanka, Pakistan: Raghuram Rajan,An increase in CRR also makes the loans a costly affair. According to SBI Ecowrap, the increase in repo rate and CRR Would increase the marginal cost of funds-based lending rate (MCLR) marginally. If banks increase deposit rates, then the cost of funds (CoF) will also increase, which will push MCLR as well. Also Read | RBI MPC hikes repo rate by 50 bps as inflationary pressures intensify,Why are interest rates increased?,Interest rates are increased to control rising inflation, which is currently at all-time high levels as supply chains are disrupted due to the Russia-Ukraine war. High key rates make borrowing a costly affair which will limit the money supply for the purchase of riskier assets. High rates slow down consumer and business spending, especially on expensive items, such as properties and other luxury goods. It reverses the wealth effect and also makes banks more careful about lending. Also Read | RBI monetary policy committee meet: Key highlights,Interest rates and inflation move in a similar direction. If inflation is rising, interest rates are increased. But economic slowdown lowers the inflation rate and may encourage rate cuts to revive growth.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"RBI,the US Fed,Australia,UK,India,The US Federal Reserve,Fed,Ukraine,China,Saudi Arabia,Hong Kong,the United Kingdom,The Saudi Central Bank,Reserve bank of Australia, RBA, CBUAE, Interest rate hike,Inflation,Interest rate hike,world economy","originalPublishedOn":"2022-05-05T22:37:00+05:30"}},{"node":{"id":"rSAbwjne5sms","slug":"english/why-is-meta-making-a-bond-offering-now","slugV2":"technology/why-is-meta-making-a-bond-offering-now-718662/","title":"Why is Meta making a bond offering now?","postType":1,"coverMedia":"/opoyi_cYUjIf1nC0Vl.jpg","coverCaption":"The $10 billion bond offering is the first time that Meta has done so(Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T14:20:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eMeta has expensive initiatives planned, including metaverse virtual reality\u003c/li\u003e\n \u003cli\u003eThe company is pouring money into changing the way Instagram promotes Reels content\u003c/li\u003e\n \u003cli\u003eMeta has becomeincreasingly concerned about the sudden rise of TikTok\u0026nbsp;\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659687925676,\\\"strCount\\\":2550,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/meta/\\\\\\\"\u003eMeta\u003c/a\u003e Platforms, the parent company of Facebook recently made the decision to \u003ca href=\\\\\\\"https://opoyi.com/technology/meta-to-raise-10-billion-in-bond-offering-718585/\\\\\\\"\u003eraise $10 billion\u003c/a\u003e, putting up bond offerings for investors to choose from. It has successfully done so, selling in four parts. The longest portion was a 40-year-long offering which will yield 1.65 percentage points above US Treasuries yields.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The move from the social media giant is an unusual one, although not entirely suspect. Amongst the behemoths in Silicon Valley, Meta has managed to keep debt off its books. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Earlier this week, \u003ca href=\\\\\\\"https://opoyi.com/topics/apple/\\\\\\\"\u003eApple\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/topics/intel/\\\\\\\"\u003eIntel\u003c/a\u003e also issued bonds, raising $5.5 billion and $6 billion respectively. Despite a rout in the corporate bond markets earlier this year, investors are piling back in as the US Federal Reserve has hiked interest rates again. Meta is looking to taking advantage of this renewed interest.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Part of the rationale behind issuing bond offerings is because the company has a series of expensive initiatives that it is working on. CEO of Meta, Mark Zuckerberg has been pushing the company harder than ever to make inroads into the metaverse, virtual reality and a renewed push for short-form video. It has already transitioned portions of its Facebook offerings to align with Zuckerberg's metaverse plans. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company has been working on a mixed virtual reality headset nicknamed \\\\\\\"Project Cambria\\\\\\\". It is rumoured to be out sometime this year. Meta has been working on the tech in the hopes that it will be able to beat a similar initiative that is being worked on at Apple.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"But projects like this require money, which Meta has been struggling with in the past few months. Its cash pile is depleting, according to Reuters which spoke to sources within the company. After all, the company reported its first ever fall in quarterly revenue.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/chinese/\\\\\\\"\u003eChinese\u003c/a\u003e app TikTok has seen a meteoric rise in active users and put Meta into a frenzy as it claws desparately to stay on top. So much so that the company has dedicated considerable resources to changing the way Facebook and \u003ca href=\\\\\\\"https://opoyi.com/topics/instagram/\\\\\\\"\u003eInstagram\u003c/a\u003e work. Meta has been pushing to capitalise on short-form video content by making use of machine learning and artificial intelligence to create algorithms that direct users to content that it can monetize.\\\"}}]}","relatedPosts":null,"location":{"name":"Menlo Park, CA, USA"},"createdBy":{"name":"Rwit ","photo":"","username":"RwitG","id":"qTgouOtFVuIH","role":null},"topics":[{"name":"Meta","slug":"meta","id":"Cb4BlMHMuRsq","isSection":0},{"name":"Apple","slug":"apple","id":"EDjrcdPuhPoT","isSection":0},{"name":"Intel","slug":"intel","id":"684cgAYG8tf8","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"MarkZuckerberg","slug":"markzuckerberg","id":"Ao2iyyeoJzDM","isSection":0},{"name":"Chinese","slug":"chinese","id":"c3EhcN4BZ1H9","isSection":0},{"name":"Instagram","slug":"instagram","id":"zV6BbWgjJdp2","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Technology","slug":"technology","id":"v6bHEgqIl262","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Rwit ","id":"qTgouOtFVuIH","username":"RwitG","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T14:20:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Meta Platforms, the parent company of Facebook recently made the decision to raise $10 billion, putting up bond offerings for investors to choose from. It has successfully done so, selling in four parts. The longest portion was a 40-year-long offering which will yield 1.65 percentage points above US Treasuries yields. ,The move from the social media giant is an unusual one, although not entirely suspect. Amongst the behemoths in Silicon Valley, Meta has managed to keep debt off its books. ,Earlier this week, Apple and Intel also issued bonds, raising $5.5 billion and $6 billion respectively. Despite a rout in the corporate bond markets earlier this year, investors are piling back in as the US Federal Reserve has hiked interest rates again. Meta is looking to taking advantage of this renewed interest. ,Part of the rationale behind issuing bond offerings is because the company has a series of expensive initiatives that it is working on. CEO of Meta, Mark Zuckerberg has been pushing the company harder than ever to make inroads into the metaverse, virtual reality and a renewed push for short-form video. It has already transitioned portions of its Facebook offerings to align with Zuckerberg's metaverse plans. ,The company has been working on a mixed virtual reality headset nicknamed Project Cambria. It is rumoured to be out sometime this year. Meta has been working on the tech in the hopes that it will be able to beat a similar initiative that is being worked on at Apple. ,But projects like this require money, which Meta has been struggling with in the past few months. Its cash pile is depleting, according to Reuters which spoke to sources within the company. After all, the company reported its first ever fall in quarterly revenue. ,The Chinese app TikTok has seen a meteoric rise in active users and put Meta into a frenzy as it claws desparately to stay on top. So much so that the company has dedicated considerable resources to changing the way Facebook and Instagram work. Meta has been pushing to capitalise on short-form video content by making use of machine learning and artificial intelligence to create algorithms that direct users to content that it can monetize.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"37.453","longitude":"-122.1817","name":"Menlo Park, CA, USA","city":"Menlo Park"},"keywords":"Meta,Apple,Meta Platforms,Silicon Valley,Intel,the US,Federal Reserve,Mark Zuckerberg,Zuckerberg,Project Cambria,Chinese,Instagram","originalPublishedOn":"2022-08-05T14:20:00+05:30"}},{"node":{"id":"pBgwGSlqa7We","slug":"english/rbi-expected-to-hike-interest-rate-by-35-50-bps","slugV2":"business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/","title":"RBI expected to hike interest rate by 35-50 bps","postType":1,"coverMedia":"/opoyi_7XQ5l_pjOA.jpg","coverCaption":"The monetary policy committee (MPC) will meet from August 3 to 5 (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T09:45:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eMPC is expected to cut its inflation projection for FY23 to 6.7%\u003c/li\u003e\n \u003cli\u003eDecline in system liquidity has caused a jump in the short-term money market rates\u003c/li\u003e\n \u003cli\u003eThe strengthening US dollar is putting pressure on the rupee\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659666109020,\\\"strCount\\\":3875,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India (\u003ca href=\\\\\\\"https://opoyi.com/india/india-on-track-to-release-cbdc-says-rbi-official-709199/\\\\\\\"\u003eRBI\u003c/a\u003e) is expected to hike the repo rate by 35-50 basis points (bps) during its policy meeting this week, according to most economists. The monetary policy committee (MPC) will meet from August 3 to 5.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-when-and-where-to-watch-rbi-governors-address-live-716549/\\\\\\\"\u003eRBI MPC meet: When and where to watch RBI Governor's address live\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Analysts expect the MPC to cut its inflation projection for FY23 to 6.7% from 7.01% since \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003econsumer price inflation\u003c/a\u003e (CPI) fell to 7.01% in June. Inflation looks to have peaked, the governor of the Reserve Bank of India, \u003ca href=\\\\\\\"https://opoyi.com/india/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e, stated earlier this month, but he also cautioned that despite June's softening trends, commodity prices remain high.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/\\\\\\\"\u003eRBI expected to hike interest rate by 35-50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to analysts, the gradual tightening of liquidity conditions in the banking sector over the last several weeks is aiding a speedier achievement of the central bank's policy aims, and this might entail a shorter rate-hiking cycle than previously predicted.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-rbi-would-be-pushed-to-hike-interest-rates-715918/\\\\\\\"\u003eWhy RBI would be pushed to hike interest rates\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to Rahul Bajoria, MD and chief India economist at \u003ca href=\\\\\\\"https://opoyi.com/topics/barclays/\\\\\\\"\u003eBarclays\u003c/a\u003e, system liquidity has fallen below the central bank's targeted 1.5% of net demand and time liabilities (NDTL), causing a jump in the short-term money market rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Liquidity shrinkage and external benchmarking of loans continue to fuel the faster and complete transmission of rate hikes. That should make the MPC’s job easier, as it negates the need for a higher terminal rate,” he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Madan Sabnavis, the chief economist of the Bank of Baroda (BoB), believes the MPC would back down from its commitment to withdraw accommodation because there is now insufficient liquidity.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eExplained: Difference between RBI’s accommodative, neutral \u0026amp; hawkish stance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“They will indicate the use of OMO (open market operations) to provide liquidity,” he said. Sabnavis expects a 25-bps hike in the repo rate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The latent liquidity, which is believed to be between Rs 3.5 trillion and Rs 4 trillion in the form of government balances with the \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e, has been highlighted by economists despite the fact that system liquidity has nominally declined far below Rs 1 trillion. As a result, the MPC's decisions may be influenced by the government's predicted spending behaviour.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-changes-in-repo-rates-and-their-impact-on-stock-market-340419/\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rate-setting committee may take note of worries about the external environment as consumer inflation shows signs of slowing down. The dollar has been strengthening as the US \u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-hikes-interest-rate-by-75-basis-points-to-fight-inflation-711312/\\\\\\\"\u003eFederal Reserve raises interest rates\u003c/a\u003e, putting pressure on the rupee, which has already crossed the 80-mark against the greenback.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"barclays","slug":"barclays","id":"aFml5jUIYuwc","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T09:45:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) is expected to hike the repo rate by 35-50 basis points (bps) during its policy meeting this week, according to most economists. The monetary policy committee (MPC) will meet from August 3 to 5. Also Read| RBI MPC meet: When and where to watch RBI Governor's address live,Analysts expect the MPC to cut its inflation projection for FY23 to 6.7% from 7.01% since consumer price inflation (CPI) fell to 7.01% in June. Inflation looks to have peaked, the governor of the Reserve Bank of India, Shaktikanta Das, stated earlier this month, but he also cautioned that despite June's softening trends, commodity prices remain high. Also Read | RBI expected to hike interest rate by 35-50 bps,According to analysts, the gradual tightening of liquidity conditions in the banking sector over the last several weeks is aiding a speedier achievement of the central bank's policy aims, and this might entail a shorter rate-hiking cycle than previously predicted. Also Read| Why RBI would be pushed to hike interest rates,According to Rahul Bajoria, MD and chief India economist at Barclays, system liquidity has fallen below the central bank's targeted 1.5% of net demand and time liabilities (NDTL), causing a jump in the short-term money market rates. Also Read | Harshad Mehta scam: How Big Bull shook the Indian stock market,“Liquidity shrinkage and external benchmarking of loans continue to fuel the faster and complete transmission of rate hikes. That should make the MPC’s job easier, as it negates the need for a higher terminal rate,” he said. Madan Sabnavis, the chief economist of the Bank of Baroda (BoB), believes the MPC would back down from its commitment to withdraw accommodation because there is now insufficient liquidity. Also Read | Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,“They will indicate the use of OMO (open market operations) to provide liquidity,” he said. Sabnavis expects a 25-bps hike in the repo rate. The latent liquidity, which is believed to be between Rs 3.5 trillion and Rs 4 trillion in the form of government balances with the RBI, has been highlighted by economists despite the fact that system liquidity has nominally declined far below Rs 1 trillion. As a result, the MPC's decisions may be influenced by the government's predicted spending behaviour. Also Read | Explained: Changes in repo rates and their impact on stock market,The rate-setting committee may take note of worries about the external environment as consumer inflation shows signs of slowing down. The dollar has been strengthening as the US Federal Reserve raises interest rates, putting pressure on the rupee, which has already crossed the 80-mark against the greenback.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"MPC,The Reserve Bank of India,the Reserve Bank of India,Shaktikanta Das,India,Barclays,Madan Sabnavis,the Bank of Baroda,RBI,Federal Reserve,RBI MPC, CPI, Consumer price inflation, India inflation","originalPublishedOn":"2022-08-02T15:12:08+05:30"}},{"node":{"id":"Ul7lpvSYTvEb","slug":"english/why-rbi-would-be-pushed-to-hike-interest-rates","slugV2":"business/why-rbi-would-be-pushed-to-hike-interest-rates-715918/","title":"Why RBI would be pushed to hike interest rates","postType":1,"coverMedia":"/opoyi_FWhV8xnkq.jpg","coverCaption":"The RBI increased the repo rate by 50 basis points on June 8. (Photo Credit: Twitter/@RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T13:18:50+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI may raise the repo rate by 35-50 basis points during its meeting this week\u003c/li\u003e\n \u003cli\u003eInflation has been over the RBI's upper tolerance level of 6% for the past six months\u003c/li\u003e\n \u003cli\u003eHowever, inflation has slowed since the RBI began raising the policy rates in May\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659685728312,\\\"strCount\\\":3066,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Monetary Policy Committee (MPC) of the \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e (RBI) will meet from August 3 to 5. The RBI governor, \u003ca href=\\\\\\\"https://opoyi.com/india/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e, is expected to announce policy decisions on Friday, August 5. The RBI’s focus on the withdrawal of its \u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eaccommodative policy\u003c/a\u003e\u0026nbsp;in response to rising inflation is expected to lead to a further rise in interest rates in the banking system.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-when-and-where-to-watch-rbi-governors-address-live-716549/\\\\\\\"\u003eRBI MPC meet: When and where to watch RBI Governor's address live\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI may raise the repo rate by 35-50 basis points, according to analysts. The objective of this is to curb inflation, which has been over the RBI's upper tolerance level of 6% for the past six months.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/\\\\\\\"\u003eRBI expected to hike interest rate by 35-50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Additionally, for the past three months, inflation has been above 7%. The \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003econsumer price index\u003c/a\u003e (CPI)-based inflation rate was 7.01% in June.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, inflation has slowed since the RBI began raising the policy rates in May. In an unexpected move, the RBI raised the benchmark interest rate by 40 basis points on May 4.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"CPI inflation for April was 7.79% prior to the policy announcement. In May, inflation fell marginally to 7.04%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI increased the repo rate by 50 basis points on June 8. The cash reserve ratio (CRR) was also increased to 4.5% from 4% previously. Consequently, a number of banks raised their interest rates on saving accounts and fixed deposits (FDs). In June, \u003ca href=\\\\\\\"https://opoyi.com/business/retail-inflation-drops-marginally-to-701-percent-in-june-699528/\\\\\\\"\u003einflation fell\u003c/a\u003e further to 7.01%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, as the \u003ca href=\\\\\\\"https://opoyi.com/topics/ukraine/\\\\\\\"\u003eUkraine\u003c/a\u003e war entered its sixth month, oil and other commodity prices remained high. Brent crude oil was priced at $102.9 per barrel on August 1.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-changes-in-repo-rates-and-their-impact-on-stock-market-340419/\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Federal Reserve of the United States has maintained its hawkish stance. Fed Chair \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-jerome-powell-302598/\\\\\\\"\u003eJerome Powell\u003c/a\u003e raised interest rates by 75 basis points in his policy announcement on July 28. The RBI is also anticipated to adopt a similar approach, but the increase may not be as big.\\\"}}]}","relatedPosts":null,"location":{"name":"New Delhi, Delhi, India"},"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T09:30:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will meet from August 3 to 5. The RBI governor, Shaktikanta Das, is expected to announce policy decisions on Friday, August 5. The RBI’s focus on the withdrawal of its accommodative policy in response to rising inflation is expected to lead to a further rise in interest rates in the banking system. Also Read| RBI MPC meet: When and where to watch RBI Governor's address live,The RBI may raise the repo rate by 35-50 basis points, according to analysts. The objective of this is to curb inflation, which has been over the RBI's upper tolerance level of 6% for the past six months. Also Read | RBI expected to hike interest rate by 35-50 bps,Additionally, for the past three months, inflation has been above 7%. The consumer price index (CPI)-based inflation rate was 7.01% in June. However, inflation has slowed since the RBI began raising the policy rates in May. In an unexpected move, the RBI raised the benchmark interest rate by 40 basis points on May 4. CPI inflation for April was 7.79% prior to the policy announcement. In May, inflation fell marginally to 7.04%. Also Read | Harshad Mehta scam: How Big Bull shook the Indian stock market,The RBI increased the repo rate by 50 basis points on June 8. The cash reserve ratio (CRR) was also increased to 4.5% from 4% previously. Consequently, a number of banks raised their interest rates on saving accounts and fixed deposits (FDs). In June, inflation fell further to 7.01%. However, as the Ukraine war entered its sixth month, oil and other commodity prices remained high. Brent crude oil was priced at $102.9 per barrel on August 1. Also Read | Explained: Changes in repo rates and their impact on stock market,The Federal Reserve of the United States has maintained its hawkish stance. Fed Chair Jerome Powell raised interest rates by 75 basis points in his policy announcement on July 28. The RBI is also anticipated to adopt a similar approach, but the increase may not be as big.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6139","longitude":"77.209","name":"New Delhi, Delhi, India","city":"Delhi"},"keywords":"RBI,The Monetary Policy Committee,the Reserve Bank of India,Shaktikanta Das,Ukraine,the United States,Fed,Jerome Powell, RBI monetary policy, stock market, Inflation, India inflation,RBI MPC august","originalPublishedOn":"2022-08-02T15:56:29+05:30"}},{"node":{"id":"Lct29xSA1okq","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-thursday-12","slugV2":"business/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-thursday-12-718148/","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turns red in early trade on Thursday","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-04T21:04:22+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eNasdaq rose 12.86 points or 0.10% to 12,684.02\u003c/li\u003e\n \u003cli\u003eOil prices slipped and weighed on energy stocks\u003c/li\u003e\n \u003cli\u003eThe Labor Department will release its July jobs report on Friday\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659627260180,\\\"strCount\\\":4361,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wall Street stocks were trading mixed Thursday morning as investors reviewed the latest \u003ca href=\\\\\\\"https://opoyi.com/business/to-fight-inflation-asian-economies-must-raise-rates-rapidly-imf-712542/\\\\\\\"\u003eeconomic\u003c/a\u003e and earnings reports.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 fell 2.63 points or 0.06% to 4,152.54 as of 10:15 am Eastern time. The Dow Jones Industrial Average fell 49.01 points or 0.15% to 32,763.49. The Nasdaq rose 12.86 points or 0.10% to 12,684.02.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/ballistic-missiles-launched-by-china-to-have-landed-in-japans-economic-zone-report-717980/\\\\\\\"\u003eBallistic missiles launched by China to have landed in Japan's economic zone: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Oil prices slipped and weighed on energy stocks. Exxon Mobil fell 1.8%. Industrial companies and retailers made solid gains. Best Buy added 1.9% and Deere rose 1.6%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The yield on the 10-year \u003ca href=\\\\\\\"https://opoyi.com/business/treasury-yields-slip-as-fed-chair-jerome-powell-suggests-slowing-interest-rate-hike-pace-711467/\\\\\\\"\u003eTreasury\u003c/a\u003e fell to 2.69% from 2.74% late Wednesday. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Despite a meandering week, major indexes ended mostly higher.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/chinese-military-encircles-taiwan-fires-ballistic-missiles-into-nearby-waters-717826/\\\\\\\"\u003eChinese military encircles Taiwan, fires ballistic missiles into nearby waters\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"August's gain follows a stellar July that was the best month for the S\u0026amp;P 500 since late 2020. But markets remain volatile as investors try to anticipate the economy's direction ahead amid the \u003ca href=\\\\\\\"https://opoyi.com/business/why-us-inflation-is-going-up-and-when-will-it-come-down-438404/\\\\\\\"\u003ehighest inflation\u003c/a\u003e in four decades and efforts from central banks to control higher prices.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/ccpa-fines-amazon-orders-to-recall-2265-low-quality-pressure-cookers-718078/\\\\\\\"\u003eCCPA fines Amazon, orders to recall 2,265 low-quality pressure cookers\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Earnings reports remain in focus on Wall Street as investors look for more clues on how inflation is impacting various industries. Twinkie maker Hostess fell 5% after giving a disappointing profit forecast for the year. Bleach and consumer products maker Clorox fell 4.2% after also announcing a weak earnings forecast.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/zilingo-timeline-rise-and-fall-of-the-fashion-ecommerce-startup-717666/\\\\\\\"\u003eZilingo timeline: Rise and fall of the fashion ecommerce startup\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Companies have been increasing prices on everything from food to clothing to help recover the impact of inflation on supply chains, but the pressure has become too much for many consumers. An increase in gasoline prices throughout the year worsened inflation and prompted spending cutbacks.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/apple-delays-ipados-16-launch-to-october-717516/\\\\\\\"\u003eApple delays iPadOS 16 launch to October\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/federalreserve/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e has been aggressively hiking interest rates to try and slow the economy and control inflation, along with other central banks. The Bank of England on Thursday initiated its biggest rate hike in more than a quarter century.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed’s policy has investors worried that the central bank could raise the interest rates too quickly and lead the economy into a recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-is-walmart-laying-off-200-workers-717510/\\\\\\\"\u003eWhy is Walmart laying off 200 workers?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The latest data released by the Labor Department on Thursday showed the number of Americans applying for jobless benefits last week rose in line with expectations, as the number of unemployed continues to rise modestly.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The latest data comes after updates earlier this week showing that job openings remain at record highs. The Labor Department will release its July jobs report on Friday, which is expected to show some signs of tightening.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/facebook-to-shutter-live-shopping-feature-to-focus-on-reels-717744/\\\\\\\"\u003eFacebook to shutter live shopping feature to focus on Reels\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors are closely monitoring the latest jobs data to gauge whether any tightening in the employment market might prompt the Fed to eventually ease up on its interest rate hikes, potentially lessening the chance of the central bank bringing on a recession.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G","isSection":0},{"name":"CrudeOil","slug":"crudeoil","id":"CDdTHmgoFn2O","isSection":0},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-04T21:04:19+05:30","publisher":0,"sourceFeed":null,"cleanText":"Wall Street stocks were trading mixed Thursday morning as investors reviewed the latest economic and earnings reports. The S\u0026P 500 fell 2.63 points or 0.06% to 4,152.54 as of 10:15 am Eastern time. The Dow Jones Industrial Average fell 49.01 points or 0.15% to 32,763.49. The Nasdaq rose 12.86 points or 0.10% to 12,684.02. Also Read | Ballistic missiles launched by China to have landed in Japan's economic zone: Report,Oil prices slipped and weighed on energy stocks. Exxon Mobil fell 1.8%. Industrial companies and retailers made solid gains. Best Buy added 1.9% and Deere rose 1.6%. The yield on the 10-year Treasury fell to 2.69% from 2.74% late Wednesday. ,Despite a meandering week, major indexes ended mostly higher. Also Read | Chinese military encircles Taiwan, fires ballistic missiles into nearby waters,August's gain follows a stellar July that was the best month for the S\u0026P 500 since late 2020. But markets remain volatile as investors try to anticipate the economy's direction ahead amid the highest inflation in four decades and efforts from central banks to control higher prices. Also Read | CCPA fines Amazon, orders to recall 2,265 low-quality pressure cookers,Earnings reports remain in focus on Wall Street as investors look for more clues on how inflation is impacting various industries. Twinkie maker Hostess fell 5% after giving a disappointing profit forecast for the year. Bleach and consumer products maker Clorox fell 4.2% after also announcing a weak earnings forecast. Also Read | Zilingo timeline: Rise and fall of the fashion ecommerce startup,Companies have been increasing prices on everything from food to clothing to help recover the impact of inflation on supply chains, but the pressure has become too much for many consumers. An increase in gasoline prices throughout the year worsened inflation and prompted spending cutbacks. Also Read | Apple delays iPadOS 16 launch to October,The Federal Reserve has been aggressively hiking interest rates to try and slow the economy and control inflation, along with other central banks. The Bank of England on Thursday initiated its biggest rate hike in more than a quarter century. The Fed’s policy has investors worried that the central bank could raise the interest rates too quickly and lead the economy into a recession. Also Read | Why is Walmart laying off 200 workers?,The latest data released by the Labor Department on Thursday showed the number of Americans applying for jobless benefits last week rose in line with expectations, as the number of unemployed continues to rise modestly. The latest data comes after updates earlier this week showing that job openings remain at record highs. The Labor Department will release its July jobs report on Friday, which is expected to show some signs of tightening. Also Read | Facebook to shutter live shopping feature to focus on Reels,Investors are closely monitoring the latest jobs data to gauge whether any tightening in the employment market might prompt the Fed to eventually ease up on its interest rate hikes, potentially lessening the chance of the central bank bringing on a recession.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,Exxon Mobil,Deere,Treasury,Twinkie,Hostess,The Federal Reserve,The Bank of England,the Labor Department,Americans","originalPublishedOn":"2022-08-04T21:04:19+05:30"}},{"node":{"id":"u6gvQHUBdgle","slug":"english/us-stock-market-djia-sp500-nasdaq-and-russell-ended-in-red-on-tuesday-2","slugV2":"business/us-stock-market-djia-sp500-nasdaq-and-russell-ended-in-red-on-tuesday-716572/","title":"US Stock Market: DJIA, S\u0026P500, Nasdaq and Russell ended in red on Tuesday","postType":1,"coverMedia":"/opoyi_wwJVVNP9SiNb.jpg","coverCaption":"A pedestrian passes the New York Stock Exchange. (Photo credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-03T08:30:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe S\u0026amp;P 500 fell 27.44 points, or 0.7%, to 4,091.19\u003c/li\u003e\n \u003cli\u003eThe Dow Jones fell 402.23 points, or 1.2%, to 32,396.17\u003c/li\u003e\n \u003cli\u003eThe Nasdaq fell 20.22 points, or 0.2%, to 12,348.76\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659493160589,\\\"strCount\\\":4792,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks in the \u003ca href=\\\\\\\"https://opoyi.com/topics/unitedstates/\\\\\\\"\u003eUnited States\u003c/a\u003e fell on Tuesday after another day of drifting trade, as \u003ca href=\\\\\\\"https://opoyi.com/topics/wallstreet/\\\\\\\"\u003eWall Street\u003c/a\u003e argues whether the market's recent strong run represents the beginnings of a comeback or simply a momentary blip.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-tuesday-716254/\\\\\\\"\u003eUS Stock Market: DJIA, S\u0026amp;P500 and Nasdaq turns red in early trade on Tuesday\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 slid 27.44 points, or 0.7%, to 4,091.19 after fluctuating between a 0.9% loss and a 0.5% gain during the day. The \u003ca href=\\\\\\\"https://opoyi.com/topics/dowjones/\\\\\\\"\u003eDow Jones Industrial Average\u003c/a\u003e fell, even more, shedding 402.23, or 1.2%, to 32,396.17, owing mostly to a decrease in Caterpillar stock. The \u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003eNasdaq composite\u003c/a\u003e fared better, but down 20.22 points, or 0.2%, to 12,348.76.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/trending-stocks-adani-green-subex-voltas-itc-and-others-in-news-today-716534/\\\\\\\"\u003eTrending Stocks: Adani Green, Subex, Voltas, ITC and others in news today\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Treasury yields climbed through the day as concerns calmed a bit that the first visit by a U.S. Speaker of the House to \u003ca href=\\\\\\\"https://opoyi.com/topics/taiwan/\\\\\\\"\u003eTaiwan\u003c/a\u003e in 25 years could spark conflict between the world’s two largest economies. Analysts also cited comments by \u003ca href=\\\\\\\"https://opoyi.com/topics/federalreserve/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e officials that suggested continued hikes to \u003ca href=\\\\\\\"https://opoyi.com/topics/interestrates/\\\\\\\"\u003einterest rates\u003c/a\u003e are coming in order to knock down \u003ca href=\\\\\\\"https://opoyi.com/topics/inflation/\\\\\\\"\u003einflation\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/stocks-to-watch-on-wednesday-august-3-2022-716539/\\\\\\\"\u003eStocks to watch on Wednesday, August 3, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 is down nearly 1% so far this week after spurting in July to its best month since late 2020. It was a rare winning stretch for the market, which has struggled this year under worries about the \u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003ehighest inflation in 40 years\u003c/a\u003e and rising interest rates from the Federal Reserve to combat it.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Some weak recent data on the economy heightened speculation that the peak for inflation and for the Federal Reserve’s aggressive rate hikes may be approaching or has already passed. The weak data, though, also shows the risk of a recession as the Fed puts the brake on the economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/trade-setup-top-15-things-to-know-before-market-opens-on-august-3-2022-716530/\\\\\\\"\u003eTrade Setup: Top 15 things to know before market opens on August 3, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A report on Tuesday showed that U.S. employers posted fewer job openings in June, and the number was weaker than economists expected. A lot rides on whether the job market can remain resilient. It’s been helping to prop up the economy as inflation tears into the finances of households across the country.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On Friday, a report will show how many workers U.S. employers added last month, and economists expect it to show the unemployment rate remains very low even as hiring slowed.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-rbi-would-be-pushed-to-hike-interest-rates-715918/\\\\\\\"\u003eWhy RBI would be pushed to hike interest rates\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"More support for Wall Street recently has come from stronger-than-expected corporate profits for the spring. On Tuesday, rideshare company Uber surged 18.9% after it reported stronger revenue than analysts expected.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Much of Wall Street’s focus Tuesday was also centred across the Pacific Ocean on U.S. House Speaker \u003ca href=\\\\\\\"https://opoyi.com/topics/nancypelosi/\\\\\\\"\u003eNancy Pelosi\u003c/a\u003e, whose plane touched down in \u003ca href=\\\\\\\"https://opoyi.com/topics/taiwan/\\\\\\\"\u003eTaiwan\u003c/a\u003e a little after trading began in New York. Her visit ratchets up tensions with \u003ca href=\\\\\\\"https://opoyi.com/topics/china/\\\\\\\"\u003eChina\u003c/a\u003e, which claims Taiwan as its own and quickly announced it would conduct military manoeuvres in retaliation for her presence.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/\\\\\\\"\u003eRBI expected to hike interest rate by 35-50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The worry in financial markets is that tensions could boil over, leading to blockages in international trade. China and Taiwan are together the sources of half the semiconductor chips consumed by the world “and almost all of the latest high-tech chips,” High-Frequency Economics chief economist Carl Weinberg wrote in a report.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Treasury yields fell in the morning with the worries but recovered as the day progressed. The 10-year yield rose to 2.75% from 2.61% late Monday.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"ClosingBell","slug":"closingbell","id":"Rt7OWl3ugE5l","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"Taiwan","slug":"taiwan","id":"AmHZqT1DMin1","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"NancyPelosi","slug":"nancypelosi","id":"5LQimTN3zkV7","isSection":0},{"name":"NewYork","slug":"newyork","id":"ZXs8JjMQ5noW","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[{"id":"4","name":"AP"}],"originalPost":null,"publishedOn":"2022-08-03T08:30:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Stocks in the United States fell on Tuesday after another day of drifting trade, as Wall Street argues whether the market's recent strong run represents the beginnings of a comeback or simply a momentary blip. Also Read| US Stock Market: DJIA, S\u0026P500 and Nasdaq turns red in early trade on Tuesday,The S\u0026P 500 slid 27.44 points, or 0.7%, to 4,091.19 after fluctuating between a 0.9% loss and a 0.5% gain during the day. The Dow Jones Industrial Average fell, even more, shedding 402.23, or 1.2%, to 32,396.17, owing mostly to a decrease in Caterpillar stock. The Nasdaq composite fared better, but down 20.22 points, or 0.2%, to 12,348.76. Also Read| Trending Stocks: Adani Green, Subex, Voltas, ITC and others in news today,Treasury yields climbed through the day as concerns calmed a bit that the first visit by a U.S. Speaker of the House to Taiwan in 25 years could spark conflict between the world’s two largest economies. Analysts also cited comments by Federal Reserve officials that suggested continued hikes to interest rates are coming in order to knock down inflation. Also Read| Stocks to watch on Wednesday, August 3, 2022,The S\u0026P 500 is down nearly 1% so far this week after spurting in July to its best month since late 2020. It was a rare winning stretch for the market, which has struggled this year under worries about the highest inflation in 40 years and rising interest rates from the Federal Reserve to combat it. Some weak recent data on the economy heightened speculation that the peak for inflation and for the Federal Reserve’s aggressive rate hikes may be approaching or has already passed. The weak data, though, also shows the risk of a recession as the Fed puts the brake on the economy. Also Read| Trade Setup: Top 15 things to know before market opens on August 3, 2022,A report on Tuesday showed that U.S. employers posted fewer job openings in June, and the number was weaker than economists expected. A lot rides on whether the job market can remain resilient. It’s been helping to prop up the economy as inflation tears into the finances of households across the country. On Friday, a report will show how many workers U.S. employers added last month, and economists expect it to show the unemployment rate remains very low even as hiring slowed. Also Read| Why RBI would be pushed to hike interest rates,More support for Wall Street recently has come from stronger-than-expected corporate profits for the spring. On Tuesday, rideshare company Uber surged 18.9% after it reported stronger revenue than analysts expected. Much of Wall Street’s focus Tuesday was also centred across the Pacific Ocean on U.S. House Speaker Nancy Pelosi, whose plane touched down in Taiwan a little after trading began in New York. Her visit ratchets up tensions with China, which claims Taiwan as its own and quickly announced it would conduct military manoeuvres in retaliation for her presence. Also Read| RBI expected to hike interest rate by 35-50 bps,The worry in financial markets is that tensions could boil over, leading to blockages in international trade. China and Taiwan are together the sources of half the semiconductor chips consumed by the world “and almost all of the latest high-tech chips,” High-Frequency Economics chief economist Carl Weinberg wrote in a report. Treasury yields fell in the morning with the worries but recovered as the day progressed. The 10-year yield rose to 2.75% from 2.61% late Monday.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"U.S.,Taiwan,the Federal Reserve,China,the United States,Caterpillar,Treasury,House,Federal Reserve,Fed,the Pacific Ocean,Nancy Pelosi,New York,Carl Weinberg","originalPublishedOn":"2022-08-03T08:30:00+05:30"}},{"node":{"id":"UycBK0pQE2tX","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-tuesday-8","slugV2":"business/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-tuesday-716254/","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turns red in early trade on Tuesday","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-02T21:20:48+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eNasdaq Composite fell 64.13 points or 0.52% to 12,304.84\u003c/li\u003e\n \u003cli\u003eTechnology stocks were the biggest weights on the broader marker\u003c/li\u003e\n \u003cli\u003eThe yield on the 10-year Treasury increased to 2.63%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659455448567,\\\"strCount\\\":3585,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks fell significantly in early trading on Wall Street Tuesday as investors reviewed the latest corporate earnings for clues on inflation’s ongoing impact. Investors are also closely watching rising tensions between the \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/world/nancy-pelosis-potential-taiwan-visit-everything-china-said-715814/\\\\\\\"\u003eChina\u003c/a\u003e. The US House Speaker \u003ca href=\\\\\\\"https://opoyi.com/usa/who-is-nancy-pelosi-710046/\\\\\\\"\u003eNancy Pelosi\u003c/a\u003e is possibly visiting \u003ca href=\\\\\\\"https://opoyi.com/topics/taiwan/\\\\\\\"\u003eTaiwan\u003c/a\u003e, and China has warned of \\\\\\\"serious consequences\\\\\\\" if the trip to the island that it considers its territory goes ahead.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/ahead-of-nancy-pelosis-visit-china-bans-35-taiwan-food-exporters-as-warning-716039/\\\\\\\"\u003eAhead of Nancy Pelosi's visit, China bans 35 Taiwan food exporters as warning\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 index fell 28.35 points or 0.69% as of 10:14 am Eastern time. The Dow Jones Industrial Average fell299.24 points or 0.91% to 32,499.16. The Nasdaq Composite fell 64.13 points or 0.52% to 12,304.84.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Technology and bank stocks were among the biggest weights on the broader marker. \u003ca href=\\\\\\\"https://opoyi.com/topics/microsoft/\\\\\\\"\u003eMicrosoft\u003c/a\u003e slipped 1.8% and JPMorgan Chase fell 1.1%\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/a-brief-history-of-the-china-taiwan-conflict-714736/\\\\\\\"\u003eA brief history of the China-Taiwan conflict\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The yield on the 10-year Treasury increased to 2.63% from 2.61% late Monday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Corporate financial reports remain a key concern for investors as they try to get insights into the health of the economy amid \u003ca href=\\\\\\\"https://opoyi.com/business/why-us-inflation-is-going-up-and-when-will-it-come-down-438404/\\\\\\\"\u003erecord high inflation\u003c/a\u003e, rising interest rates, and \u003ca href=\\\\\\\"https://opoyi.com/business/why-global-economy-is-not-in-recession-yet-709207/\\\\\\\"\u003erecession\u003c/a\u003e worries.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shares of ridesharing company Uber climbed 13.8% after it reported stronger-than-expected revenue. Construction equipment manufacturer Caterpillar fell 2.9% after the economic bellwether reported disappointing second-quarter revenue. Starbucks will announce its results later Tuesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/top-two-primary-election-format-in-us-all-you-need-to-know-715772/\\\\\\\"\u003eTop-two primary election format in US: All you need to know\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Companies under the benchmark S\u0026amp;P 500 have been reporting mostly strong earnings, but many are warning about weaker customer spending and higher costs because of current supply chain issues. Businesses have increased prices on everything from food to clothing to remain profitable.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Moreover, gas prices are putting a strain on consumers. While prices have reduced recently, US crude oil prices are still up 25% this year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/us-primaries-all-you-need-to-about-washington-elections-715791/\\\\\\\"\u003eUS primaries: All you need to about Washington elections\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Central banks have been trying to control inflation by raising interest rates to slow economic growth. The Federal Reserve’s key short-term interest rate is at its highest level since 2018. Investors are concerned that the Fed could go too far and lead the economy into a recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/usa/chandler-mall-shooting-are-guns-allowed-inside-the-shopping-center-715555/\\\\\\\"\u003eChandler Mall shooting: Are guns allowed inside the shopping center?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to government data released last week, the US economy contracted in the second quarter, suggesting it could already be in a recession.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"CrudeOil","slug":"crudeoil","id":"CDdTHmgoFn2O","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G","isSection":0},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"NancyPelosi","slug":"nancypelosi","id":"5LQimTN3zkV7","isSection":0},{"name":"Taiwan","slug":"taiwan","id":"AmHZqT1DMin1","isSection":0},{"name":"Microsoft","slug":"microsoft","id":"3JaT3LQGqUH6","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-02T21:06:26+05:30","publisher":0,"sourceFeed":null,"cleanText":"Stocks fell significantly in early trading on Wall Street Tuesday as investors reviewed the latest corporate earnings for clues on inflation’s ongoing impact. Investors are also closely watching rising tensions between the US and China. The US House Speaker Nancy Pelosi is possibly visiting Taiwan, and China has warned of serious consequences if the trip to the island that it considers its territory goes ahead. Also Read | Ahead of Nancy Pelosi's visit, China bans 35 Taiwan food exporters as warning,The S\u0026P 500 index fell 28.35 points or 0.69% as of 10:14 am Eastern time. The Dow Jones Industrial Average fell299.24 points or 0.91% to 32,499.16. The Nasdaq Composite fell 64.13 points or 0.52% to 12,304.84. Technology and bank stocks were among the biggest weights on the broader marker. Microsoft slipped 1.8% and JPMorgan Chase fell 1.1%,Also Read | A brief history of the China-Taiwan conflict,The yield on the 10-year Treasury increased to 2.63% from 2.61% late Monday. Corporate financial reports remain a key concern for investors as they try to get insights into the health of the economy amid record high inflation, rising interest rates, and recession worries. Shares of ridesharing company Uber climbed 13.8% after it reported stronger-than-expected revenue. Construction equipment manufacturer Caterpillar fell 2.9% after the economic bellwether reported disappointing second-quarter revenue. Starbucks will announce its results later Tuesday. Also Read | Top-two primary election format in US: All you need to know,Companies under the benchmark S\u0026P 500 have been reporting mostly strong earnings, but many are warning about weaker customer spending and higher costs because of current supply chain issues. Businesses have increased prices on everything from food to clothing to remain profitable. Moreover, gas prices are putting a strain on consumers. While prices have reduced recently, US crude oil prices are still up 25% this year. Also Read | US primaries: All you need to about Washington elections,Central banks have been trying to control inflation by raising interest rates to slow economic growth. The Federal Reserve’s key short-term interest rate is at its highest level since 2018. Investors are concerned that the Fed could go too far and lead the economy into a recession. Chandler Mall shooting: Are guns allowed inside the shopping center?,According to government data released last week, the US economy contracted in the second quarter, suggesting it could already be in a recession.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"US,China,Nancy Pelosi,Taiwan,Microsoft,Treasury,Caterpillar,The Federal Reserve,Fed,Early trade, US early trade, stock market, US stock market, Nasdaq, dow jones","originalPublishedOn":"2022-08-02T21:06:26+05:30"}},{"node":{"id":"lWqlXBFuMsBc","slug":"english/gold-silver-and-other-metal-prices-on-monday-august-1-2022","slugV2":"business/gold-silver-and-other-metal-prices-on-monday-august-1-2022-714788/","title":"Gold, silver and other metal prices on Monday, August 1, 2022","postType":1,"coverMedia":"/opoyi_ccQ8Nassf.jpg","coverCaption":"Ten grams of 22-carat gold is being purchased and sold at Rs 47,200 in Mumbai and Kolkata (Photo Credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-01T13:59:10+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eGold futures were trading at Rs 51,451.00 per 10 gm, down 175 points or 0.34%\u003c/li\u003e\n \u003cli\u003eSilver futures were trading at Rs 58,207.00 per kg, down 163 points or 0.28%\u003c/li\u003e\n \u003cli\u003ePlatinum was trading at $908.71 while palladium was trading at $2,125.00\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659342546562,\\\"strCount\\\":4847,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Gold prices fell\\\\nsharply today after recording a strong rally last week. Over the past three\\\\nweeks, the yellow metal had jumped Rs 1000 per 10 grams. In \u003ca href=\\\\\\\"https://opoyi.com/business/how-post-pandemic-markets-have-behaved-historically-711192/\\\\\\\"\u003eglobal markets\u003c/a\u003e, it\\\\nremained near three-week highs, supported by lower \u003ca href=\\\\\\\"https://opoyi.com/business/treasury-yields-slip-as-fed-chair-jerome-powell-suggests-slowing-interest-rate-hike-pace-711467/\\\\\\\"\u003ebond yields\u003c/a\u003e and a pullback\\\\nin the US dollar amid expectations of a less aggressive \u003ca href=\\\\\\\"https://opoyi.com/topics/federalreserve/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e\\\\nrate-hike trajectory.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Growing concerns over\\\\nrising \u003ca href=\\\\\\\"https://opoyi.com/business/to-fight-inflation-asian-economies-must-raise-rates-rapidly-imf-712542/\\\\\\\"\u003einflation \u003c/a\u003eand geopolitical uncertainty boosted demand for bullion\\\\nprices, said ICICIDirect in its morning report. \\\\\\\"However, strong economic\\\\ndata from the US prevented further gains\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/week-in-review-sensex-nifty-rise-on-fpi-buying-easing-commodity-prices-714395/\\\\\\\"\u003eWeek in review: Sensex, Nifty rise on FPI buying, easing commodity prices\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Gold prices on the\\\\nMulti Commodity Exchange (MCX) surged on Monday, August 1, 2022. Gold futures\\\\nwere trading at Rs 51,451.00 per 10 gm, down 175 points or 0.34%, in the Indian\\\\nmarket. Silver futures were trading at Rs 58,207.00 per kg, down 163 points or\\\\n0.28%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/midday-report-sensex-gains-360-points-nifty-up-115-points-714752/\\\\\\\"\u003eMidday report: Sensex gains 360 points, Nifty up 115 points\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In global markets, gold\\\\nwas priced at $1,764.74 per oz while silver was at $20.21. Platinum was trading\\\\nat $908.71 while palladium was trading at $2,125.00.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the spot market,\\\\n22-carat gold was sold at Rs 50,230 per 10 grams while silver was priced at Rs\\\\n57,553 per kg on Friday according to the Indian Bullion and Jewellers\\\\nAssociation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/idfc-first-bank-share-climbs-nearly-14-on-reporting-highest-ever-profit-714718/\\\\\\\"\u003eIDFC First Bank share climbs nearly 14% on reporting highest-ever profit\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Copper futures were\\\\ntrading at Rs 657.05, down by 0.02% while Natural Gas and Aluminium futures\\\\nwere trading at Rs 630.30 and Rs 211.90 per kg respectively on MCX.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ten grams of 22-carat\\\\ngold is being purchased and sold at Rs 47,200 in \u003ca href=\\\\\\\"https://opoyi.com/topics/mumbai/\\\\\\\"\u003eMumbai\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/topics/kolkata/\\\\\\\"\u003eKolkata\u003c/a\u003e, according\\\\nto the Good Returns website. The same amount of valuable yellow metal can be\\\\npurchased for Rs 48,150 in Chennai and Rs 47,350 in New Delhi.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/yes-bank-shares-surge-nearly-6-on-plans-to-raise-over-1-billion-714711/\\\\\\\"\u003eYES Bank shares surge nearly 6% on plans to raise over $1 billion\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 24-carat gold\\\\nprice, ten grams of this in-demand metal costs Rs 51,490 in Kolkata and Mumbai.\\\\nThe same quantity is being marketed at Rs 52,530 in Chennai and Rs 51,660 in\\\\nNew Delhi.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In \u003ca href=\\\\\\\"https://opoyi.com/topics/madurai/\\\\\\\"\u003eMadurai\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/topics/nagpur/\\\\\\\"\u003eNagpur\u003c/a\u003e,\\\\n10 grams of 22-carat gold is being sold at Rs 48,150 and Rs 47,230,\\\\nrespectively. The same amount of 24-carat purity is being traded at Rs 52,530\\\\nin Madurai and Rs 51,570 in Nagpur.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/fuel-price-august-1-2022-petrol-rs-10631-diesel-rs-9427-in-mumbai-714441/\\\\\\\"\u003eFuel price August 1, 2022: Petrol Rs 106.31, diesel Rs 94.27 in Mumbai\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ten grams of 22-carat\\\\ngold costs Rs 47,200 in Vishakhapatnam, \u003ca href=\\\\\\\"https://opoyi.com/topics/kerala/\\\\\\\"\u003eKerala\u003c/a\u003e, and \u003ca href=\\\\\\\"https://opoyi.com/topics/hyderabad/\\\\\\\"\u003eHyderabad\u003c/a\u003e. The same amount\\\\nis worth Rs 47,250 in Mysore, \u003ca href=\\\\\\\"https://opoyi.com/topics/bengaluru/\\\\\\\"\u003eBengaluru\u003c/a\u003e, and Mangalore. Ten grams of 24-carat\\\\ngold cost Rs 51,490 in Vishakhapatnam, Kerala, and Hyderabad. While in\\\\nBengaluru, Mysore, and Mangalore, the same amount is being retailed at Rs\\\\n51,540.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/week-ahead-rbi-mpc-meet-quarterly-results-to-weigh-on-sensex-nifty-714406/\\\\\\\"\u003eWeek ahead: RBI MPC meet, quarterly results to weigh on Sensex, Nifty\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ten grams of 22-carat\\\\ngold costs Rs 47,250 and Rs 47,350 in Surat and Jaipur, respectively. The same\\\\namount of 24-carat purity costs Rs 51,540 in Surat and Rs 51,660 in Jaipur.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/week-in-review-sensex-nifty-rise-on-fpi-buying-easing-commodity-prices-714395/\\\\\\\"\u003eWeek in review: Sensex, Nifty rise on FPI buying, easing commodity prices\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ten grams of 22-carat\\\\ngold costs Rs 47,230 and Rs 47,350 in Ahmedabad and Chandigarh, respectively.\\\\nThe same amount of 24-carat purity may be purchased and sold for Rs 51,540 in\\\\nAhmedabad and Rs 51,660 in Chandigarh.\\\"}}]}","relatedPosts":null,"location":{"name":"Delhi, India"},"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Goldprice","slug":"goldprice","id":"OctVx3EzZ2dS","isSection":0},{"name":"SilverPrice","slug":"silverprice","id":"gILwbOERvauI","isSection":0},{"name":"NewDelhi","slug":"newdelhi","id":"ZbQipZWThohh","isSection":0},{"name":"Silver","slug":"silver","id":"lOlSKe73kvYN","isSection":0},{"name":"gold","slug":"gold","id":"wsF5Ohik63VD","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Mumbai","slug":"mumbai","id":"1AypZlXpkqv3","isSection":0},{"name":"Kolkata","slug":"kolkata","id":"7ZYgoGLGBQnQ","isSection":0},{"name":"Bengaluru","slug":"bengaluru","id":"aJTNUaRJKT21","isSection":0},{"name":"Jaipur","slug":"jaipur","id":"cS6iHvD7QlhW","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Ahmedabad","slug":"ahmedabad","id":"eUPXBQ1GUqrv","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-01T13:59:07+05:30","publisher":0,"sourceFeed":null,"cleanText":"Gold prices fell sharply today after recording a strong rally last week. Over the past three weeks, the yellow metal had jumped Rs 1000 per 10 grams. In global markets, it remained near three-week highs, supported by lower bond yields and a pullback in the US dollar amid expectations of a less aggressive Federal Reserve rate-hike trajectory. ,Growing concerns over rising inflation and geopolitical uncertainty boosted demand for bullion prices, said ICICIDirect in its morning report. However, strong economic data from the US prevented further gains,Also Read | Week in review: Sensex, Nifty rise on FPI buying, easing commodity prices,Gold prices on the Multi Commodity Exchange (MCX) surged on Monday, August 1, 2022. Gold futures were trading at Rs 51,451.00 per 10 gm, down 175 points or 0.34%, in the Indian market. Silver futures were trading at Rs 58,207.00 per kg, down 163 points or 0.28%. Also Read | Midday report: Sensex gains 360 points, Nifty up 115 points,In global markets, gold was priced at $1,764.74 per oz while silver was at $20.21. Platinum was trading at $908.71 while palladium was trading at $2,125.00. In the spot market, 22-carat gold was sold at Rs 50,230 per 10 grams while silver was priced at Rs 57,553 per kg on Friday according to the Indian Bullion and Jewellers Association. Also Read | IDFC First Bank share climbs nearly 14% on reporting highest-ever profit,Copper futures were trading at Rs 657.05, down by 0.02% while Natural Gas and Aluminium futures were trading at Rs 630.30 and Rs 211.90 per kg respectively on MCX. Ten grams of 22-carat gold is being purchased and sold at Rs 47,200 in Mumbai and Kolkata, according to the Good Returns website. The same amount of valuable yellow metal can be purchased for Rs 48,150 in Chennai and Rs 47,350 in New Delhi. Also Read | YES Bank shares surge nearly 6% on plans to raise over $1 billion,The 24-carat gold price, ten grams of this in-demand metal costs Rs 51,490 in Kolkata and Mumbai. The same quantity is being marketed at Rs 52,530 in Chennai and Rs 51,660 in New Delhi. In Madurai and Nagpur, 10 grams of 22-carat gold is being sold at Rs 48,150 and Rs 47,230, respectively. The same amount of 24-carat purity is being traded at Rs 52,530 in Madurai and Rs 51,570 in Nagpur. Also Read | Fuel price August 1, 2022: Petrol Rs 106.31, diesel Rs 94.27 in Mumbai,Ten grams of 22-carat gold costs Rs 47,200 in Vishakhapatnam, Kerala, and Hyderabad. The same amount is worth Rs 47,250 in Mysore, Bengaluru, and Mangalore. Ten grams of 24-carat gold cost Rs 51,490 in Vishakhapatnam, Kerala, and Hyderabad. While in Bengaluru, Mysore, and Mangalore, the same amount is being retailed at Rs 51,540. Also Read | Week ahead: RBI MPC meet, quarterly results to weigh on Sensex, Nifty,Ten grams of 22-carat gold costs Rs 47,250 and Rs 47,350 in Surat and Jaipur, respectively. The same amount of 24-carat purity costs Rs 51,540 in Surat and Rs 51,660 in Jaipur. Also Read | Week in review: Sensex, Nifty rise on FPI buying, easing commodity prices,Ten grams of 22-carat gold costs Rs 47,230 and Rs 47,350 in Ahmedabad and Chandigarh, respectively. The same amount of 24-carat purity may be purchased and sold for Rs 51,540 in Ahmedabad and Rs 51,660 in Chandigarh.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6863","longitude":"77.2218","name":"Delhi, India","city":"Delhi"},"keywords":"Mumbai,Kolkata,New Delhi,Federal Reserve,Gold prices, Silver price, Copper futures, aluminium futures, gold futures, silver futures, IBJA,IBJA rates","originalPublishedOn":"2022-08-01T13:59:07+05:30"}},{"node":{"id":"NGl9XSoZQDtI","slug":"english/week-in-review-sensex-nifty-rise-on-fpi-buying-easing-commodity-prices","slugV2":"business/week-in-review-sensex-nifty-rise-on-fpi-buying-easing-commodity-prices-714395/","title":"Week in review: Sensex, Nifty rise on FPI buying, easing commodity prices","postType":1,"coverMedia":"/opoyi_Icn9uRYhY.jpg","coverCaption":"During the week, the major indices gained ground in three of the five trading sessions. (Photo credit: Representational/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-01T07:45:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Sensex gained 2.67% \u0026nbsp;to conclude at 57,570.25 in the week ending Friday, July 29, 2022\u003c/li\u003e\n \u003cli\u003eThe economic growth in the US declined 0.9% in the second quarter\u003c/li\u003e\n \u003cli\u003eThe US Fed raised interest rates by 0.75 percentage points to combat inflation\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659316563098,\\\"strCount\\\":6862,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Major indices gained for the second week in a row due to purchasing demand in index pivotals. The expectation that global central banks could be hesitant to raise interest rates helped stocks rise. The sentiment was also supported by easing commodity prices and net purchasing by foreign institutional investors (FIIs) during the previous several days. The Nifty closed over the 17,150 mark.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/to-fight-inflation-asian-economies-must-raise-rates-rapidly-imf-712542/\\\\\\\"\u003eTo fight inflation, Asian economies must raise rates rapidly: IMF\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"During the week, the major indices gained ground in three of the five trading sessions. The Nifty closed over the 17,150 level. The Sensex gained 1,498.02 points, or 2.67%, in the week ending Friday, July 29, 2022, to conclude at 57,570.25. The Nifty 50 index rose 438.80 points, or 2.62%, to 17,158.25.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The BSE Mid-Cap index gained 1.65% to 24,050.90. The BSE Small-Cap index rose 1.06% to 27,056.38.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/where-to-invest-during-high-inflation-710394/\\\\\\\"\u003eWhere to invest during high inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHow equity benchmarks performed on a weekly basis:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eMonday, July 25, 2022\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The major market indices concluded the day with minor losses, halting a six-day winning trend. Metals and IT stocks defied the trend, but auto stocks drove the indices down. The S\u0026amp;P BSE Sensex fell 306.01 points, or 0.55%, to 55,766.22. The Nifty 50 index fell 88.45 points, or 0.53%, to 16,631.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-post-pandemic-markets-have-behaved-historically-711192/\\\\\\\"\u003eHow post-pandemic markets have behaved historically\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eTuesday, July 26, 2022\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The domestic stock barometers finished with significant losses. The S\u0026amp;P BSE Sensex lost 497.73 points, or 0.89%, to 55,268.49. The Nifty 50 index fell 147.15 points or 0.88% to 16,483.85.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s-711126/\\\\\\\"\u003eHow Paul Volcker tamed inflation with two recessions in 1980s\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWednesday, July 27, 2022\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The benchmarks finished with significant increases. The S\u0026amp;P BSE Sensex increased by 547.83 points, or 0.99%, to 55,816.32. The Nifty 50 index rose 157.95 points, or 0.96%, to 16,641.80.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eThursday, July 28, 2022\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The indices finished with strong gains, mirroring bullish global indications. The S\u0026amp;P BSE Sensex increased 1,041.47 points, or 1.87%, to 56,857.79. The Nifty 50 gained 287.80 points, or 1.73%, to 16,929.60.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eFriday, July 29, 2022\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The domestic equity benchmarks rose for the third straight session. The S\u0026amp;P BSE Sensex increased 712.46 points, or 1.25%, to 57,570.25. The Nifty 50 rose 228.65 points, or 1.35%, to 17,158.25.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-to-survive-a-market-crash-694936/\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhat happened in the Global markets:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIndia\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/imf/\\\\\\\"\u003eInternational Monetary Fund (IMF)\u003c/a\u003e lowered its global growth forecast on Tuesday and warned that the world might soon enter a recession. According to the IMF, global economic growth would likely fall to 3.2% this year, down from the 3.6% estimated in April. India's forecast has been lowered by 0.8 percentage points to 7.4%. According to the IMF, India's adjustment reflects primarily less favourable external conditions and more aggressive policy tightening. The negative adjustments to growth in emerging markets and developing economies reflect mainly the steep slowdown in China's economy and the slowing in India's economic growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-global-economy-is-not-in-recession-yet-709207/\\\\\\\"\u003eWhy global economy is not in recession yet\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eJapan\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Japan's industrial production increased 8.9% in June compared to the previous month, according to the ministry of economy, commerce, and industry on Friday. On Tuesday, the Bank of \u003ca href=\\\\\\\"https://opoyi.com/topics/japan/\\\\\\\"\u003eJapan\u003c/a\u003e issued the minutes of its June meeting, after holding interest rates at ultra-low levels the previous week. Members of the BOJ policy board stated that the economy was on its path to recovery from the impacts of Covid, but that it still required significant financial assistance owing to pressure from rising commodity prices. According to the minutes, they also agreed that it was critical to pay close attention to developments in economic and forex markets and their influence on Japan's economic activity and pricing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSouth Korea\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Bank of Korea predicts that the economy of South Korea expanded by 0.7% in the second quarter of 2022 in comparison to the first quarter. In the January-March quarter, the country's GDP increased by 0.6%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eUnited States\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For the second consecutive quarter, the \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e economy contracted from April to June. The Bureau of Economic Analysis said Thursday that economic growth in the United States declined 0.9% in the second quarter. GDP fell by 1.6% in the first quarter. The statistics fueled investor speculation that the Federal Reserve may not need to raise interest rates as aggressively as some had expected.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eExplained: Difference between RBI’s accommodative, neutral \u0026amp; hawkish stance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/fed-raises-benchmark-interest-rate-to-fight-high-inflation-711395/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e raised interest rates by 0.75 percentage points on Wednesday to combat inflation, bringing the benchmark rate to a range of 2.25% -2.5%.\u0026nbsp; With the hike, the funds' rate has reached its highest point since December 2018. In a press conference, \u003ca href=\\\\\\\"https://opoyi.com/world/who-is-jerome-powell-302598/\\\\\\\"\u003eFed Chair Jerome Powell\u003c/a\u003e stated that the Fed may raise rates by 0.75 percentage points again in September, depending on the data.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"WeekInReview","slug":"weekinreview","id":"xhYRg6SQMNHj","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Japan","slug":"japan","id":"anJhzDRc6xxB","isSection":0},{"name":"SouthKorea","slug":"southkorea","id":"Z7hepHTfkPbB","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-01T07:45:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Major indices gained for the second week in a row due to purchasing demand in index pivotals. The expectation that global central banks could be hesitant to raise interest rates helped stocks rise. The sentiment was also supported by easing commodity prices and net purchasing by foreign institutional investors (FIIs) during the previous several days. The Nifty closed over the 17,150 mark. ,Also Read| To fight inflation, Asian economies must raise rates rapidly: IMF,During the week, the major indices gained ground in three of the five trading sessions. The Nifty closed over the 17,150 level. The Sensex gained 1,498.02 points, or 2.67%, in the week ending Friday, July 29, 2022, to conclude at 57,570.25. The Nifty 50 index rose 438.80 points, or 2.62%, to 17,158.25. The BSE Mid-Cap index gained 1.65% to 24,050.90. The BSE Small-Cap index rose 1.06% to 27,056.38. Also Read| Where to invest during high inflation?,How equity benchmarks performed on a weekly basis:,Monday, July 25, 2022 ,The major market indices concluded the day with minor losses, halting a six-day winning trend. Metals and IT stocks defied the trend, but auto stocks drove the indices down. The S\u0026P BSE Sensex fell 306.01 points, or 0.55%, to 55,766.22. The Nifty 50 index fell 88.45 points, or 0.53%, to 16,631. Also Read| How post-pandemic markets have behaved historically,Tuesday, July 26, 2022 ,The domestic stock barometers finished with significant losses. The S\u0026P BSE Sensex lost 497.73 points, or 0.89%, to 55,268.49. The Nifty 50 index fell 147.15 points or 0.88% to 16,483.85. Also Read| How Paul Volcker tamed inflation with two recessions in 1980s,Wednesday, July 27, 2022 ,The benchmarks finished with significant increases. The S\u0026P BSE Sensex increased by 547.83 points, or 0.99%, to 55,816.32. The Nifty 50 index rose 157.95 points, or 0.96%, to 16,641.80. Also Read| The 2008 market crash: Inside the doomsday machine and a brief history,Thursday, July 28, 2022 ,The indices finished with strong gains, mirroring bullish global indications. The S\u0026P BSE Sensex increased 1,041.47 points, or 1.87%, to 56,857.79. The Nifty 50 gained 287.80 points, or 1.73%, to 16,929.60. Also Read| Harshad Mehta scam: How Big Bull shook the Indian stock market,Friday, July 29, 2022 ,The domestic equity benchmarks rose for the third straight session. The S\u0026P BSE Sensex increased 712.46 points, or 1.25%, to 57,570.25. The Nifty 50 rose 228.65 points, or 1.35%, to 17,158.25. Also Read| How to survive a market crash,What happened in the Global markets:,India,The International Monetary Fund (IMF) lowered its global growth forecast on Tuesday and warned that the world might soon enter a recession. According to the IMF, global economic growth would likely fall to 3.2% this year, down from the 3.6% estimated in April. India's forecast has been lowered by 0.8 percentage points to 7.4%. According to the IMF, India's adjustment reflects primarily less favourable external conditions and more aggressive policy tightening. The negative adjustments to growth in emerging markets and developing economies reflect mainly the steep slowdown in China's economy and the slowing in India's economic growth. Also Read| Why global economy is not in recession yet,Japan,Japan's industrial production increased 8.9% in June compared to the previous month, according to the ministry of economy, commerce, and industry on Friday. On Tuesday, the Bank of Japan issued the minutes of its June meeting, after holding interest rates at ultra-low levels the previous week. Members of the BOJ policy board stated that the economy was on its path to recovery from the impacts of Covid, but that it still required significant financial assistance owing to pressure from rising commodity prices. According to the minutes, they also agreed that it was critical to pay close attention to developments in economic and forex markets and their influence on Japan's economic activity and pricing. Also Read| Great Depression to COVID: Top 5 market crashes in American history,South Korea,The Bank of Korea predicts that the economy of South Korea expanded by 0.7% in the second quarter of 2022 in comparison to the first quarter. In the January-March quarter, the country's GDP increased by 0.6%. Also Read| US inflation rate at a 40-year high | A timeline: 1930-2022,United States,For the second consecutive quarter, the US economy contracted from April to June. The Bureau of Economic Analysis said Thursday that economic growth in the United States declined 0.9% in the second quarter. GDP fell by 1.6% in the first quarter. The statistics fueled investor speculation that the Federal Reserve may not need to raise interest rates as aggressively as some had expected. ,Also Read| Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,The Federal Reserve raised interest rates by 0.75 percentage points on Wednesday to combat inflation, bringing the benchmark rate to a range of 2.25% -2.5%. With the hike, the funds' rate has reached its highest point since December 2018. In a press conference, Fed Chair Jerome Powell stated that the Fed may raise rates by 0.75 percentage points again in September, depending on the data.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"The S BSE Sensex,India,Japan,South Korea,Fed,The Nifty 50,The International Monetary Fund,China,the ministry of economy, commerce,the Bank of Japan,the BOJ policy board,Bank of Korea,US,The Bureau of Economic Analysis,the United States","originalPublishedOn":"2022-08-01T07:45:00+05:30"}},{"node":{"id":"bOdfQXLlcipq","slug":"english/gold-silver-and-other-metal-prices-on-friday-july-29-2022","slugV2":"business/gold-silver-and-other-metal-prices-on-friday-july-29-2022-712631/","title":"Gold, silver and other metal prices on Friday, July 29, 2022","postType":1,"coverMedia":"/opoyi_ccQ8Nassf.jpg","coverCaption":"10 grams of 22-carat gold is being purchased and sold at Rs 47,100 in Mumbai and Kolkata (Photo Credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-29T13:42:02+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eGold futures were trading at Rs 51,624.00 per 10 gm, up 181 points or 0.35%\u003c/li\u003e\n \u003cli\u003eSilver futures were trading at Rs 58,066.00 per kg, up 447 points or 0.78%\u003c/li\u003e\n \u003cli\u003ePlatinum was trading at $897.50 while palladium was trading at $2,070.00\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659082321986,\\\"strCount\\\":4795,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Gold prices moved up Friday as a contraction in the \u003ca href=\\\\\\\"https://opoyi.com/usa/recession-fear-grips-the-us-after-economy-shrinks-for-2nd-quarter-712363/\\\\\\\"\u003eUS economy\u003c/a\u003e boosted its safe-haven lure and\\\\nhelped extend gains driven by a less aggressive tone from the \u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-hikes-interest-rate-by-75-basis-points-to-fight-inflation-711312/\\\\\\\"\u003eFederal\\\\nReserve\u003c/a\u003e chairman. However, the metal is set for a fourth straight monthly loss,\\\\ndue to the strong performance of the greenback and rising US \u003ca href=\\\\\\\"https://opoyi.com/business/treasury-yields-slip-as-fed-chair-jerome-powell-suggests-slowing-interest-rate-hike-pace-711467/\\\\\\\"\u003ebond yields\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/to-fight-inflation-asian-economies-must-raise-rates-rapidly-imf-712542/\\\\\\\"\u003eTo fight inflation, Asian economies must raise rates rapidly: IMF\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The US economy\\\\ncontracted unexpectedly in the second quarter (April-June), increasing concerns\\\\nof an \u003ca href=\\\\\\\"https://opoyi.com/business/why-global-economy-is-not-in-recession-yet-709207/\\\\\\\"\u003eeconomic slowdown\u003c/a\u003e, which raised gold’s safe-haven allure.\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp; \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Gold prices on the\\\\nMulti Commodity Exchange (MCX) surged on Friday, July 29, 2022. Gold futures\\\\nwere trading at Rs 51,624.00 per 10 gm, up 181 points or 0.35%, in the Indian\\\\nmarket. Silver futures were trading at Rs 58,066.00 per kg, up 447 points or\\\\n0.78%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/midday-report-sensex-gains-538-points-nifty-up-169-points-712601/\\\\\\\"\u003eMidday report: Sensex gains 538 points, Nifty up 169 points\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In global markets, gold\\\\nwas priced at $1,766.47 per oz while silver was at $20.21. Platinum was trading\\\\nat $897.50 while palladium was trading at $2,070.00.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the spot market,\\\\n24-carat gold was sold at Rs 51,222 per 10 grams while silver was priced at Rs\\\\n55,972 per kg on Thursday according to the Indian Bullion and Jewellers\\\\nAssociation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/sbi-life-insurance-share-hits-new-52-week-high-after-reporting-18-rise-in-q1-net-profit-712584/\\\\\\\"\u003eSBI Life Insurance share hits new 52-week high after reporting 18% rise in Q1 net profit\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Copper futures were\\\\ntrading at Rs 646.65, up by 0.31% while Natural Gas and Aluminium futures were\\\\ntrading at Rs 650.00 and Rs 213.80 per kg respectively on MCX.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ten grams of 22-carat\\\\ngold are being purchased and sold at Rs 47,100 in \u003ca href=\\\\\\\"https://opoyi.com/topics/mumbai/\\\\\\\"\u003eMumbai\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/topics/kolkata/\\\\\\\"\u003eKolkata\u003c/a\u003e, according\\\\nto the Good Returns website. The same amount of valuable yellow metal can be\\\\npurchased for Rs 47,670 in Chennai and Rs 51,550 in New Delhi.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/apple-privacy-measures-leads-to-woes-at-meta-as-tiktok-surges-ahead-712527/\\\\\\\"\u003eApple privacy measures leads to woes at Meta as TikTok surges ahead\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 24-carat gold\\\\nprice, ten grams of this in-demand metal costs Rs 51,380 in Kolkata and Mumbai.\\\\nThe same quantity is being marketed at Rs 52,000 in Chennai and Rs 51,550 in\\\\nNew Delhi. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In \u003ca href=\\\\\\\"https://opoyi.com/topics/pune/\\\\\\\"\u003ePune\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/topics/ahmedabad/\\\\\\\"\u003eAhmedabad\u003c/a\u003e,\\\\n10 grams of 22-carat gold is being sold at Rs 47,130 and Rs 47,150,\\\\nrespectively. The same amount of 24-carat purity is being traded at Rs 51,410\\\\nin Pune and Rs 51,440 in Ahmedabad.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/fuel-price-july-29-2022-petrol-rs-10631-diesel-rs-9427-in-mumbai-712362/\\\\\\\"\u003eFuel price July 29, 2022: Petrol Rs 106.31, diesel Rs 94.27 in Mumbai\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ten grams of 22-carat\\\\ngold costs Rs 47,100 in \u003ca href=\\\\\\\"https://opoyi.com/topics/bhubaneshwar/\\\\\\\"\u003eBhubaneshwar\u003c/a\u003e, \u003ca href=\\\\\\\"https://opoyi.com/topics/kerala/\\\\\\\"\u003eKerala\u003c/a\u003e, and \u003ca href=\\\\\\\"https://opoyi.com/topics/hyderabad/\\\\\\\"\u003eHyderabad\u003c/a\u003e. The same amount is\\\\nworth Rs 47,150 in Mysore, Bengaluru, and Mangalore. Ten grams of 24-carat gold\\\\ncost Rs 51,380 in Bhubaneshwar, Kerala, and Hyderabad. While in Bengaluru,\\\\nMysore, and Mangalore, the same amount is being retailed at Rs 51,440.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ten grams of 22-carat\\\\ngold costs Rs 47,130 and Rs 47,250 in Patna and Chandigarh, respectively. The\\\\nsame amount of 24-carat purity costs Rs 51,410 in Patna and Rs 51,550 in\\\\nChandigarh.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/moscow-goes-after-big-tech-for-storing-user-data-abroad-712525/\\\\\\\"\u003eMoscow goes after Big Tech for storing user data abroad\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ten grams of 22-carat\\\\ngold costs Rs 47,670 and Rs 47,130 in Coimbatore and Vadodara, respectively.\\\\nThe same amount of 24-carat purity may be purchased and sold for Rs 52,000 in\\\\nCoimbatore and Rs 51,410 in Vadodara.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Goldprice","slug":"goldprice","id":"OctVx3EzZ2dS","isSection":0},{"name":"SilverPrice","slug":"silverprice","id":"gILwbOERvauI","isSection":0},{"name":"NewDelhi","slug":"newdelhi","id":"ZbQipZWThohh","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Markets","slug":"markets","id":"dTaX87T5pmKe","isSection":0},{"name":"Silver","slug":"silver","id":"lOlSKe73kvYN","isSection":0},{"name":"gold","slug":"gold","id":"wsF5Ohik63VD","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"Mumbai","slug":"mumbai","id":"1AypZlXpkqv3","isSection":0},{"name":"Kolkata","slug":"kolkata","id":"7ZYgoGLGBQnQ","isSection":0},{"name":"Bengaluru","slug":"bengaluru","id":"aJTNUaRJKT21","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-29T13:41:59+05:30","publisher":0,"sourceFeed":null,"cleanText":"Gold prices moved up Friday as a contraction in the US economy boosted its safe-haven lure and helped extend gains driven by a less aggressive tone from the Federal Reserve chairman. However, the metal is set for a fourth straight monthly loss, due to the strong performance of the greenback and rising US bond yields. Also Read | To fight inflation, Asian economies must raise rates rapidly: IMF,The US economy contracted unexpectedly in the second quarter (April-June), increasing concerns of an economic slowdown, which raised gold’s safe-haven allure. ,Gold prices on the Multi Commodity Exchange (MCX) surged on Friday, July 29, 2022. Gold futures were trading at Rs 51,624.00 per 10 gm, up 181 points or 0.35%, in the Indian market. Silver futures were trading at Rs 58,066.00 per kg, up 447 points or 0.78%. Also Read | Midday report: Sensex gains 538 points, Nifty up 169 points,In global markets, gold was priced at $1,766.47 per oz while silver was at $20.21. Platinum was trading at $897.50 while palladium was trading at $2,070.00. In the spot market, 24-carat gold was sold at Rs 51,222 per 10 grams while silver was priced at Rs 55,972 per kg on Thursday according to the Indian Bullion and Jewellers Association. Also Read | SBI Life Insurance share hits new 52-week high after reporting 18% rise in Q1 net profit,Copper futures were trading at Rs 646.65, up by 0.31% while Natural Gas and Aluminium futures were trading at Rs 650.00 and Rs 213.80 per kg respectively on MCX. Ten grams of 22-carat gold are being purchased and sold at Rs 47,100 in Mumbai and Kolkata, according to the Good Returns website. The same amount of valuable yellow metal can be purchased for Rs 47,670 in Chennai and Rs 51,550 in New Delhi. Also Read | Apple privacy measures leads to woes at Meta as TikTok surges ahead,The 24-carat gold price, ten grams of this in-demand metal costs Rs 51,380 in Kolkata and Mumbai. The same quantity is being marketed at Rs 52,000 in Chennai and Rs 51,550 in New Delhi. ,In Pune and Ahmedabad, 10 grams of 22-carat gold is being sold at Rs 47,130 and Rs 47,150, respectively. The same amount of 24-carat purity is being traded at Rs 51,410 in Pune and Rs 51,440 in Ahmedabad. Also Read | Fuel price July 29, 2022: Petrol Rs 106.31, diesel Rs 94.27 in Mumbai,Ten grams of 22-carat gold costs Rs 47,100 in Bhubaneshwar, Kerala, and Hyderabad. The same amount is worth Rs 47,150 in Mysore, Bengaluru, and Mangalore. Ten grams of 24-carat gold cost Rs 51,380 in Bhubaneshwar, Kerala, and Hyderabad. While in Bengaluru, Mysore, and Mangalore, the same amount is being retailed at Rs 51,440. Ten grams of 22-carat gold costs Rs 47,130 and Rs 47,250 in Patna and Chandigarh, respectively. The same amount of 24-carat purity costs Rs 51,410 in Patna and Rs 51,550 in Chandigarh. Also Read | Moscow goes after Big Tech for storing user data abroad,Ten grams of 22-carat gold costs Rs 47,670 and Rs 47,130 in Coimbatore and Vadodara, respectively. The same amount of 24-carat purity may be purchased and sold for Rs 52,000 in Coimbatore and Rs 51,410 in Vadodara.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Mumbai,Kolkata,New Delhi,Pune,Ahmedabad,Bhubaneshwar,Kerala,Hyderabad,Bengaluru,Chandigarh,Vadodara,Federal Reserve","originalPublishedOn":"2022-07-29T13:23:42+05:30"}},{"node":{"id":"vcerYR3Py5S0","slug":"english/to-fight-inflation-asian-economies-must-raise-rates-rapidly-imf","slugV2":"business/to-fight-inflation-asian-economies-must-raise-rates-rapidly-imf-712542/","title":"To fight inflation, Asian economies must raise rates rapidly: IMF","postType":1,"coverMedia":"/opoyi_mPgY01vhc.jpg","coverCaption":"The outflows had been notably high for India, which had witnessed $23 billion leaving since Russia's invasion of Ukraine. (Photo credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-29T12:40:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eInflationary pressures are increasing as a result of a global increase in food and fuel prices\u003c/li\u003e\n \u003cli\u003eMany Asian economies had seen capital outflows equivalent to those experienced in 2013\u003c/li\u003e\n \u003cli\u003eAsia's proportion of total global debt climbed from 25% prior to 38%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659075887026,\\\"strCount\\\":3727,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Many \u003ca href=\\\\\\\"https://opoyi.com/topics/asian/\\\\\\\"\u003eAsian\u003c/a\u003e \u003ca href=\\\\\\\"https://opoyi.com/topics/federalreserve/\\\\\\\"\u003ecentral banks \u003c/a\u003emust raise \u003ca href=\\\\\\\"https://opoyi.com/topics/interestrates/\\\\\\\"\u003einterest rates\u003c/a\u003e quickly because inflationary pressures are increasing as a result of a global increase in food and fuel prices induced by the \u003ca href=\\\\\\\"https://opoyi.com/topics/ukraine/\\\\\\\"\u003eUkraine\u003c/a\u003e war, said Krishna Srinivasan, director of the \u003ca href=\\\\\\\"https://opoyi.com/topics/imf/\\\\\\\"\u003eInternational Monetary Fund (IMF)\u003c/a\u003e \u003ca href=\\\\\\\"https://opoyi.com/topics/asia/\\\\\\\"\u003eAsia\u003c/a\u003e and Pacific Department.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/where-to-invest-during-high-inflation-710394/\\\\\\\"\u003eWhere to invest during high inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Asia's growing \u003ca href=\\\\\\\"https://opoyi.com/topics/inflation/\\\\\\\"\u003einflation\u003c/a\u003e pressures remain more moderate compared with other regions, but price increases in many countries have been moving above central bank targets,\\\\\\\" he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-post-pandemic-markets-have-behaved-historically-711192/\\\\\\\"\u003eHow post-pandemic markets have behaved historically\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Several economies will need to raise rates rapidly as inflation is broadening to core prices, which exclude the more volatile food and energy categories, to prevent an upward spiral of inflation expectations and wages that would later require larger hikes to address if left unchecked,\\\\\\\" he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s-711126/\\\\\\\"\u003eHow Paul Volcker tamed inflation with two recessions in 1980s\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The majority of developing Asian economies had seen capital outflows equivalent to those experienced in 2013, when global bond yields jumped in response to indications from the \u003ca href=\\\\\\\"https://opoyi.com/topics/federalreserve/\\\\\\\"\u003eUS Federal Reserve\u003c/a\u003e that it could end bond purchasing sooner than expected, according to Srinivasan.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He noted that outflows had been notably high for India, which had witnessed $23 billion leaving since \u003ca href=\\\\\\\"https://opoyi.com/topics/russia/\\\\\\\"\u003eRussia's\u003c/a\u003e invasion of \u003ca href=\\\\\\\"https://opoyi.com/topics/ukraine/\\\\\\\"\u003eUkraine\u003c/a\u003e. Economies like \u003ca href=\\\\\\\"https://opoyi.com/topics/southkorea/\\\\\\\"\u003eSouth Korea\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/topics/taiwan/\\\\\\\"\u003eTaiwan\u003c/a\u003e had also seen outflows.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In several Asian countries, where the financial situation is already fragile, tightening \u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003emonetary policies\u003c/a\u003e would make it harder to spend financially to offset the \u003ca href=\\\\\\\"https://opoyi.com/topics/pandemic/\\\\\\\"\u003epandemic's\u003c/a\u003e economic impact.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-to-survive-a-market-crash-694936/\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to Srinivasan, Asia's proportion of total global debt climbed from 25% prior to the global financial crisis to 38% post-COVID, making the region more vulnerable to changes in global financial circumstances.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-global-economy-is-not-in-recession-yet-709207/\\\\\\\"\u003eWhy global economy is not in recession yet\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"To combat any significant outflow of funds, certain Asian governments may need to use measures such as \u003ca href=\\\\\\\"https://opoyi.com/topics/forex/\\\\\\\"\u003eforeign exchange\u003c/a\u003e interventions and capital controls, he added.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"IMF","slug":"imf","id":"HagnF01J4NI4","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Forex","slug":"forex","id":"RljaSYLZDBMy","isSection":0},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Asian","slug":"asian","id":"nmNTdCK1480o","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"SouthKorea","slug":"southkorea","id":"Z7hepHTfkPbB","isSection":0},{"name":"Taiwan","slug":"taiwan","id":"AmHZqT1DMin1","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-29T12:40:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Many Asian central banks must raise interest rates quickly because inflationary pressures are increasing as a result of a global increase in food and fuel prices induced by the Ukraine war, said Krishna Srinivasan, director of the International Monetary Fund (IMF) Asia and Pacific Department. Also Read| Where to invest during high inflation?,Asia's growing inflation pressures remain more moderate compared with other regions, but price increases in many countries have been moving above central bank targets, he added. Also Read| How post-pandemic markets have behaved historically,Several economies will need to raise rates rapidly as inflation is broadening to core prices, which exclude the more volatile food and energy categories, to prevent an upward spiral of inflation expectations and wages that would later require larger hikes to address if left unchecked, he said. Also Read| How Paul Volcker tamed inflation with two recessions in 1980s,The majority of developing Asian economies had seen capital outflows equivalent to those experienced in 2013, when global bond yields jumped in response to indications from the US Federal Reserve that it could end bond purchasing sooner than expected, according to Srinivasan. Also Read| The 2008 market crash: Inside the doomsday machine and a brief history,He noted that outflows had been notably high for India, which had witnessed $23 billion leaving since Russia's invasion of Ukraine. Economies like South Korea and Taiwan had also seen outflows. Also Read| Harshad Mehta scam: How Big Bull shook the Indian stock market,In several Asian countries, where the financial situation is already fragile, tightening monetary policies would make it harder to spend financially to offset the pandemic's economic impact. Also Read| How to survive a market crash,According to Srinivasan, Asia's proportion of total global debt climbed from 25% prior to the global financial crisis to 38% post-COVID, making the region more vulnerable to changes in global financial circumstances. Also Read| Why global economy is not in recession yet,To combat any significant outflow of funds, certain Asian governments may need to use measures such as foreign exchange interventions and capital controls, he added.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Asian,Asia,Ukraine,Krishna Srinivasan,the International Monetary Fund,Pacific Department,the US Federal Reserve,India,Russia,South Korea,Taiwan","originalPublishedOn":"2022-07-29T12:40:00+05:30"}},{"node":{"id":"bAHmzVSqcP2l","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-thursday-11","slugV2":"business/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-thursday-11-712148/","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turns red in early trade on Thursday","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T20:50:07+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eNasdaq Composite was 108.91 points or 0.91% down to 11,923.52\u003c/li\u003e\n \u003cli\u003eFederal Reserve raised its key short-term interest rate by 0.75 percentage points\u003c/li\u003e\n \u003cli\u003eMeta Platforms said its quarterly revenue fell for the first time ever\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659021607801,\\\"strCount\\\":2940,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks fell marginally in early trade on Thursday as investors reacted to news that the \u003ca href=\\\\\\\"https://opoyi.com/business/us-economy-not-in-recession-says-fed-chair-jerome-powell-711451/\\\\\\\"\u003eUS\u003c/a\u003e economy shrank for the second straight quarter, sharply raising concerns that the US economy is already in or is heading towards a \u003ca href=\\\\\\\"https://opoyi.com/business/why-global-economy-is-not-in-recession-yet-709207/\\\\\\\"\u003erecession\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 was down 20.48 points or 0.51% to 4,003.13 as of 10.10 am Eastern time. The Dow Jones Industrial Average fell 141 points or 0.44% to 32,056.59. The technology-heavy Nasdaq Composite was 108.91 points or 0.91% down to 11,923.52.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/mega-millions-jackpot-a-look-at-top-5-lottery-prizes-ever-won-so-far-712048/\\\\\\\"\u003eMega Millions jackpot: A look at top 5 lottery prizes ever won so far\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The US economy contracted from April through June, shrinking at a 0.9% annual rate. On Thursday, the Commerce Department reported a decline in the gross domestic product (GDP), the broadcast gauge of the economy, followed by a 1.6% annual drop from January through March. The consecutive quarter of falling GDP constitutes an informal, though not definitive, an indicator of a recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/us-primaries-arizona-gop-candidates-who-will-test-donald-trumps-clout-711750/\\\\\\\"\u003eUS primaries: Arizona GOP candidates who will test Donald Trump's clout\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The GDP report for the last quarter showed weakness across the economy. Consumer spending slowed as Americans bought only necessary goods. Business investments also declined. Inventories fell as business slowed their restocking of shelves, shedding 2 percentage points from GDP.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eWhy is the US Fed Reserve hiking interest rates?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-hikes-interest-rate-by-75-basis-points-to-fight-inflation-711312/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e is trying to control inflation without tipping the US economy into a recession. On Wednesday, the central bank raised its key short-term interest rate by 0.75 percentage points. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/social/\\\\\\\"\u003eSocial\u003c/a\u003e media giant Meta Platforms’ shares fell 8% after it said its giant said its revenue fell last quarter for the first time ever, dragged down by a decline in ad spending.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s-711126/\\\\\\\"\u003eHow Paul Volcker tamed inflation with two recessions in 1980s\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Spirit Airlines shares gained 3%. JetBlue said it agreed to acquire the budget airline for $3.8 billion to create the nation's fifth largest airline. The acquisition is subject to regulatory approvals. The agreement comes a day after shareholders rejected Spirit's proposal to merge with Frontier Airlines.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"Meta","slug":"meta","id":"Cb4BlMHMuRsq","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T20:50:04+05:30","publisher":0,"sourceFeed":null,"cleanText":"Stocks fell marginally in early trade on Thursday as investors reacted to news that the US economy shrank for the second straight quarter, sharply raising concerns that the US economy is already in or is heading towards a recession. The S\u0026P 500 was down 20.48 points or 0.51% to 4,003.13 as of 10.10 am Eastern time. The Dow Jones Industrial Average fell 141 points or 0.44% to 32,056.59. The technology-heavy Nasdaq Composite was 108.91 points or 0.91% down to 11,923.52. Also Read | Mega Millions jackpot: A look at top 5 lottery prizes ever won so far,The US economy contracted from April through June, shrinking at a 0.9% annual rate. On Thursday, the Commerce Department reported a decline in the gross domestic product (GDP), the broadcast gauge of the economy, followed by a 1.6% annual drop from January through March. The consecutive quarter of falling GDP constitutes an informal, though not definitive, an indicator of a recession. Also Read | US primaries: Arizona GOP candidates who will test Donald Trump's clout,The GDP report for the last quarter showed weakness across the economy. Consumer spending slowed as Americans bought only necessary goods. Business investments also declined. Inventories fell as business slowed their restocking of shelves, shedding 2 percentage points from GDP. Also Read | Why is the US Fed Reserve hiking interest rates?,The Federal Reserve is trying to control inflation without tipping the US economy into a recession. On Wednesday, the central bank raised its key short-term interest rate by 0.75 percentage points. ,Social media giant Meta Platforms’ shares fell 8% after it said its giant said its revenue fell last quarter for the first time ever, dragged down by a decline in ad spending. Also Read | How Paul Volcker tamed inflation with two recessions in 1980s,Spirit Airlines shares gained 3%. JetBlue said it agreed to acquire the budget airline for $3.8 billion to create the nation's fifth largest airline. The acquisition is subject to regulatory approvals. The agreement comes a day after shareholders rejected Spirit's proposal to merge with Frontier Airlines.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"US,the Commerce Department,Americans,The Federal Reserve,Social,Spirit Airlines,JetBlue,Frontier Airlines","originalPublishedOn":"2022-07-28T20:50:04+05:30"}},{"node":{"id":"JEjKP0Nm2VAZ","slug":"english/how-to-survive-a-market-crash","slugV2":"business/how-to-survive-a-market-crash-694936/","title":"How to survive a market crash","postType":1,"coverMedia":"/opoyi_L4TCh_ddD.jpg","coverCaption":"A market crash is a dramatic, unexpected collapse in stock values induced by a multitude of circumstances. (Photo credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T11:09:45+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe recession will begin in the United States in the fourth quarter of this year\u003c/li\u003e\n \u003cli\u003eThe consumer inflation in the United States reached a four-decade high\u003c/li\u003e\n \u003cli\u003eGas, food, and most other products and services all increased in price in May\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658986785221,\\\"strCount\\\":4582,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/inflation\\\\\\\"\u003eInflation\u003c/a\u003e has reached a 40-year high. The value of stocks is declining. Borrowing is becoming substantially more expensive as a result of the Federal Reserve's policies. In fact, the economy decreased in the first three months of this year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Consumer inflation in the \u003ca href=\\\\\\\"https://opoyi.com/topic/unitedstates\\\\\\\"\u003eUnited States\u003c/a\u003e reached a four-decade high in May, climbing 8.6% year on year. The numbers came in substantially higher than consensus forecasts of 8.3%. This was enough to frighten US markets, which plunged to their lowest level in months.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/great-depression-to-covid-top-5-market-crashes-in-american-history\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Gas, food, and most other products and services all increased in price in May, pushing inflation to a record four-decade high and leaving \u003ca href=\\\\\\\"https://opoyi.com/topic/american\\\\\\\"\u003eAmerican\u003c/a\u003e households with little relief from mounting expenses.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to Nomura, a recession will begin in the United States in the fourth quarter of this year and will be prolonged but moderate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/united-states-on-brink-of-recession-say-analysts-white-house-still-hopeful\\\\\\\"\u003eUnited States on brink of recession, say analysts; White House still hopeful\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Given the sticky inflation, despite growth slowdown and recession, the (Fed’s) rate cut will come fairly late,” said Sonal Varma, Managing Director and Chief Economist at Nomura.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Therefore, we are expecting the recession (in the US) to be fairly prolonged, but because consumer balance sheets are strong, the recession will be milder,” she added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Crash and downturns are natural occurrences in the financial world, and the only way of losing money during a market collapse is to liquidate your investments. If history is any indication, one's investments will recover their losses over time.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A market crash is a dramatic, unexpected collapse in stock values induced by a multitude of circumstances. There is no universal definition of what defines a crash.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/impact-of-us-feds-biggest-rate-hike-since-1994-on-india\\\\\\\"\u003eImpact of US Feds' biggest rate hike since 1994 on India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, there are steps you can take to secure your finances in times of turbulence and uncertainty.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Toxic debt is defined as any debt with an interest rate greater than 8%. Because the stock market has historically returned an annual rate of 8-10%, any debt more than that is debt that costs you money.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-interest-rates-are-being-hiked-globally\\\\\\\"\u003eWhy interest rates are being hiked globally?\u003c/a\u003e\u003ca href=\\\\\\\"https://opoyi.com/english/uk-inflation-rate-hits-new-40-year-high-all-you-need-to-know\\\\\\\"\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Frequently included in this group are high-interest credit cards and personal loans. Create a spending plan and a repayment strategy to handle hazardous debt. This will assist you in gaining control of your finances and building your credit. It will also put you in a strong position to create an emergency fund if you haven't already.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/wall-street-enters-bear-market-what-does-it-mean-for-investors\\\\\\\"\u003eWall Street enters bear market: What does it mean for investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Buying a new TV or automobile during a period of economic turmoil may not be the best time. In the event of a recession, it's important to have your money visible: in a fully-funded emergency fund and, if possible, invested.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investing is a terrific next step once you've made sure your ducks are in a row, i.e. your high-interest debt is paid off and your emergency fund is completely loaded. Many investors look for opportunities to purchase when equities are \\\\\\\"on sale.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-bitcoin-price-and-inflation-are-co-related\\\\\\\"\u003eHow Bitcoin price and inflation are co-related\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investing is appropriate for all ages. And the earlier you begin investing, the better.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"To establish a strong financial portfolio, experts recommend diversifying your assets and dispersing your money across many companies.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When the market begins to fall, the best approach to deal with is to keep to your strategy, remember why you're investing, and stick to your systematic investment schedule.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"American","slug":"american","id":"NZFYoh1gkc1s","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T11:09:43+05:30","publisher":0,"sourceFeed":null,"cleanText":"Inflation has reached a 40-year high. The value of stocks is declining. Borrowing is becoming substantially more expensive as a result of the Federal Reserve's policies. In fact, the economy decreased in the first three months of this year. Consumer inflation in the United States reached a four-decade high in May, climbing 8.6% year on year. The numbers came in substantially higher than consensus forecasts of 8.3%. This was enough to frighten US markets, which plunged to their lowest level in months. Also Read| Great Depression to COVID: Top 5 market crashes in American history,Gas, food, and most other products and services all increased in price in May, pushing inflation to a record four-decade high and leaving American households with little relief from mounting expenses. According to Nomura, a recession will begin in the United States in the fourth quarter of this year and will be prolonged but moderate. Also Read| United States on brink of recession, say analysts; White House still hopeful,“Given the sticky inflation, despite growth slowdown and recession, the (Fed’s) rate cut will come fairly late,” said Sonal Varma, Managing Director and Chief Economist at Nomura. “Therefore, we are expecting the recession (in the US) to be fairly prolonged, but because consumer balance sheets are strong, the recession will be milder,” she added. Also Read| US inflation rate at a 40-year high | A timeline: 1930-2022,Crash and downturns are natural occurrences in the financial world, and the only way of losing money during a market collapse is to liquidate your investments. If history is any indication, one's investments will recover their losses over time. A market crash is a dramatic, unexpected collapse in stock values induced by a multitude of circumstances. There is no universal definition of what defines a crash. Also Read| Impact of US Feds' biggest rate hike since 1994 on India,However, there are steps you can take to secure your finances in times of turbulence and uncertainty. Toxic debt is defined as any debt with an interest rate greater than 8%. Because the stock market has historically returned an annual rate of 8-10%, any debt more than that is debt that costs you money. ,Also Read| Why interest rates are being hiked globally?,Frequently included in this group are high-interest credit cards and personal loans. Create a spending plan and a repayment strategy to handle hazardous debt. This will assist you in gaining control of your finances and building your credit. It will also put you in a strong position to create an emergency fund if you haven't already. Also Read| Wall Street enters bear market: What does it mean for investors,Buying a new TV or automobile during a period of economic turmoil may not be the best time. In the event of a recession, it's important to have your money visible: in a fully-funded emergency fund and, if possible, invested. Investing is a terrific next step once you've made sure your ducks are in a row, i.e. your high-interest debt is paid off and your emergency fund is completely loaded. Many investors look for opportunities to purchase when equities are on sale. Also Read| How Bitcoin price and inflation are co-related,Investing is appropriate for all ages. And the earlier you begin investing, the better. To establish a strong financial portfolio, experts recommend diversifying your assets and dispersing your money across many companies. When the market begins to fall, the best approach to deal with is to keep to your strategy, remember why you're investing, and stick to your systematic investment schedule.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"the United States,Nomura,the Federal Reserve's,American,Fed,Sonal Varma","originalPublishedOn":"2022-07-06T15:20:00+05:30"}},{"node":{"id":"R1ulJb7n4tyE","slug":"english/why-global-economy-is-not-in-recession-yet","slugV2":"business/why-global-economy-is-not-in-recession-yet-709207/","title":"Why global economy is not in recession yet","postType":1,"coverMedia":"/opoyi_8Ubqzh6qn.jpg","coverCaption":"About four-fifths of the central banks around the world have hiked interest rates by an average of 1.5 percentage points this year (Photo Credit: Representational/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T06:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe potential effects of monetary tightening are main cause of recession concerns\u003c/li\u003e\n \u003cli\u003eThe commodity prices skyrocketed following Russia's invasion of Ukraine,\u0026nbsp;\u003c/li\u003e\n \u003cli\u003eThe US Fed is anticipated to hike rates for the fourth time in the upcoming meeting\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658954234096,\\\"strCount\\\":7918,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A lot of variables have combined in the last 18 months to produce a deadly cocktail for the global economy. The US over-stimulated its economy in reaction to the \u003ca href=\\\\\\\"https://opoyi.com/topic/covid19\\\\\\\"\u003eCOVID-19\u003c/a\u003e pandemic, causing \u003ca href=\\\\\\\"https://opoyi.com/english/us-inflation-hit-91-in-june-highest-in-40-years\\\\\\\"\u003einflation\u003c/a\u003e not just within its borders but also beyond them, as consumers' insatiable desire for commodities clogged the world's supply systems.\u0026nbsp;China's efforts to contain the COVID-19 pandemic worsen these issues.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-big-tech-mergers-are-bad-news-for-everyday-consumers\\\\\\\"\u003eWhy Big Tech mergers are bad news for everyday consumers\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Following Russia's invasion of \u003ca href=\\\\\\\"https://opoyi.com/english/nearly-15000-russians-killed-in-ukraine-war-so-far-says-united-states-intelligence\\\\\\\"\u003eUkraine\u003c/a\u003e, commodity prices skyrocketed. In reaction to the resulting inflation, about four-fifths of the central banks around the world have hiked interest rates by an average of 1.5 percentage points this year, prompting stock markets to plummet. After a meeting that concludes on July 27th, the \u003ca href=\\\\\\\"https://opoyi.com/english/federal-reserve-hikes-rate-75bps-highest-since-1994\\\\\\\"\u003eFederal Reserve\u003c/a\u003e is anticipated to hike rates for the fourth time this cycle, by three-quarters of a percentage point.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/what-is-the-difference-between-wpi-and-cpi\\\\\\\"\u003eWhat is the difference between WPI and CPI?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On July 14th, Steven Blitz of TS Lombard, an investment-research firm, anticipated a recession in the world's largest economy this year, a day after Bank of \u003ca href=\\\\\\\"https://opoyi.com/topic/america\\\\\\\"\u003eAmerica\u003c/a\u003e issued the same prediction. Another bank, Goldman Sachs, believes Germany's GDP dropped in the second quarter and would do so again in the third. \u003ca href=\\\\\\\"https://opoyi.com/topic/google\\\\\\\"\u003eGoogle\u003c/a\u003e searches for \\\\\\\"recession\\\\\\\" among Americans are at an all-time high.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The main cause of recession concerns is worry over the potential effects of monetary tightening. Wage rise in the developed world is far too rapid in comparison to productivity growth. However, there is a chance that increased prices will simply put an end to the celebration rather than make it raucous.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/japans-inflation-remains-above-central-banks-2-target\\\\\\\"\u003eJapan's inflation remains above central bank's 2% target\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In this aspect, history is not promising. Since 1955, just three times have interest rates in America risen as much as they are predicted to this year: 1973, 1979, and 1981. Within six months, each case had a recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Since the heady days of mid-2021, when COVID restrictions were being swiftly relaxed and excitement about the future was building, the economies of the rich world, which make up about 60% of the global GDP, have unquestionably declined. Goldman Sachs develops a \\\\\\\"current activity indicator,\\\\\\\" which is a high-frequency gauge of economic health based on various surveys and data.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-ready-to-spend-up-to-100-billion-more-to-protect-rupee-report\\\\\\\"\u003eRBI ready to spend up to $100 billion more to protect rupee: report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The gauge has noticeably slowed in recent weeks. Nicolas Woloszko of the Organization for Economic Cooperation and Development has created a measure of weekly GDP using Google search data. He notices that the wealthy world's GDP has been weakening in recent weeks. Surveys of companies in the eurozone and America issued on July 22nd by data source Standard \u0026amp; Poor Global made for depressing reading, with manufacturers more pessimistic than at any time since the pandemic's start.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rupee-hits-all-time-low-of-80-why-is-it-falling\\\\\\\"\u003eRupee hits all-time low of 80; why is it falling?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It appears too soon to call a recession, even if, as some predict, America's statisticians report on July 28th that the world's largest economy declined for the second quarter in a row between April and June. By one standard definition, this qualifies as a recession, but it fails the Smell Test. Even though the economy's underlying performance was robust, a series of one-time events caused the American GDP to contract in the first quarter. Furthermore, it would be early for the Fed's tightening to have had an impact.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/what-is-insolvency-and-bankruptcy-code-amendment-bill-2021\\\\\\\"\u003eWhat is Insolvency and Bankruptcy Code (Amendment) Bill 2021?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Governments throughout the world are also distributing funds to assist the poor deal with soaring energy prices. Governments in the eurozone are boosting the economy by the equivalent of approximately 1% of GDP. \u003ca href=\\\\\\\"https://opoyi.com/topic/britain\\\\\\\"\u003eBritain\u003c/a\u003e is withdrawing budgetary support given during the pandemic, which is slowing GDP, but it is still providing subsidies to poor households.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-to-survive-a-market-crash\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The slowdown in investment has historically played a significant role in economic crises: in recession time for the G7 group of major economies since the 1980s, declining capital spending has accounted for over half of the fall in total GDP in negative quarters. According to JP Morgan statistics for America, the eurozone, and \u003ca href=\\\\\\\"https://opoyi.com/topic/japan\\\\\\\"\u003eJapan\u003c/a\u003e, investment data has decreased this time, although not catastrophically.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Capital investment increased dramatically in late 2021 and early 2022, as companies invested heavily in remote-working technologies and strengthened supply lines. Some companies now fear they have overinvested in additional supply capacity. Others want to save money.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-come-down\\\\\\\"\u003eWhy US inflation is going up and when will it come down\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to Oxford Economics' examination of survey data, financial markets, credit conditions, and corporate liquidity, investment in the G7 might fall at an annualised rate of roughly 0.5% in the second half of this year. That is unfavourable, but not sufficient to initiate a recession on its own. Investment decreases have been steeper in previous recessions, for instance.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, positive economic statistics can only provide confidence when investors' primary concern is monetary tightening. Currently, it appears that any report can transmit terrible news regarding a recession. Weak data confirms that a slump is on the way. Strong indicators, especially wage increases, show that central banks are unable to slow things down, necessitating additional tightening, which might lead to a recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Even if economists are faced with a mass of data, an old lesson—that recessions are difficult to identify in real-time might still be relevant. The National Bureau of Economic Research dates the start of America's slump related to the global financial crisis to December 2007. However, the Fed's staff believed the economy was still expanding at a 2% annual rate in August 2008.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/impact-of-us-feds-biggest-rate-hike-since-1994-on-india\\\\\\\"\u003eImpact of US Feds' biggest rate hike since 1994 on India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The IMF stated that a severe recession was \\\\\\\"not necessarily\\\\\\\" coming to America even after Lehman Brothers collapsed later in the year. Understanding the economy is difficult even in the best of circumstances; this time, the post-lockdown economy has been full of shocks. Nobody could have expected that labour shortages would arise last year, or that inflation would worsen in 2022.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Japan","slug":"japan","id":"anJhzDRc6xxB","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Technology","slug":"technology","id":"v6bHEgqIl262","isSection":1},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"Europe","slug":"europe","id":"v2KXw3fOql0S","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"GoldmanSachs","slug":"goldmansachs","id":"BO8iR25KvGkA","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"BankOfAmerica","slug":"bankofamerica","id":"Dti0qsoQpIWI","isSection":0},{"name":"Germany","slug":"germany","id":"OAY7kVupDf3P","isSection":0},{"name":"Covid","slug":"covid","id":"jtkufHpdTfkm","isSection":0},{"name":"Google","slug":"google","id":"Cqu95TUqjxLY","isSection":0},{"name":"Britain","slug":"britain","id":"xnjqZ4BkgTWS","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T06:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"A lot of variables have combined in the last 18 months to produce a deadly cocktail for the global economy. The US over-stimulated its economy in reaction to the COVID-19 pandemic, causing inflation not just within its borders but also beyond them, as consumers' insatiable desire for commodities clogged the world's supply systems. China's efforts to contain the COVID-19 pandemic worsen these issues. Also Read | Why Big Tech mergers are bad news for everyday consumers,Following Russia's invasion of Ukraine, commodity prices skyrocketed. In reaction to the resulting inflation, about four-fifths of the central banks around the world have hiked interest rates by an average of 1.5 percentage points this year, prompting stock markets to plummet. After a meeting that concludes on July 27th, the Federal Reserve is anticipated to hike rates for the fourth time this cycle, by three-quarters of a percentage point. Also Read | What is the difference between WPI and CPI?,On July 14th, Steven Blitz of TS Lombard, an investment-research firm, anticipated a recession in the world's largest economy this year, a day after Bank of America issued the same prediction. Another bank, Goldman Sachs, believes Germany's GDP dropped in the second quarter and would do so again in the third. Google searches for recession among Americans are at an all-time high. The main cause of recession concerns is worry over the potential effects of monetary tightening. Wage rise in the developed world is far too rapid in comparison to productivity growth. However, there is a chance that increased prices will simply put an end to the celebration rather than make it raucous. Also Read | Japan's inflation remains above central bank's 2% target,In this aspect, history is not promising. Since 1955, just three times have interest rates in America risen as much as they are predicted to this year: 1973, 1979, and 1981. Within six months, each case had a recession. Since the heady days of mid-2021, when COVID restrictions were being swiftly relaxed and excitement about the future was building, the economies of the rich world, which make up about 60% of the global GDP, have unquestionably declined. Goldman Sachs develops a current activity indicator, which is a high-frequency gauge of economic health based on various surveys and data. Also Read | RBI ready to spend up to $100 billion more to protect rupee: report,The gauge has noticeably slowed in recent weeks. Nicolas Woloszko of the Organization for Economic Cooperation and Development has created a measure of weekly GDP using Google search data. He notices that the wealthy world's GDP has been weakening in recent weeks. Surveys of companies in the eurozone and America issued on July 22nd by data source Standard \u0026 Poor Global made for depressing reading, with manufacturers more pessimistic than at any time since the pandemic's start. Also Read | Rupee hits all-time low of 80; why is it falling?,It appears too soon to call a recession, even if, as some predict, America's statisticians report on July 28th that the world's largest economy declined for the second quarter in a row between April and June. By one standard definition, this qualifies as a recession, but it fails the Smell Test. Even though the economy's underlying performance was robust, a series of one-time events caused the American GDP to contract in the first quarter. Furthermore, it would be early for the Fed's tightening to have had an impact. Also Read | What is Insolvency and Bankruptcy Code (Amendment) Bill 2021?,Governments throughout the world are also distributing funds to assist the poor deal with soaring energy prices. Governments in the eurozone are boosting the economy by the equivalent of approximately 1% of GDP. Britain is withdrawing budgetary support given during the pandemic, which is slowing GDP, but it is still providing subsidies to poor households. Also Read | How to survive a market crash,The slowdown in investment has historically played a significant role in economic crises: in recession time for the G7 group of major economies since the 1980s, declining capital spending has accounted for over half of the fall in total GDP in negative quarters. According to JP Morgan statistics for America, the eurozone, and Japan, investment data has decreased this time, although not catastrophically. Capital investment increased dramatically in late 2021 and early 2022, as companies invested heavily in remote-working technologies and strengthened supply lines. Some companies now fear they have overinvested in additional supply capacity. Others want to save money. Also Read | Why US inflation is going up and when will it come down,According to Oxford Economics' examination of survey data, financial markets, credit conditions, and corporate liquidity, investment in the G7 might fall at an annualised rate of roughly 0.5% in the second half of this year. That is unfavourable, but not sufficient to initiate a recession on its own. Investment decreases have been steeper in previous recessions, for instance. However, positive economic statistics can only provide confidence when investors' primary concern is monetary tightening. Currently, it appears that any report can transmit terrible news regarding a recession. Weak data confirms that a slump is on the way. Strong indicators, especially wage increases, show that central banks are unable to slow things down, necessitating additional tightening, which might lead to a recession. Also Read | US inflation rate at a 40-year high | A timeline: 1930-2022,Even if economists are faced with a mass of data, an old lesson—that recessions are difficult to identify in real-time might still be relevant. The National Bureau of Economic Research dates the start of America's slump related to the global financial crisis to December 2007. However, the Fed's staff believed the economy was still expanding at a 2% annual rate in August 2008. Also Read | Impact of US Feds' biggest rate hike since 1994 on India,The IMF stated that a severe recession was not necessarily coming to America even after Lehman Brothers collapsed later in the year. Understanding the economy is difficult even in the best of circumstances; this time, the post-lockdown economy has been full of shocks. Nobody could have expected that labour shortages would arise last year, or that inflation would worsen in 2022.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Goldman Sachs,Fed,US,Russia,Ukraine,the Federal Reserve,COVID,Bank of America,Germany,the Organization for Economic Cooperation and Development,Google,OECD, Economy, Global Economy, Recession, US recession, US economy, China, COVID 19,Fed meeting,Business","originalPublishedOn":"2022-07-25T15:23:34+05:30"}},{"node":{"id":"RXZMrBAV0O9g","slug":"english/what-us-housing-market-entering-a-recession-means","slugV2":"business/what-us-housing-market-entering-a-recession-means-711205/","title":"What US housing market entering a recession means","postType":1,"coverMedia":"/opoyi_LJGUVllIu.jpg","coverCaption":"Over the last two years, investors have rushed into the US housing market. (Photo credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T05:20:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe recession worries come at a time when home prices are at an all-time high\u003c/li\u003e\n \u003cli\u003eThe CPI in the United States increased by 9.1% in June\u003c/li\u003e\n \u003cli\u003eIt was the biggest yearly rise in more than 40 years\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658953904371,\\\"strCount\\\":6675,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/federalreserve/\\\\\\\"\u003eFederal Reserve’s\u003c/a\u003e aggressive stance to contain high \u003ca href=\\\\\\\"https://opoyi.com/topics/inflation/\\\\\\\"\u003einflation\u003c/a\u003e has left many experts concerned that the country has entered a \u003ca href=\\\\\\\"https://opoyi.com/topics/recession/\\\\\\\"\u003erecession\u003c/a\u003e. These worries come at a time when \u003ca href=\\\\\\\"https://opoyi.com/topics/realestate/\\\\\\\"\u003ehome prices\u003c/a\u003e are at an all-time high and mortgage rates are rising, prompting buyers to consider whether they should buy now or wait to see whether home prices fall as a result of the recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/is-it-better-to-invest-in-real-estate-during-surging-inflation-711166/\\\\\\\"\u003eIs it better to invest in real estate during surging inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eConsumer Price Index (CPI)\u003c/a\u003e in the \u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-hit-91-in-june-highest-in-40-years-700349/\\\\\\\"\u003eUnited States\u003c/a\u003e increased by 9.1% in June, according to the Labor Department. It was the \u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003ebiggest yearly rise in more than 40 years\u003c/a\u003e, and it exceeded many forecasts for the month. The Fed has hiked its federal funds rate to combat inflation and plans to keep doing so in the future. Mortgage rates rise indirectly as a result of such measures.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to Fortune, homebuilders broke ground on 982,000 single-family houses in June. This is a 19% decrease from February and a 16% decrease from the same month in 2021. While there is hardly a \\\\\\\"blowout,\\\\\\\" it is evident that builders are pulling back. Traditionally, this is exactly what follows when a housing cycle turns over: As existing housing inventory, against which builders compete, begins to rise, homebuilders begin to cut down.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s-711126/\\\\\\\"\u003eHow Paul Volcker tamed inflation with two recessions in 1980s\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Peak euphoria is behind \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eus\u003c/a\u003e. We are giving back some of the euphoria [home] pricing that was rolling over every housing market,\\\\\\\" says Rick Palacios Jr., head of research at John Burns Real Estate Consulting.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Existing housing inventory will continue to expand, but new home construction will decline. That is, at least, the opinion of John Burns Real Estate Advisory, which provides consulting services to both investors and builders. As it does so, the continued housing recession may cause house values in hot regional housing markets to fall.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to Palacios, several frothy markets are on the verge of price decreases in both 2023 and 2024. Phoenix, \u003ca href=\\\\\\\"https://opoyi.com/topics/nashville/\\\\\\\"\u003eNashville\u003c/a\u003e, West Palm Beach, Las Vegas, and \u003ca href=\\\\\\\"https://opoyi.com/topics/austin/\\\\\\\"\u003eAustin\u003c/a\u003e are among the markets included. In Boise, Palacios believes housing values might fall year over year as early as December.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Builders are deciding to not pour slabs in certain markets. Which is the technical trigger for a start for a home. In certain markets, it will feel like a housing bust. Soon after mortgage rates spiked this spring, the housing market slipped into a housing correction,\\\\\\\" Palacios says.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Moody's Analytics predicts that property prices in significantly \\\\\\\"overvalued\\\\\\\" housing cities such as Boise and Austin will decline by 5% to 10% in the coming year. Moody's Analytics predicts that year-over-year house price increase will be 0% nationwide. However, if a recession occurs, Moody's Analytics expects that highly \\\\\\\"overvalued\\\\\\\" housing markets would see home values fall by 15% to 20%, while countrywide home prices will decline by roughly 5%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Over the last two years, investors have rushed into the US housing market. Small participants included Airbnb hosts and mom-and-pop landlords.\u0026nbsp;There were also institutional investors like Blackstone and iBuyer players such as Zillow. Hot real estate markets may be found throughout the Mountain West, Southwest, and Southeast.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Federal Reserve switched from quantitative easing (purchasing bonds) to quantitative tightening earlier this year (selling bonds). Financial markets immediately increased both 10-year Treasury and mortgage rates. That's exactly what the Fed wanted: if mortgage rates climbed, the Pandemic Housing Boom, which fueled rising inflation, would come to an end.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"I'd say if you are a homebuyer, somebody or a young person looking to buy a home, you need a bit of a reset. We need to get back to a place where supply and demand are back together and where inflation is down low again, and mortgage rates are low again,\\\\\\\" Fed Chair Jerome Powell told reporters in June.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-to-survive-a-market-crash-694936/\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"That Fed housing \\\\\\\"reset,\\\\\\\" according to Palacios, truly implies \\\\\\\"falling house prices.\\\\\\\" While the Fed did not specifically say it, Palacios believes that is exactly what will happen next.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to Palacios, the continuous housing slump, combined with a determined Fed, is the perfect equation for a recession. Usually, Fed-induced recessions begin in rate-sensitive areas such as housing. This is how it generally works. Mortgage rate increases soon translate into fewer house sales. Then inventory soars and homebuilders cut back. Following that, demand for commodities and durable items will diminish. Unsurprisingly, a housing slowdown also results in job losses.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eWhy is the US Fed Reserve hiking interest rates?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The lesson learned in reading Paul Volcker's piece, that’s where the Fed messed up in the 1970s. If you have this red light green light mentality around inflation, then you’re going to allow the psychology of inflation to get out in front of you... If you listen to the Fed over the last month or so, that's what they’re so freaked out about,\\\\\\\" Palacios says.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"RealEstate","slug":"realestate","id":"UWxcjvR1ESr1","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Austin","slug":"austin","id":"9eP0qWuQu6bx","isSection":0},{"name":"nashville","slug":"nashville","id":"AHaWrgFPPxxc","isSection":0},{"name":"LasVegas","slug":"lasvegas","id":"g2KDX9kZwmnD","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T05:20:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Federal Reserve’s aggressive stance to contain high inflation has left many experts concerned that the country has entered a recession. These worries come at a time when home prices are at an all-time high and mortgage rates are rising, prompting buyers to consider whether they should buy now or wait to see whether home prices fall as a result of the recession. Also Read| Is it better to invest in real estate during surging inflation?,The Consumer Price Index (CPI) in the United States increased by 9.1% in June, according to the Labor Department. It was the biggest yearly rise in more than 40 years, and it exceeded many forecasts for the month. The Fed has hiked its federal funds rate to combat inflation and plans to keep doing so in the future. Mortgage rates rise indirectly as a result of such measures. According to Fortune, homebuilders broke ground on 982,000 single-family houses in June. This is a 19% decrease from February and a 16% decrease from the same month in 2021. While there is hardly a blowout, it is evident that builders are pulling back. Traditionally, this is exactly what follows when a housing cycle turns over: As existing housing inventory, against which builders compete, begins to rise, homebuilders begin to cut down. Also Read| How Paul Volcker tamed inflation with two recessions in 1980s,Peak euphoria is behind us. We are giving back some of the euphoria [home] pricing that was rolling over every housing market, says Rick Palacios Jr. head of research at John Burns Real Estate Consulting. Existing housing inventory will continue to expand, but new home construction will decline. That is, at least, the opinion of John Burns Real Estate Advisory, which provides consulting services to both investors and builders. As it does so, the continued housing recession may cause house values in hot regional housing markets to fall. Also Read| The 2008 market crash: Inside the doomsday machine and a brief history,According to Palacios, several frothy markets are on the verge of price decreases in both 2023 and 2024. Phoenix, Nashville, West Palm Beach, Las Vegas, and Austin are among the markets included. In Boise, Palacios believes housing values might fall year over year as early as December. Builders are deciding to not pour slabs in certain markets. Which is the technical trigger for a start for a home. In certain markets, it will feel like a housing bust. Soon after mortgage rates spiked this spring, the housing market slipped into a housing correction, Palacios says. Also Read| Great Depression to COVID: Top 5 market crashes in American history,Moody's Analytics predicts that property prices in significantly overvalued housing cities such as Boise and Austin will decline by 5% to 10% in the coming year. Moody's Analytics predicts that year-over-year house price increase will be 0% nationwide. However, if a recession occurs, Moody's Analytics expects that highly overvalued housing markets would see home values fall by 15% to 20%, while countrywide home prices will decline by roughly 5%. Over the last two years, investors have rushed into the US housing market. Small participants included Airbnb hosts and mom-and-pop landlords. There were also institutional investors like Blackstone and iBuyer players such as Zillow. Hot real estate markets may be found throughout the Mountain West, Southwest, and Southeast. Also Read | US inflation rate at a 40-year high | A timeline: 1930-2022,The Federal Reserve switched from quantitative easing (purchasing bonds) to quantitative tightening earlier this year (selling bonds). Financial markets immediately increased both 10-year Treasury and mortgage rates. That's exactly what the Fed wanted: if mortgage rates climbed, the Pandemic Housing Boom, which fueled rising inflation, would come to an end. I'd say if you are a homebuyer, somebody or a young person looking to buy a home, you need a bit of a reset. We need to get back to a place where supply and demand are back together and where inflation is down low again, and mortgage rates are low again, Fed Chair Jerome Powell told reporters in June. Also Read| How to survive a market crash,That Fed housing reset, according to Palacios, truly implies falling house prices. While the Fed did not specifically say it, Palacios believes that is exactly what will happen next. According to Palacios, the continuous housing slump, combined with a determined Fed, is the perfect equation for a recession. Usually, Fed-induced recessions begin in rate-sensitive areas such as housing. This is how it generally works. Mortgage rate increases soon translate into fewer house sales. Then inventory soars and homebuilders cut back. Following that, demand for commodities and durable items will diminish. Unsurprisingly, a housing slowdown also results in job losses. Also Read| Why is the US Fed Reserve hiking interest rates?,The lesson learned in reading Paul Volcker's piece, that’s where the Fed messed up in the 1970s. If you have this red light green light mentality around inflation, then you’re going to allow the psychology of inflation to get out in front of you... If you listen to the Fed over the last month or so, that's what they’re so freaked out about, Palacios says.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,Palacios,Moody's Analytics,The Federal Reserve,Austin,Boise,the United States,the Labor Department,Rick Palacios Jr.,John Burns Real Estate Consulting,John Burns Real Estate Advisory,Phoenix,Nashville,West Palm Beach,Las Vegas","originalPublishedOn":"2022-07-27T20:50:00+05:30"}},{"node":{"id":"n5K2Ds8CqK12","slug":"english/why-us-inflation-is-going-up-and-when-will-it-come-down","slugV2":"business/why-us-inflation-is-going-up-and-when-will-it-come-down-438404/","title":"Why US inflation is going up and when will it come down","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_ajGKWZewU.jpg","coverCaption":"This year, many economists expect inflation to remain considerably above the Fed's 2% annual target. (Photo Credit: Representational Image/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T04:40:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eInflation jumped 1.3% from May to June, up from 1.1% from February to March in US\u003c/li\u003e\n \u003cli\u003eCPI surged by 9.1% from a year ago in June, the largest increase since December 1981\u003c/li\u003e\n \u003cli\u003eFederal Reserve is expected to hike key interest rate by 0.75%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658953843294,\\\"strCount\\\":5522,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/inflation\\\\\\\"\u003eInflation\u003c/a\u003e in the \u003ca href=\\\\\\\"https://opoyi.com/topic/unitedstates\\\\\\\"\u003eUnited States\u003c/a\u003e has surged at its fastest rate in more than 40 years, with rising costs for food, fuel, housing, and other essentials squeezing \u003ca href=\\\\\\\"https://opoyi.com/topic/american\\\\\\\"\u003eAmerican\u003c/a\u003e consumers and wiping out pay raises for many.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Labor Department report showed that its \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003econsumer price index\u003c/a\u003e increased by 9.1% from a year ago in June, the largest year-over-year increase since December 1981.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/cpi-inflation-soars-sharply-to-17-month-high-of-695-in-march\\\\\\\"\u003eCPI Inflation soars sharply to 17-month high of 6.95% in March\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Prices have risen due to bottlenecked supply chains, strong consumer demand, and global food and energy market disruptions exacerbated by Russia's war in \u003ca href=\\\\\\\"https://opoyi.com/topic/ukraine\\\\\\\"\u003eUkraine\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation jumped 1.3% from May to June, up from 1.1% from February to March, according to the government's statistics.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The June inflation figures were the first to reflect the higher gasoline prices, food and shelter costs. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-monetary-policy-10-year-bond-yield-surpasses-7-for-the-first-time-since-2019\\\\\\\"\u003eRBI monetary policy: 10-year bond yield surpasses 7% for the first time since 2019\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Federal Reserve never expected such severe and long-term inflation. The Fed's policymakers forecasted in December 2020 that consumer inflation would remain below its 2% annual target and conclude 2021 at roughly 1.8%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"High inflation, which had been relegated to the background for decades, resurfaced with a vengeance last year. The government's consumer price index was only 1.7% higher in February 2021 than it was a year earlier.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The year-over-year growth then picked up at 2.6% in March, 4.2% in April, 5% in May, and 5.4% in June. By October, the rate had risen to 6.2%, 6.8% in November, 7% in December and 8.8% in May.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/we-need-1-increase-of-rates-says-uday-kotak-on-rbi-policy\\\\\\\"\u003e'We need 1% increase of rates' says Uday Kotak on RBI policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhy has inflation spiked so aggressively?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When the pandemic crippled the economy in the spring of 2020, lockdowns were implemented, businesses closed or reduced hours, and customers stayed at home as a health precaution, employers cut a staggering 22 million jobs. In the April-June quarter of 2020, economic output fell at a record-breaking 31% annual rate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The introduction of vaccines had encouraged people to return to restaurants, bars, shops, airports, and entertainment places by the spring of last year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/federal-reserve-likely-to-take-aggressive-action-to-curb-inflation-in-us\\\\\\\"\u003eFederal Reserve likely to take aggressive action to curb inflation in US\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Costs increased as demand increased and supplies decreased. They couldn't fill job opportunities quickly enough, and they couldn't acquire enough materials to keep up with customer demand. As business picked up, ports and freight yards couldn't keep up with the demand. Global supply chains were clogged.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"People criticized President Joe Biden's $1.9 trillion coronavirus relief programme, which included $1,400 checks for most households, in part for scorching an economy that was already overheated.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Many others claimed that the Fed kept rates around zero for far too long, allowing reckless spending and inflated stock, house, and other asset prices to flourish.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/inflation-in-19-countries-using-euro-currency-soars-to-record-75\\\\\\\"\u003eInflation in 19 countries using euro currency soars to record 7.5%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhen will it get back to normal?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Consumer price inflation may continue to rise as long as businesses struggle to meet consumer demand for products and services. Because the employment market is improving, companies added a record 6.7 million jobs last year and 560,000 jobs each month so far this year meaning that Americans may continue to indulge in everything from lawn furniture to electronics.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"This year, many economists expect inflation to remain considerably above the Fed's 2% annual target.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/inflation-gauge-sets-40-year-high-as-food-and-gas-prices-surge\\\\\\\"\u003eInflation gauge sets 40-year high as food and gas prices surge\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, relief from rising prices may be on the way. At least in some industries, clogged supply chains are beginning to show indications of improvement. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed's shift away from easy money policies and toward anti-inflationary policies may diminish consumer demand in the long run. There will be no \u003ca href=\\\\\\\"https://opoyi.com/topic/covid\\\\\\\"\u003eCOVID\u003c/a\u003e relief cheques from \u003ca href=\\\\\\\"https://opoyi.com/topic/washington\\\\\\\"\u003eWashington\u003c/a\u003e this year, as there were last year.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/ukraines-economy-to-shrink-by-20-russias-by-10-in-2022-report\\\\\\\"\u003eUkraines' economy to shrink by 20%, Russias' by 10% in 2022: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation is weakening purchasing power and may cause some people to cut back on their spending.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"New COVID variations, on the other hand, might cast a pall over the situation, either by triggering outbreaks that compel industries and ports to close, further disrupting supply chains, or by keeping people at home, limiting demand for commodities.\\\"}}]}","relatedPosts":null,"location":{"name":"New York, NY, USA"},"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"JoeBiden","slug":"joebiden","id":"tLOXw4T5mTfp","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"Washington","slug":"washington","id":"Fqv5l2w7tKCw","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"American","slug":"american","id":"NZFYoh1gkc1s","isSection":0},{"name":"Covid","slug":"covid","id":"jtkufHpdTfkm","isSection":0},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T04:40:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Inflation in the United States has surged at its fastest rate in more than 40 years, with rising costs for food, fuel, housing, and other essentials squeezing American consumers and wiping out pay raises for many. The Labor Department report showed that its consumer price index increased by 9.1% from a year ago in June, the largest year-over-year increase since December 1981. Also Read| CPI Inflation soars sharply to 17-month high of 6.95% in March,Prices have risen due to bottlenecked supply chains, strong consumer demand, and global food and energy market disruptions exacerbated by Russia's war in Ukraine. Inflation jumped 1.3% from May to June, up from 1.1% from February to March, according to the government's statistics. The June inflation figures were the first to reflect the higher gasoline prices, food and shelter costs. ,Also Read| RBI monetary policy: 10-year bond yield surpasses 7% for the first time since 2019,The Federal Reserve never expected such severe and long-term inflation. The Fed's policymakers forecasted in December 2020 that consumer inflation would remain below its 2% annual target and conclude 2021 at roughly 1.8%. High inflation, which had been relegated to the background for decades, resurfaced with a vengeance last year. The government's consumer price index was only 1.7% higher in February 2021 than it was a year earlier. The year-over-year growth then picked up at 2.6% in March, 4.2% in April, 5% in May, and 5.4% in June. By October, the rate had risen to 6.2%, 6.8% in November, 7% in December and 8.8% in May. Also Read| 'We need 1% increase of rates' says Uday Kotak on RBI policy,Why has inflation spiked so aggressively?,When the pandemic crippled the economy in the spring of 2020, lockdowns were implemented, businesses closed or reduced hours, and customers stayed at home as a health precaution, employers cut a staggering 22 million jobs. In the April-June quarter of 2020, economic output fell at a record-breaking 31% annual rate. The introduction of vaccines had encouraged people to return to restaurants, bars, shops, airports, and entertainment places by the spring of last year. Also Read| Federal Reserve likely to take aggressive action to curb inflation in US,Costs increased as demand increased and supplies decreased. They couldn't fill job opportunities quickly enough, and they couldn't acquire enough materials to keep up with customer demand. As business picked up, ports and freight yards couldn't keep up with the demand. Global supply chains were clogged. People criticized President Joe Biden's $1.9 trillion coronavirus relief programme, which included $1,400 checks for most households, in part for scorching an economy that was already overheated. ,Many others claimed that the Fed kept rates around zero for far too long, allowing reckless spending and inflated stock, house, and other asset prices to flourish. Also Read| Inflation in 19 countries using euro currency soars to record 7.5%,When will it get back to normal?,Consumer price inflation may continue to rise as long as businesses struggle to meet consumer demand for products and services. Because the employment market is improving, companies added a record 6.7 million jobs last year and 560,000 jobs each month so far this year meaning that Americans may continue to indulge in everything from lawn furniture to electronics. This year, many economists expect inflation to remain considerably above the Fed's 2% annual target. Also Read| Inflation gauge sets 40-year high as food and gas prices surge,However, relief from rising prices may be on the way. At least in some industries, clogged supply chains are beginning to show indications of improvement. ,The Fed's shift away from easy money policies and toward anti-inflationary policies may diminish consumer demand in the long run. There will be no COVID relief cheques from Washington this year, as there were last year. ,Also Read| Ukraines' economy to shrink by 20%, Russias' by 10% in 2022: Report,Inflation is weakening purchasing power and may cause some people to cut back on their spending. New COVID variations, on the other hand, might cast a pall over the situation, either by triggering outbreaks that compel industries and ports to close, further disrupting supply chains, or by keeping people at home, limiting demand for commodities.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"40.7128","longitude":"-74.006","name":"New York, NY, USA","city":"New York City"},"keywords":"Fed,Russia,Ukraine,the United States,American,The Labor Department,The Federal Reserve,Joe Biden,Americans,COVID,Washington","originalPublishedOn":"2022-04-13T11:45:00+05:30"}},{"node":{"id":"PSzKsruaBbBx","slug":"english/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022","slugV2":"business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/","title":"US inflation rate at a 40-year high | A timeline: 1930-2022","postType":1,"coverMedia":"/opoyi_JvBTT3TgP.jpg","coverCaption":"When inflation becomes uncontrollable, everyone feels poorer. (Photo credit: Representational/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T04:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eInflation reached 9.1% in June 2022 in the United States\u003c/li\u003e\n \u003cli\u003eInflation affects household budgets and long-term inflation means that costs will rise\u003c/li\u003e\n \u003cli\u003eIt represents an economy's pace and causes it to drive forward\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658953800448,\\\"strCount\\\":8114,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/inflation\\\\\\\"\u003eInflation\u003c/a\u003e in the United States is at a 40-year high, but the country is not alone. Price increases occur all throughout the world. According to a Deutsche Bank analysis of 111 nations' inflation rates, the United States is towards the centre of the pack. The median rate of year-over-year inflation across these nations has more than doubled from 3.0% last year, owing mostly to rising energy and food prices.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/us-inflation-hit-91-in-june-highest-in-40-years\\\\\\\"\u003eUS inflation hits 9.1% in June, highest in 40 years\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation represents an economy's pace and causes it to drive forward at full speed, often uncontrolled, resulting in price increases and a greater cost of living for the average consumer.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-elon-musks-trigger-happy-twitter-ways-land-him-in-more-boil\\\\\\\"\u003eHow Elon Musk's trigger-happy Twitter ways land him in more boil\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation affects household budgets and long-term inflation means that costs will rise and that over time, a certain amount of funds will buy you significantly less. Wages tend to rise organically during inflation to compensate for this, because inflation is a result of increased demand, implying economic expansion, but individuals on fixed incomes, such as pensioners, are out of luck in this instance. When inflation becomes uncontrollable, everyone feels poorer.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/i2u2-summit-indias-role-in-the-new-grouping\\\\\\\"\u003eI2U2 summit: India’s role in the new grouping\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"embed\\\",\\\"data\\\":{\\\"service\\\":\\\"iframe\\\",\\\"source\\\":\\\"\u003cdiv class=\\\\\\\"iframe-embed\\\\\\\"\u003e\u003ciframe title=\\\\\\\"US inflation rate 1930-2022\\\\\\\" aria-label=\\\\\\\"Column Chart\\\\\\\" id=\\\\\\\"datawrapper-chart-oAjFk\\\\\\\" src=\\\\\\\"https://datawrapper.dwcdn.net/oAjFk/1/\\\\\\\" scrolling=\\\\\\\"no\\\\\\\" frameborder=\\\\\\\"0\\\\\\\" style=\\\\\\\"width: 0; min-width: 100% !important; border: none;\\\\\\\" height=\\\\\\\"1080\\\\\\\"\u003e\u003c/iframe\u003e\u003cscript type=\\\\\\\"text/javascript\\\\\\\"\u003e!function(){\\\\\\\"use strict\\\\\\\";window.addEventListener(\\\\\\\"message\\\\\\\",(function(e){if(void 0!==e.data[\\\\\\\"datawrapper-height\\\\\\\"]){var t=document.querySelectorAll(\\\\\\\"iframe\\\\\\\");for(var a in e.data[\\\\\\\"datawrapper-height\\\\\\\"])for(var r=0;r\u003ct.length;r++){if(t[r].contentWindow===e.source)t[r].style.height=e.data[\\\\\\\"datawrapper-height\\\\\\\"][a]+\\\\\\\"px\\\\\\\"}}}))}();\\\\n\u003c/script\u003e\u003c/div\u003e\\\",\\\"embed\\\":\\\"\u003cdiv class=\\\\\\\"iframe-embed\\\\\\\"\u003e\u003ciframe title=\\\\\\\"US inflation rate 1930-2022\\\\\\\" aria-label=\\\\\\\"Column Chart\\\\\\\" id=\\\\\\\"datawrapper-chart-oAjFk\\\\\\\" src=\\\\\\\"https://datawrapper.dwcdn.net/oAjFk/1/\\\\\\\" scrolling=\\\\\\\"no\\\\\\\" frameborder=\\\\\\\"0\\\\\\\" style=\\\\\\\"width: 0; min-width: 100% !important; border: none;\\\\\\\" height=\\\\\\\"1080\\\\\\\"\u003e\u003c/iframe\u003e\u003cscript type=\\\\\\\"text/javascript\\\\\\\"\u003e!function(){\\\\\\\"use strict\\\\\\\";window.addEventListener(\\\\\\\"message\\\\\\\",(function(e){if(void 0!==e.data[\\\\\\\"datawrapper-height\\\\\\\"]){var t=document.querySelectorAll(\\\\\\\"iframe\\\\\\\");for(var a in e.data[\\\\\\\"datawrapper-height\\\\\\\"])for(var r=0;r\u003ct.length;r++){if(t[r].contentWindow===e.source)t[r].style.height=e.data[\\\\\\\"datawrapper-height\\\\\\\"][a]+\\\\\\\"px\\\\\\\"}}}))}();\\\\n\u003c/script\u003e\u003c/div\u003e\\\",\\\"caption\\\":\\\"\\\",\\\"aspectRatio\\\":null}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eLet's take a look at the rate of inflation in the United States from 1930 to 2022:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e1930-1940\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Prices climbed the most between 1933 and 1941, despite output being far below forecast. The impact of devaluation and altered expectations alone cannot account for this inflation. Rather, because prewar price fluctuations were heavily influenced by the rate of expansion of real output, the extremely rapid growth after 1933 was a major contributor to inflation. Simultaneously, the NIRA reduced the normal deviation-from-trend impact by supporting minimum wages and collusive pricing structures. The convergence of these dynamics resulted in inflation at a period when the \u003ca href=\\\\\\\"https://opoyi.com/topic/us\\\\\\\"\u003eUS\u003c/a\u003e economy remained weak.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-interest-rates-are-being-hiked-globally\\\\\\\"\u003eWhy interest rates are being hiked globally?\u003c/a\u003e\u003ca href=\\\\\\\"https://opoyi.com/english/uk-inflation-rate-hits-new-40-year-high-all-you-need-to-know\\\\\\\"\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e1940-1950\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The possibility of inflation loomed much bigger during WWII, as the government deficit soared from around 3% of GDP in 1939 to about 27% of GDP in 1943. To combat inflation, the federal government began abolishing free-market pricing on products in limited supply in the early 1940s.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/impact-of-us-feds-biggest-rate-hike-since-1994-on-india\\\\\\\"\u003eImpact of US Feds' biggest rate hike since 1994 on India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e1950-1960\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation spiked sharply in the economy before to the Korean War. The 1950s experienced good GDP growth, low inflation, and low unemployment even after the war and recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-is-i2u2-is-being-called-quad-of-the-west\\\\\\\"\u003eWhy is I2U2 is being called 'Quad of the west'?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e1960-1970\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation was somewhat more than 1% per year throughout the 1960s. Over the six years prior, it had resided in this area. Inflation began to rise in the mid-1960s, eventually reaching more than 5% in 1970.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/boulevard-of-broken-deals-the-musk-twitter-saga-so-far\\\\\\\"\u003eBoulevard of broken deals: The Musk-Twitter saga so far\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e1970-1980\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation in the United States reached some of its highest levels in the 1970s. As a result, interest rates surged to almost 20%. High inflation was caused by Fed policies, the removal of the gold window, Keynesian economic policy, and market psychology. The American central bank's easy money measures were intended to achieve full employment by the early 1970s. However, they also led to significant inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/who-is-the-founder-of-bitcoin-and-why-is-his-identity-shrouded-in-mystery\\\\\\\"\u003eWho is the founder of Bitcoin and why is his identity shrouded in mystery?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e1980-1990\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The world was in a severe recession when the 1980s started, and there was a lot of inflation and unemployment in the United States. In January 1980, the inflation rate was 13.91%, while the unemployment rate was 6.3%. In April 1980, inflation reached 14.76% before falling to 6.51%. \u0026nbsp; By December 1989, unemployment had fallen to 5.4% and inflation had sharply lowered to 4.65%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/elon-musks-twitter-takeover-a-complete-timeline-of-events\\\\\\\"\u003eElon Musk's Twitter takeover: A complete timeline of events\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e1990-2000\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A mild recession began in 1990 after the Federal Reserve had been gradually hiking interest rates for more than two years to keep inflation under control. These actions delayed the economy, which subsequently suffered when \u003ca href=\\\\\\\"https://opoyi.com/topic/iraq\\\\\\\"\u003eIraq\u003c/a\u003e invaded \u003ca href=\\\\\\\"https://opoyi.com/topic/kuwait\\\\\\\"\u003eKuwait\u003c/a\u003e in the summer of 1990 (followed by US involvement and the Gulf War), causing global oil prices to more than double. With a 1.1% decline in GDP and an approximate 7% unemployment rate, the recession only lasted eight months.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-calm-down\\\\\\\"\u003eWhy US inflation is going up and when will it come down\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e2000-2010\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The bursting of the dot-com bubble led to one of the mildest recessions on record, following what was then the lengthiest economic boom in US history. \u0026nbsp; In early 1999, the Fed hiked the fed funds rate from 4.75% to 6.5% by July 2000. The September 11 attacks and the resulting economic disruptions may have expedited the conclusion of the recession by persuading the Fed to continue decreasing the fed funds rate. Midway through 2003, the benchmark rate fell to 1%. Between 2007 and 2009, a nationwide decline in U.S. housing prices prompted a global financial crisis, a stock market bear market that saw the S\u0026amp;P 500 fall 57% at its lows, and the worst economic slump since the 1937-38 recession. Global investment into the United States had maintained market rates low, perhaps promoting shady mortgage underwriting and mortgage-backed securities marketing tactics. By mid-2008, oil prices had reached all-time highs before plummeting, devastating the US oil sector.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-the-impact-of-bond-yield-on-markets-and-investors\\\\\\\"\u003eExplained: The impact of bond yields on markets and investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e2010-2020\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The COVID-19 pandemic arrived in the United States in March 2020, and the following travel and work restrictions led employment to collapse, resulting in an exceptionally brief but intense recession. The unemployment rate rose from 3.5% in February 2020 to 14.7% in April 2020 before falling to 4% by the end of 2021, limited by $5 trillion in pandemic relief expenditures. The stock market dropped 34% yet recovered its high in 33 days, an unusually quick reversal.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-changes-in-repo-rates-and-their-impact-on-stock-market\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e2020-2022\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the United States, inflation reached 9.1% in 2022. Many of the factors driving inflation last year, such as supply interruptions from Covid and increased food costs as a result of severe storms and drought, were not unique to the United States. The cause for soaring inflation was increased demand, which was fueled by the unprecedented $5 trillion (£4.1 trillion) in expenditure authorised by the US government to safeguard households and businesses from the economic catastrophe of the pandemic.\\\"}}]}","relatedPosts":null,"location":{"name":"Washington D.C., DC, USA"},"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"WorldWarII","slug":"worldwarii","id":"6FyDk1bfl0p4","isSection":0},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"CrudeOil","slug":"crudeoil","id":"CDdTHmgoFn2O","isSection":0},{"name":"Covid","slug":"covid","id":"jtkufHpdTfkm","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"Iraq","slug":"iraq","id":"KvRSVHGAyqn5","isSection":0},{"name":"Kuwait","slug":"kuwait","id":"8U0reOTHY8so","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T04:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Inflation in the United States is at a 40-year high, but the country is not alone. Price increases occur all throughout the world. According to a Deutsche Bank analysis of 111 nations' inflation rates, the United States is towards the centre of the pack. The median rate of year-over-year inflation across these nations has more than doubled from 3.0% last year, owing mostly to rising energy and food prices. Also Read| US inflation hits 9.1% in June, highest in 40 years,Inflation represents an economy's pace and causes it to drive forward at full speed, often uncontrolled, resulting in price increases and a greater cost of living for the average consumer. Also Read | How Elon Musk's trigger-happy Twitter ways land him in more boil,Inflation affects household budgets and long-term inflation means that costs will rise and that over time, a certain amount of funds will buy you significantly less. Wages tend to rise organically during inflation to compensate for this, because inflation is a result of increased demand, implying economic expansion, but individuals on fixed incomes, such as pensioners, are out of luck in this instance. When inflation becomes uncontrollable, everyone feels poorer. Also Read| I2U2 summit: India’s role in the new grouping,Let's take a look at the rate of inflation in the United States from 1930 to 2022:,1930-1940,Prices climbed the most between 1933 and 1941, despite output being far below forecast. The impact of devaluation and altered expectations alone cannot account for this inflation. Rather, because prewar price fluctuations were heavily influenced by the rate of expansion of real output, the extremely rapid growth after 1933 was a major contributor to inflation. Simultaneously, the NIRA reduced the normal deviation-from-trend impact by supporting minimum wages and collusive pricing structures. The convergence of these dynamics resulted in inflation at a period when the US economy remained weak. Also Read| Why interest rates are being hiked globally?,1940-1950,The possibility of inflation loomed much bigger during WWII, as the government deficit soared from around 3% of GDP in 1939 to about 27% of GDP in 1943. To combat inflation, the federal government began abolishing free-market pricing on products in limited supply in the early 1940s. Also Read| Impact of US Feds' biggest rate hike since 1994 on India,1950-1960,Inflation spiked sharply in the economy before to the Korean War. The 1950s experienced good GDP growth, low inflation, and low unemployment even after the war and recession. Also Read| Why is I2U2 is being called 'Quad of the west'?,1960-1970,Inflation was somewhat more than 1% per year throughout the 1960s. Over the six years prior, it had resided in this area. Inflation began to rise in the mid-1960s, eventually reaching more than 5% in 1970. Also Read| Boulevard of broken deals: The Musk-Twitter saga so far,1970-1980,Inflation in the United States reached some of its highest levels in the 1970s. As a result, interest rates surged to almost 20%. High inflation was caused by Fed policies, the removal of the gold window, Keynesian economic policy, and market psychology. The American central bank's easy money measures were intended to achieve full employment by the early 1970s. However, they also led to significant inflation. Also Read| Who is the founder of Bitcoin and why is his identity shrouded in mystery?,1980-1990,The world was in a severe recession when the 1980s started, and there was a lot of inflation and unemployment in the United States. In January 1980, the inflation rate was 13.91%, while the unemployment rate was 6.3%. In April 1980, inflation reached 14.76% before falling to 6.51%. By December 1989, unemployment had fallen to 5.4% and inflation had sharply lowered to 4.65%. Also Read| Elon Musk's Twitter takeover: A complete timeline of events,1990-2000,A mild recession began in 1990 after the Federal Reserve had been gradually hiking interest rates for more than two years to keep inflation under control. These actions delayed the economy, which subsequently suffered when Iraq invaded Kuwait in the summer of 1990 (followed by US involvement and the Gulf War), causing global oil prices to more than double. With a 1.1% decline in GDP and an approximate 7% unemployment rate, the recession only lasted eight months. Also Read| Why US inflation is going up and when will it come down,2000-2010,The bursting of the dot-com bubble led to one of the mildest recessions on record, following what was then the lengthiest economic boom in US history. In early 1999, the Fed hiked the fed funds rate from 4.75% to 6.5% by July 2000. The September 11 attacks and the resulting economic disruptions may have expedited the conclusion of the recession by persuading the Fed to continue decreasing the fed funds rate. Midway through 2003, the benchmark rate fell to 1%. Between 2007 and 2009, a nationwide decline in U.S. housing prices prompted a global financial crisis, a stock market bear market that saw the S\u0026P 500 fall 57% at its lows, and the worst economic slump since the 1937-38 recession. Global investment into the United States had maintained market rates low, perhaps promoting shady mortgage underwriting and mortgage-backed securities marketing tactics. By mid-2008, oil prices had reached all-time highs before plummeting, devastating the US oil sector. ,Also Read| Explained: The impact of bond yields on markets and investors,2010-2020,The COVID-19 pandemic arrived in the United States in March 2020, and the following travel and work restrictions led employment to collapse, resulting in an exceptionally brief but intense recession. The unemployment rate rose from 3.5% in February 2020 to 14.7% in April 2020 before falling to 4% by the end of 2021, limited by $5 trillion in pandemic relief expenditures. The stock market dropped 34% yet recovered its high in 33 days, an unusually quick reversal. Also Read| Explained: Changes in repo rates and their impact on stock market,2020-2022,In the United States, inflation reached 9.1% in 2022. Many of the factors driving inflation last year, such as supply interruptions from Covid and increased food costs as a result of severe storms and drought, were not unique to the United States. The cause for soaring inflation was increased demand, which was fueled by the unprecedented $5 trillion (£4.1 trillion) in expenditure authorised by the US government to safeguard households and businesses from the economic catastrophe of the pandemic.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"38.9072","longitude":"-77.0369","name":"Washington D.C., DC, USA","city":"Washington"},"keywords":"the United States,US,Fed,Deutsche Bank,NIRA,WWII,the Korean War,The American central bank's,the Federal Reserve,Iraq,Kuwait,the Gulf War,U.S.","originalPublishedOn":"2022-07-04T15:45:00+05:30"}},{"node":{"id":"e01DMbVXEAAt","slug":"english/fed-rate-hike-sees-us-stocks-jump-while-tech-shares-surge","slugV2":"business/fed-rate-hike-sees-us-stocks-jump-while-tech-shares-surge-711523/","title":"Fed rate hike sees US stocks jump while tech shares surge","postType":1,"coverMedia":"/opoyi_577jYuarg.jpg","coverCaption":"Fed chair Jerome Powell. (Photo Credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T03:33:18+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eTech companies saw shares surge in the stock market\u0026nbsp;\u003c/li\u003e\n \u003cli\u003eInvestors welcomed the interest rate hike\u0026nbsp;\u003c/li\u003e\n \u003cli\u003eThe Federal Reserve is trying to fight inflation in this manner\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658959398161,\\\"strCount\\\":5902,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Technology companies led a broad rally for stocks on \u003ca href=\\\\\\\"https://opoyi.com/world/stocks-slump-on-wall-street-as-oil-inflation-worries-rise-145553/\\\\\\\"\u003eWall Street\u003c/a\u003e Wednesday as investors welcomed another \u003ca href=\\\\\\\"https://opoyi.com/india/why-interest-rates-are-being-hiked-globally-192693/\\\\\\\"\u003einterest rate hike\u003c/a\u003e by the \u003ca href=\\\\\\\"https://opoyi.com/usa/why-us-federal-reserves-policy-stance-may-be-working-517392/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e as sign the central bank is ratcheting up its campaign to fight surging inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In a widely expected move, the central bank raised its key interest rate by three-quarters of a point, lifting the rate to the highest level since 2018.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"At a news conference, Chair Jerome Powell suggested the Fed's rate hikes have already had some success in slowing the economy and possibly easing inflationary pressures. Some on Wall Street saw that as a signal the Fed may not have to raise rates as aggressively in coming months, triggering a rally in the final hour of regular trading.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 climbed 2.6% and the tech-heavy Nasdaq surged 4.1%, its biggest gain in over two years. The Dow Jones Industrial Average rose 1.4%. Smaller company stocks also gained, lifting the Russell 2000 2.4% higher.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bond yields turned broadly lower following the Fed's announcement. The two-year Treasury yield, which tends to move with expectations for the Fed, fell to 2.98% from 3.06% late Tuesday. The 10-year yield, which influences mortgage rates, fell to 2.77% from 2.79%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rate increases like Wednesday's, the fourth so far this year, make borrowing more expensive and slow the economy. The hope is that the Fed and other central banks can deftly find the middle ground where the economy slows enough to whip inflation but not enough to cause a recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“The Fed raised rates by the expected 75 basis points but recognized that the economy is softening while the job market remains strong,” said Jay Hatfield, CEO of Infrastructure Capital Advisors. “The statement is slightly dovish and is bolstering the tech-led stock rally that started this morning.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Some Wall Street analysts were less optimistic that the Fed may opt for more moderate rate hikes from here, especially since inflation has accelerated to 9.1%, the fastest annual pace in 41 years.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Charlie Ripley, senior investment strategist at Allianz Investment Management, called the hike “warranted.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/business/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s-711126/\\\\\\\"\u003eHow Paul Volcker tamed inflation with two recessions in 1980s\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“That being said, recent economic data is now introducing a higher degree of uncertainty around the path of policy as we move forward from here,\\\\\\\" Ripley said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In a note Wednesday, analysts at Citi said that while Powell mentioned that a slowdown in hikes would be appropriate at some point, exactly when that might be remains undetermined, adding that they “would not view this as a particularly dovish comment.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“We continue to expect core inflation to push the Fed to hike more aggressively than they or markets anticipate,” the analysts wrote, noting they expect the Fed will announce another three-quarter point increase at its September policy meeting, with further rate hikes continuing into early 2023.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 rose 102.56 points to 4,023.61. The Dow gained 436.05 points to close at 32,197.59. The Nasdaq rose 469.85 points to 12,032.42, and the Russell 2000 picked up 43.09 points to end at 1,848.34. The indexes are now all on pace for a weekly gain, extending Wall Street's strong July rally. The S\u0026amp;P 500 is up 6.3% so far this month.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It's not uncommon for stocks to rally when the Fed issues a new interest rate policy statement, only to sell-off the next day.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks have been choppy this week following solid gains last week that were mainly fueled by better-than-expected reports on corporate profits.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation remains at the forefront of investors’ minds, however. Markets were spooked Monday after retail giant Walmart warned that its profits are being hurt by rising prices for food and gas, which are forcing shoppers to cut back on more profitable discretionary items such as clothing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The retailer’s profit warning in the middle of the quarter was rare and raised worries about how the highest inflation in 40 years is affecting the entire retail sector.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Meanwhile, some parts of the economy are already slowing because as the Fed has raised rates, particularly the housing industry. Sales of previously occupied U.S. homes slowed in June for the fifth month in a row as mortgage rates have climbed sharply this year. Expectations of higher overall rates has pushed up the 10-year Treasury yield, which influences rates on home loans.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors kept an eye on the latest batch of corporate earnings reports Wednesday, including strong earnings from Google's owner Alphabet and Microsoft.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shares in Microsoft and Google parent Alphabet rose 6.7% and 7.7%, respectively, after their latest quarterly reports. Boeing shares rose 0.1% after the aerospace company reported it delivered more planes in the first quarter than it has since the start of the pandemic.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/business/how-post-pandemic-markets-have-behaved-historically-711192/\\\\\\\"\u003eHow post-pandemic markets have behaved historically\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Technology and communication services stocks accounted for a big share of the S\u0026amp;P 500′s gains. Nvidia rose 7.6% and Netflix added 6%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Retailers, restaurant chains and other companies that rely on direct consumer spending also helped lift the market. Chipotle Mexican Grill jumped 14.7% after the restaurant chain reported second-quarter earnings that beat analysts’ forecasts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Spotify Technology vaulted 12.2% after the music streaming service reported monthly active user and premium subscriber numbers that exceeded the Street’s expectations.\\\"}}]}","relatedPosts":null,"location":{"name":"New York, NY, USA"},"createdBy":{"name":"Shuvrajit Das Biswas","photo":"https://opoyi.com/images/opoyi_qZHZQaZRe.jpg?tr=w-600,q-70,dpr","username":"shuvrajit","id":"rq7gYqKJkLkE","role":null},"topics":[{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"StockExchange","slug":"stockexchange","id":"OH9GDHEEbwFC","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"AP","id":"8dFR8PhLJl4s","username":"associatedpress","role":8,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T03:33:17+05:30","publisher":0,"sourceFeed":null,"cleanText":"Technology companies led a broad rally for stocks on Wall Street Wednesday as investors welcomed another interest rate hike by the Federal Reserve as sign the central bank is ratcheting up its campaign to fight surging inflation. In a widely expected move, the central bank raised its key interest rate by three-quarters of a point, lifting the rate to the highest level since 2018. At a news conference, Chair Jerome Powell suggested the Fed's rate hikes have already had some success in slowing the economy and possibly easing inflationary pressures. Some on Wall Street saw that as a signal the Fed may not have to raise rates as aggressively in coming months, triggering a rally in the final hour of regular trading. The S\u0026P 500 climbed 2.6% and the tech-heavy Nasdaq surged 4.1%, its biggest gain in over two years. The Dow Jones Industrial Average rose 1.4%. Smaller company stocks also gained, lifting the Russell 2000 2.4% higher. Bond yields turned broadly lower following the Fed's announcement. The two-year Treasury yield, which tends to move with expectations for the Fed, fell to 2.98% from 3.06% late Tuesday. The 10-year yield, which influences mortgage rates, fell to 2.77% from 2.79%. Rate increases like Wednesday's, the fourth so far this year, make borrowing more expensive and slow the economy. The hope is that the Fed and other central banks can deftly find the middle ground where the economy slows enough to whip inflation but not enough to cause a recession. “The Fed raised rates by the expected 75 basis points but recognized that the economy is softening while the job market remains strong,” said Jay Hatfield, CEO of Infrastructure Capital Advisors. “The statement is slightly dovish and is bolstering the tech-led stock rally that started this morning.”,Some Wall Street analysts were less optimistic that the Fed may opt for more moderate rate hikes from here, especially since inflation has accelerated to 9.1%, the fastest annual pace in 41 years. Charlie Ripley, senior investment strategist at Allianz Investment Management, called the hike “warranted.”,Also Read | How Paul Volcker tamed inflation with two recessions in 1980s,“That being said, recent economic data is now introducing a higher degree of uncertainty around the path of policy as we move forward from here, Ripley said. In a note Wednesday, analysts at Citi said that while Powell mentioned that a slowdown in hikes would be appropriate at some point, exactly when that might be remains undetermined, adding that they “would not view this as a particularly dovish comment.”,“We continue to expect core inflation to push the Fed to hike more aggressively than they or markets anticipate,” the analysts wrote, noting they expect the Fed will announce another three-quarter point increase at its September policy meeting, with further rate hikes continuing into early 2023. The S\u0026P 500 rose 102.56 points to 4,023.61. The Dow gained 436.05 points to close at 32,197.59. The Nasdaq rose 469.85 points to 12,032.42, and the Russell 2000 picked up 43.09 points to end at 1,848.34. The indexes are now all on pace for a weekly gain, extending Wall Street's strong July rally. The S\u0026P 500 is up 6.3% so far this month. It's not uncommon for stocks to rally when the Fed issues a new interest rate policy statement, only to sell-off the next day. Stocks have been choppy this week following solid gains last week that were mainly fueled by better-than-expected reports on corporate profits. Inflation remains at the forefront of investors’ minds, however. Markets were spooked Monday after retail giant Walmart warned that its profits are being hurt by rising prices for food and gas, which are forcing shoppers to cut back on more profitable discretionary items such as clothing. The retailer’s profit warning in the middle of the quarter was rare and raised worries about how the highest inflation in 40 years is affecting the entire retail sector. Meanwhile, some parts of the economy are already slowing because as the Fed has raised rates, particularly the housing industry. Sales of previously occupied U.S. homes slowed in June for the fifth month in a row as mortgage rates have climbed sharply this year. Expectations of higher overall rates has pushed up the 10-year Treasury yield, which influences rates on home loans. Investors kept an eye on the latest batch of corporate earnings reports Wednesday, including strong earnings from Google's owner Alphabet and Microsoft. Shares in Microsoft and Google parent Alphabet rose 6.7% and 7.7%, respectively, after their latest quarterly reports. Boeing shares rose 0.1% after the aerospace company reported it delivered more planes in the first quarter than it has since the start of the pandemic. Also Read | How post-pandemic markets have behaved historically,Technology and communication services stocks accounted for a big share of the S\u0026P 500′s gains. Nvidia rose 7.6% and Netflix added 6%. Retailers, restaurant chains and other companies that rely on direct consumer spending also helped lift the market. Chipotle Mexican Grill jumped 14.7% after the restaurant chain reported second-quarter earnings that beat analysts’ forecasts. Spotify Technology vaulted 12.2% after the music streaming service reported monthly active user and premium subscriber numbers that exceeded the Street’s expectations.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"40.7128","longitude":"-74.006","name":"New York, NY, USA","city":"New York City"},"keywords":"Fed,Treasury,Google,Alphabet,Microsoft,the Federal Reserve,Jerome Powell,Jay Hatfield,Charlie Ripley,Allianz Investment Management,Citi,Powell,12,032.42,Russell,The S 500","originalPublishedOn":"2022-07-28T03:33:17+05:30"}},{"node":{"id":"JPkILbiZuwyi","slug":"english/how-post-pandemic-markets-have-behaved-historically","slugV2":"business/how-post-pandemic-markets-have-behaved-historically-711192/","title":"How post-pandemic markets have behaved historically","postType":1,"coverMedia":"/opoyi_IqQLK3aZR.jpg","coverCaption":"A pandemic generates both a demand shock as consumers curtail their activity and a supply shock as enterprises close or reduce their operations. (Photo credit: Representational/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T03:20:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eHealth pandemics have historically generated severe economic shocks\u003c/li\u003e\n \u003cli\u003eEconomic recessions followed the flu pandemics in 1957, 1968 and Spanish flu in 1918\u003c/li\u003e\n \u003cli\u003eThe COVID outbreak has had one of the most devastating economic repercussions in history\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658953723773,\\\"strCount\\\":5096,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/pandemic/\\\\\\\"\u003epandemic\u003c/a\u003e has played a significant part in the rise in \u003ca href=\\\\\\\"https://opoyi.com/topics/inflation/\\\\\\\"\u003einflation\u003c/a\u003e since persistent COVID-induced supply chain disruptions and raised consumer costs.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Health pandemics have historically generated severe economic shocks in the \u003ca href=\\\\\\\"https://opoyi.com/topics/unitedstates/\\\\\\\"\u003eUnited States\u003c/a\u003e. Economic \u003ca href=\\\\\\\"https://opoyi.com/topics/recession/\\\\\\\"\u003erecessions\u003c/a\u003e followed the flu pandemics in 1957 and 1968, while the 1918 \u003ca href=\\\\\\\"https://opoyi.com/topics/spanishflu/\\\\\\\"\u003eSpanish flu\u003c/a\u003e had a significant negative impact on society as a whole.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A\u0026nbsp;pandemic generates both a demand shock as consumers curtail their activity and a supply shock as enterprises close or reduce their operations. Furthermore, consumers, businesses, and governments have little to no warnings that a significant shock will occur, resulting in a sudden shift in overall economic circumstances.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s-711126/\\\\\\\"\u003eHow Paul Volcker tamed inflation with two recessions in 1980s\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSpanish Flu (1918-1920)\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Between 1918 and 1920, the flu killed around 40 million people or 2% of the world's population. In the United States, around 550,000 people died from the flu.\u0026nbsp;Because \u003ca href=\\\\\\\"https://opoyi.com/topics/worldwar/\\\\\\\"\u003eWorld War\u003c/a\u003e I was in its final year in 1918, the overlap makes it impossible to separate the economic and financial consequences of the war and the pandemic.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to economists, both the pandemic and the war reduced real GDP growth and consumer expenditure while also driving up inflation globally and in the United States. The flu lowered real stock returns in the United States by seven percentage points and short-term government debt returns by 3.5 percentage points. Meanwhile, it increased inflation in the United States by five percentage points.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Flu (1957-1958)\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A million to two million people died globally from the flu. In the United States, the first wave primarily afflicted schoolchildren in October 1957, while the second wave primarily affected pregnant women and the elderly in 1958. In the United States, an estimated 70,000 to 116,000 people died.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The United States had begun an economic slump in August 1957 that lasted until April 1958, however, the media at the time did not attribute the fall to the pandemic. The \u003ca href=\\\\\\\"https://opoyi.com/topics/dowjones/\\\\\\\"\u003eDow Jones Industrial Average\u003c/a\u003e peaked on July 12, 1957, and eventually fell 19.4% to a low on October 22, 1957.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSARS (2003)\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Around the world, the Severe Acute Respiratory Syndrome (SARS) outbreak affected 8,098 people, killing 774 of them, mostly in \u003ca href=\\\\\\\"https://opoyi.com/topics/china/\\\\\\\"\u003eChina\u003c/a\u003e and Hong Kong. While SARS began in November 2002, it did not begin to disrupt markets until March 2003, when \u003ca href=\\\\\\\"https://opoyi.com/topics/chinese/\\\\\\\"\u003eChinese\u003c/a\u003e officials notified the \u003ca href=\\\\\\\"https://opoyi.com/topics/who/\\\\\\\"\u003eWorld Health Organization\u003c/a\u003e of the outbreak. The S\u0026amp;P 500 had lost 12.8% of its value at the time.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"During the SARS pandemic, all 11 S\u0026amp;P 500 sectors fell, with information technology, financials, and communication services among the greatest losers, plunging 14%, 16%, and 26%, respectively. Economists believe that SARS caused a $40 billion worldwide economic loss, with a 0.1% drop in global GDP.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCOVID-19 (2020)\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The global Coronavirus outbreak has had one of the most devastating human and economic repercussions in history. As of December 2020, 75.2 million people were infected with the virus globally, with 1.67 million deaths documented. Furthermore, the pandemic is predicted to send many nations into recession in 2022, with per capita GDP falling in the greatest proportion of countries since 1870.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The VIX had a significant surge in early March as COVID-19 reached the United States, causing markets to plummet. Markets began a historic bounce and recovery in late March, bringing the VIX back down—but not to pre-pandemic levels. The VIX spiked again in June (though considerably lower than in March), this time around the \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e election.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 fell 31% in March before recovering to fresh record highs. Travel and leisure and retail were among the most impacted industries. Markets had recovered by the end of 2020, with the S\u0026amp;P 500 recovering more than 12%.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Pandemic","slug":"pandemic","id":"BlE2KIPtGOiS","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G","isSection":0},{"name":"Covid","slug":"covid","id":"jtkufHpdTfkm","isSection":0},{"name":"SARS","slug":"sars","id":"VfK7QygEnJOG","isSection":0},{"name":"SpanishFlu","slug":"spanishflu","id":"LmK6kBWXWEEl","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Spanish","slug":"spanish","id":"RAts3PcJvQCQ","isSection":0},{"name":"WorldWar","slug":"worldwar","id":"wNvQ5JvoFgbT","isSection":0},{"name":"Asian","slug":"asian","id":"nmNTdCK1480o","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"HongKong","slug":"hongkong","id":"NjExvisxSkdf","isSection":0},{"name":"Chinese","slug":"chinese","id":"c3EhcN4BZ1H9","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T03:20:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The pandemic has played a significant part in the rise in inflation since persistent COVID-induced supply chain disruptions and raised consumer costs. Health pandemics have historically generated severe economic shocks in the United States. Economic recessions followed the flu pandemics in 1957 and 1968, while the 1918 Spanish flu had a significant negative impact on society as a whole. A pandemic generates both a demand shock as consumers curtail their activity and a supply shock as enterprises close or reduce their operations. Furthermore, consumers, businesses, and governments have little to no warnings that a significant shock will occur, resulting in a sudden shift in overall economic circumstances. Also Read| How Paul Volcker tamed inflation with two recessions in 1980s,Spanish Flu (1918-1920),Between 1918 and 1920, the flu killed around 40 million people or 2% of the world's population. In the United States, around 550,000 people died from the flu. Because World War I was in its final year in 1918, the overlap makes it impossible to separate the economic and financial consequences of the war and the pandemic. According to economists, both the pandemic and the war reduced real GDP growth and consumer expenditure while also driving up inflation globally and in the United States. The flu lowered real stock returns in the United States by seven percentage points and short-term government debt returns by 3.5 percentage points. Meanwhile, it increased inflation in the United States by five percentage points. Also Read| The 2008 market crash: Inside the doomsday machine and a brief history,Asian Flu (1957-1958),A million to two million people died globally from the flu. In the United States, the first wave primarily afflicted schoolchildren in October 1957, while the second wave primarily affected pregnant women and the elderly in 1958. In the United States, an estimated 70,000 to 116,000 people died. The United States had begun an economic slump in August 1957 that lasted until April 1958, however, the media at the time did not attribute the fall to the pandemic. The Dow Jones Industrial Average peaked on July 12, 1957, and eventually fell 19.4% to a low on October 22, 1957. ,Also Read| Great Depression to COVID: Top 5 market crashes in American history,SARS (2003),Around the world, the Severe Acute Respiratory Syndrome (SARS) outbreak affected 8,098 people, killing 774 of them, mostly in China and Hong Kong. While SARS began in November 2002, it did not begin to disrupt markets until March 2003, when Chinese officials notified the World Health Organization of the outbreak. The S\u0026P 500 had lost 12.8% of its value at the time. ,During the SARS pandemic, all 11 S\u0026P 500 sectors fell, with information technology, financials, and communication services among the greatest losers, plunging 14%, 16%, and 26%, respectively. Economists believe that SARS caused a $40 billion worldwide economic loss, with a 0.1% drop in global GDP. COVID-19 (2020),The global Coronavirus outbreak has had one of the most devastating human and economic repercussions in history. As of December 2020, 75.2 million people were infected with the virus globally, with 1.67 million deaths documented. Furthermore, the pandemic is predicted to send many nations into recession in 2022, with per capita GDP falling in the greatest proportion of countries since 1870. ,The VIX had a significant surge in early March as COVID-19 reached the United States, causing markets to plummet. Markets began a historic bounce and recovery in late March, bringing the VIX back down—but not to pre-pandemic levels. The VIX spiked again in June (though considerably lower than in March), this time around the US election. Also Read | US inflation rate at a 40-year high | A timeline: 1930-2022,The S\u0026P 500 fell 31% in March before recovering to fresh record highs. Travel and leisure and retail were among the most impacted industries. Markets had recovered by the end of 2020, with the S\u0026P 500 recovering more than 12%.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"the United States,VIX,Spanish,World War,Asian,The United States,the Severe Acute Respiratory Syndrome,China,Hong Kong,Chinese,the World Health Organization of the,US","originalPublishedOn":"2022-07-27T21:20:00+05:30"}},{"node":{"id":"qJKWyMSzlTlm","slug":"english/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s","slugV2":"business/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s-711126/","title":"How Paul Volcker tamed inflation with two recessions in 1980s","postType":1,"coverMedia":"/opoyi_-ochPqaC6d.jpg","coverCaption":"Prices varied little during a brief recession in 1970, but subsequently skyrocketed, first in 1974-75 and then at the end of the 1970s. (Photo credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T03:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003ePaul Volcker, the chair of the Fed, is credited by the majority of economists for ending the crisis\u003c/li\u003e\n \u003cli\u003eVolcker brought inflation under control by inducing two recessions\u003c/li\u003e\n \u003cli\u003eInflation had fallen to 3.4% when Volcker left office in August 1987\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658953700990,\\\"strCount\\\":5577,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In 1981, the \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e was experiencing double-digit \u003ca href=\\\\\\\"https://opoyi.com/topics/inflation/\\\\\\\"\u003einflation\u003c/a\u003e for the second time in less than a decade. \u003ca href=\\\\\\\"https://opoyi.com/topics/fuelprices/\\\\\\\"\u003eFuel prices\u003c/a\u003e were over the ceiling, and mortgage rates were soaring, preventing many middle-class citizens from purchasing homes. The job market was also sluggish, with unemployment exceeding 7%. The country was in complete chaos.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Paul Volcker, the chair of the \u003ca href=\\\\\\\"https://opoyi.com/topics/federalreserve/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e, is credited by the majority of economists for ending the crisis. Volcker brought inflation under control by inducing two severe, but temporary, \u003ca href=\\\\\\\"https://opoyi.com/topics/recession/\\\\\\\"\u003erecessions\u003c/a\u003e in order to cut expenditure and bring inflation down. By the late 1980s, inflation had subsided and the economy was growing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Prices varied little during a brief recession in 1970, but subsequently skyrocketed, first in 1974-75 and then at the end of the 1970s. Following Volcker's appointment in 1979, inflation peaked and then swiftly declined.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Prior to 1965, inflation had been stable for years, staying at or around 2%. However, at about the same time, President Lyndon B. \u003ca href=\\\\\\\"https://opoyi.com/topics/johnson/\\\\\\\"\u003eJohnson\u003c/a\u003e and his congress supporters began to enact significant increases in expenditure as part of both the war on poverty and the expanding war in \u003ca href=\\\\\\\"https://opoyi.com/topics/vietnam/\\\\\\\"\u003eVietnam\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Vietnam War and the president's anti-poverty policy were his main concerns, and neither was going to be compromised during the Johnson administration. As a result, inflation gradually increased.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Richard Nixon made matters worse. Nixon made the decision to abolish the \\\\\\\"gold convertibility\\\\\\\" mechanism for dollars in 1971, even though the Vietnam War was still going on and becoming more expensive by the day.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Prior to Volcker's appointment as Fed chair on August 6, 1979, the Fed had tried moderate increases in interest rates in the hopes of regulating prices, but with little success. Volcker, as vice chair, was one of the hawks on the Federal Open Market Committee pressuring the Fed to take drastic action. When his chair, William Miller, was named Treasury Secretary by Jimmy Carter as part of a \u003ca href=\\\\\\\"https://opoyi.com/topics/cabinet/\\\\\\\"\u003eCabinet\u003c/a\u003e shuffle, Carter named Volcker as Miller's successor.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Following a few small rises in his first month, he held a surprise meeting on October 6, 1979, and put the Fed on a new, considerably tighter \u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003emonetary policy\u003c/a\u003e track.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/where-to-invest-during-high-inflation-710394/\\\\\\\"\u003eWhere to invest during high inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed indicated that it would allow a considerably larger range of interest rates, thereby enabling them to rise higher than previously and that it would rebalance policy on a regular basis in reaction to fluctuations in the money supply. The Fed would tighten its rules if the money supply was expanding too rapidly.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed's interest rate was adjusted at 13.7% that month; by April, it had risen by 4 points to 17.6%. In 1981, it was close to 20% at times. By limiting expenditure, higher interest rates often reduce inflation. This hinders the economy and increases the risk of high levels of unemployment.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/impact-of-us-feds-biggest-rate-hike-since-1994-on-india-680094/\\\\\\\"\u003eImpact of US Feds' biggest rate hike since 1994 on India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rates increase on everything when the Fed hikes interest rates, including credit card debt, mortgages, and business loans. When taking out a business loan becomes more expensive, companies contract and hire fewer people; when mortgages get more expensive, individuals purchase fewer homes; and when credit card rates rise, consumers spend and charge less. As a result, there is less spending and consequently less inflation, but there is also slower growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It took two attempts for the approach to have the desired result. Volcker's tightening slowed economic activity to the point that the United States was in recession by January 1980. However, Fed interest rates began to decrease dramatically after April, limiting the impact of the Fed's anti-inflation measures.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-to-survive-a-market-crash-694936/\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Following that, the Fed tightened again, causing another recession in July 1981. Unlike the 1980 recession, which saw a high unemployment rate of 7.8%, the second Volcker recession lasted for 16 months and saw a peak unemployment rate of 10.8% in December 1982. This policy regime became known as the \\\\\\\"Volcker shock\\\\\\\" during the course of the 1980s.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation had fallen to 3.4% when Volcker left office in August 1987, from a peak of 9.8% in 1981, after the first Volcker recession had failed to reduce prices.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"Vietnam","slug":"vietnam","id":"zZ2UFYjgalkf","isSection":0},{"name":"Johnson","slug":"johnson","id":"HyeDGi0A2Pas","isSection":0},{"name":"JimmyCarter","slug":"jimmycarter","id":"lJCJkz7bWrkp","isSection":0},{"name":"Cabinet","slug":"cabinet","id":"KRS5VI2FT4gc","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T03:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"In 1981, the US was experiencing double-digit inflation for the second time in less than a decade. Fuel prices were over the ceiling, and mortgage rates were soaring, preventing many middle-class citizens from purchasing homes. The job market was also sluggish, with unemployment exceeding 7%. The country was in complete chaos. Also Read| The 2008 market crash: Inside the doomsday machine and a brief history,Paul Volcker, the chair of the Federal Reserve, is credited by the majority of economists for ending the crisis. Volcker brought inflation under control by inducing two severe, but temporary, recessions in order to cut expenditure and bring inflation down. By the late 1980s, inflation had subsided and the economy was growing. Prices varied little during a brief recession in 1970, but subsequently skyrocketed, first in 1974-75 and then at the end of the 1970s. Following Volcker's appointment in 1979, inflation peaked and then swiftly declined. Also Read| Great Depression to COVID: Top 5 market crashes in American history,Prior to 1965, inflation had been stable for years, staying at or around 2%. However, at about the same time, President Lyndon B. Johnson and his congress supporters began to enact significant increases in expenditure as part of both the war on poverty and the expanding war in Vietnam. The Vietnam War and the president's anti-poverty policy were his main concerns, and neither was going to be compromised during the Johnson administration. As a result, inflation gradually increased. Richard Nixon made matters worse. Nixon made the decision to abolish the gold convertibility mechanism for dollars in 1971, even though the Vietnam War was still going on and becoming more expensive by the day. Also Read | US inflation rate at a 40-year high | A timeline: 1930-2022,Prior to Volcker's appointment as Fed chair on August 6, 1979, the Fed had tried moderate increases in interest rates in the hopes of regulating prices, but with little success. Volcker, as vice chair, was one of the hawks on the Federal Open Market Committee pressuring the Fed to take drastic action. When his chair, William Miller, was named Treasury Secretary by Jimmy Carter as part of a Cabinet shuffle, Carter named Volcker as Miller's successor. Following a few small rises in his first month, he held a surprise meeting on October 6, 1979, and put the Fed on a new, considerably tighter monetary policy track. Also Read| Where to invest during high inflation?,The Fed indicated that it would allow a considerably larger range of interest rates, thereby enabling them to rise higher than previously and that it would rebalance policy on a regular basis in reaction to fluctuations in the money supply. The Fed would tighten its rules if the money supply was expanding too rapidly. The Fed's interest rate was adjusted at 13.7% that month; by April, it had risen by 4 points to 17.6%. In 1981, it was close to 20% at times. By limiting expenditure, higher interest rates often reduce inflation. This hinders the economy and increases the risk of high levels of unemployment. ,Also Read| Impact of US Feds' biggest rate hike since 1994 on India,Rates increase on everything when the Fed hikes interest rates, including credit card debt, mortgages, and business loans. When taking out a business loan becomes more expensive, companies contract and hire fewer people; when mortgages get more expensive, individuals purchase fewer homes; and when credit card rates rise, consumers spend and charge less. As a result, there is less spending and consequently less inflation, but there is also slower growth. It took two attempts for the approach to have the desired result. Volcker's tightening slowed economic activity to the point that the United States was in recession by January 1980. However, Fed interest rates began to decrease dramatically after April, limiting the impact of the Fed's anti-inflation measures. Also Read| How to survive a market crash,Following that, the Fed tightened again, causing another recession in July 1981. Unlike the 1980 recession, which saw a high unemployment rate of 7.8%, the second Volcker recession lasted for 16 months and saw a peak unemployment rate of 10.8% in December 1982. This policy regime became known as the Volcker shock during the course of the 1980s. Inflation had fallen to 3.4% when Volcker left office in August 1987, from a peak of 9.8% in 1981, after the first Volcker recession had failed to reduce prices.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,Volcker,US,Paul Volcker,the Federal Reserve,Lyndon B. Johnson,Vietnam,The Vietnam War,Johnson,Richard Nixon,Nixon,the Vietnam War,the Federal Open Market Committee,William Miller,Treasury","originalPublishedOn":"2022-07-27T19:45:00+05:30"}},{"node":{"id":"03I73DGWCV3y","slug":"english/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history","slugV2":"business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/","title":"The 2008 market crash: Inside the doomsday machine and a brief history","postType":1,"coverMedia":"/opoyi_1cXjItbXv.jpg","coverCaption":"The magnitude of the financial crisis led to a loss of confidence in the US stock market. (Photo credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T02:40:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe 2008 stock market collapse took place on September 29, 2008\u003c/li\u003e\n \u003cli\u003eThe Fed stepped in on March 17, 2008 to rescue the faltering investment bank, Bear Stearns\u003c/li\u003e\n \u003cli\u003eLehman Brothers announced bankruptcy on Monday, September 15, 2008\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658953682737,\\\"strCount\\\":12965,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The talent of Michael Lewis, of Liar’s Poker fame, was needed to get inside the doomsday machine and write a compelling and definitive account of the 2008 subprime crisis, The Big Short, adapted into a popular film.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Lewis had given up a successful career at the Solomon Brothers to write about the ‘insane people’ who play with billions of dollars of public money in hedge funds and the likes in his first book much before The Big Short.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sample this lengthy part from the Prologue of The Big Short: “The two decades after I left, I waited for the end of \u003ca href=\\\\\\\"https://opoyi.com/topics/wallstreet/\\\\\\\"\u003eWall Street\u003c/a\u003e as I had known it. …Over and over again, the financial system was, in some narrow way, discredited. Yet the big Wall Street banks at the centre of it just kept on growing, along with the sums of money that they doled out to twenty-six-year-olds to perform tasks of no obvious social utility. The rebellion by \u003ca href=\\\\\\\"https://opoyi.com/topics/american/\\\\\\\"\u003eAmerican\u003c/a\u003e youth against the money culture never happened. Why bother to overturn your parents' world when you can buy it and sell off the pieces? At some point, I gave up waiting. There was no scandal or reversal, I assumed, sufficiently great to sink the system.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Then came Meredith Whitney, with the news. Whitney was an obscure analyst of financial firms for an obscure financial firm, Oppenheimer and Co., who, on October 31, 2007, ceased to be obscure. On that day she predicted that Citigroup had so mismanaged its affairs that it would need to slash its dividend or go bust. It's never entirely clear on any given day what causes what inside the stock market, but it was pretty clear that, on October 31, Meredith Whitney caused the market in financial stocks to crash. By the end of the trading day, a woman whom basically no one had ever heard of, and who could have been dismissed as a nobody, had shaved 8% off the shares of Citigroup and $390 billion off the value of the U.S. \u003ca href=\\\\\\\"https://opoyi.com/topics/stockmarket/\\\\\\\"\u003estock market\u003c/a\u003e. Four days later, Citigroup CEO Chuck Prince resigned. Two weeks later, Citigroup slashed its dividend. From that moment, Meredith Whitney became E. F. Hutton: When she spoke, people listened. Her message was clear: If you want to know what these Wall Street firms are really worth, take a cold, hard look at these crappy assets they're holding with borrowed money, and imagine what they'd fetch in a fire sale.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"…The value of your securities is as illusory as the value of your people. Rivals accused Whitney of being overrated; bloggers accused her of being lucky. What she was, mainly, was right. But it's true that she was, in part, guessing. There was no way she could have known what was going to happen to these Wall Street firms, or even the extent of their losses in the subprime mortgage market. The CEOs themselves didn't know. \\\\\\\"Either that or they are all liars,\\\\\\\" she said, \\\\\\\"but I assume they really just don't know.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Now, obviously, Meredith Whitney didn't sink Wall Street. She'd just expressed most clearly and most loudly a view that turned out to be far more seditious to the social order than, say, the many campaigns by various \u003ca href=\\\\\\\"https://opoyi.com/topics/newyork/\\\\\\\"\u003eNew York\u003c/a\u003e attorneys general against Wall Street corruption. If mere scandal could have destroyed the big Wall Street investment banks, they would have vanished long ago. This woman wasn't saying that Wall Street bankers were corrupt. She was saying that they were stupid. These people whose job it was to allocate capital apparently didn't even know how to manage their own.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eWhy is the US Fed Reserve hiking interest rates?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 2008 stock market collapse took place on September 29, 2008. In intraday trade, the \u003ca href=\\\\\\\"https://opoyi.com/topics/dowjones/\\\\\\\"\u003eDow Jones Industrial Average\u003c/a\u003e lost 777.68 points. It was the greatest point decrease in history until the stock market meltdown in March 2020, at the beginning of the COVID-19 pandemic.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On October 9, 2007, the Dow reached a pre-recession high of 14,164.53. It decreased by more than half on March 5, 2009, to 6,594.44.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average began the year at 12,474.52. Despite mounting fears about the subprime mortgage issue, it increased. On December 19, 2006, the United States Department of Commerce issued a warning that October's new house permits were 28% lower than the previous year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-us-inflation-is-going-up-and-when-will-it-come-down-438404/\\\\\\\"\u003eWhy US inflation is going up and when will it come down\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Plummeting housing values resulted in subprime mortgage defaults.\u0026nbsp;The Fed began injecting liquidity by purchasing subprime mortgages from banks. Economists issued a warning in October about the increasing usage of collateralized debt obligations and other derivatives.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As the year came to a conclusion, the Bureau of Economic Analysis (BEA) revised its growth forecast. It reported that the country's GDP expanded by 0.5% in the third quarter. It had shrunk by 0.5%, according to previous estimates. It appeared that the \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e economy could withstand a housing collapse and bank liquidity limitations. The Dow finished the year at 13,264.82, marginally below its October peak.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/where-to-invest-during-high-inflation-710394/\\\\\\\"\u003eWhere to invest during high inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The BEA revised its fourth-quarter 2007 GDP growth estimate downward at the end of January 2008. It stated that growth was barely 0.6%. For the first time since 2004, the economy shed 17,000 jobs.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Federal Reserve stepped in on March 17 to rescue the faltering investment bank, Bear Stearns. The Dow fell to an intraday low of 11,650.44 before recovering. In fact, many people believed that the Bear Stearns bailout would prevent a bear market. The Dow had risen above 13,000 by May. The worst looked to be past.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/heres-what-depreciating-rupee-mean-for-stock-markets-701879/\\\\\\\"\u003eHere's what depreciating rupee means for stock markets\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The crisis endangered government-sponsored enterprises Fannie Mae and Freddie Mac in July 2008. They required federal assistance. The Treasury Department assured an estimated $25 billion in loans and purchased equity in Fannie Mae and Freddie Mac. The Federal Housing Authority assured $300 billion in new loans. The Dow plummeted to 10,962.54 on July 15. After recovering, it stayed above 11,000 for the rest of the summer.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Lehman Brothers announced bankruptcy on Monday, September 15, 2008. The Dow fell by over 200 points.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed announced its bailout of insurance giant American International Group Inc. on Tuesday, September 16, 2008. It provided an $85 billion loan in exchange for 79.9% shares, effectively acquiring control. AIG had exhausted its cash reserves. It was trying to repay credit default swaps placed against now-defunct mortgage-backed securities (MBS).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/impact-of-us-feds-biggest-rate-hike-since-1994-on-india-680094/\\\\\\\"\u003eImpact of US Feds' biggest rate hike since 1994 on India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Money market funds suffered a $196 billion loss in the days following the bankruptcy of Lehman Brothers. Businesses had panicked and switched to much safer Treasury notes. Banks had raised interest rates because they were reluctant to lend to one another. Secretary Henry Paulson and Federal Reserve Chair Ben Bernanke handed the bank bailout bill to \u003ca href=\\\\\\\"https://opoyi.com/topics/congress/\\\\\\\"\u003eCongress\u003c/a\u003e on Saturday, September 20, 2008.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow hovered around 11,000 until September 29, 2008, when the \u003ca href=\\\\\\\"https://opoyi.com/topics/senate/\\\\\\\"\u003eSenate\u003c/a\u003e rejected the bailout bill.\u0026nbsp; During intraday trade, the Dow dropped 777.68 points.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"To reestablish financial stability, the Fed increased its currency swaps with European, \u003ca href=\\\\\\\"https://opoyi.com/topics/british/\\\\\\\"\u003eBritish\u003c/a\u003e, and Japanese central banks to $620 billion. The whole amount of liquidity needed to thaw out the credit markets was provided by the global governments.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/explained-changes-in-repo-rates-and-their-impact-on-stock-market-340419/\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The bailout bill was ultimately passed by Congress in early October, but the damage had already been done. According to the Labor Department, the economy shed 159,000 jobs in the previous month.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"JPMorgan Chase oversaw the Federal Reserve's Money Market Investor Funding Facility (MMIFF). It acquired up to $600 billion in 90-day certificates of deposit, banknotes, and commercial paper. The remaining $60 billion was raised through the money markets. However, they were also buying commercial paper from the MMIFF.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-why-has-rbi-allowed-international-trade-settlement-in-rupee-699199/\\\\\\\"\u003eExplained: Why has RBI allowed international trade settlement in Rupee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed rapidly reduced the fed funds rate to 1%. However, the Libor bank lending rate remained at a high of 2.58 %. The Fed also coordinated a worldwide central bank bailout. The Dow responded by falling 15% for the month.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The BEA issued more terrible news at the end of October. The third quarter had a 0.3% decline in the economy, and the country was in a recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Labor Department claimed in October that the economy had lost a stunning 240,000 jobs. The AIG bailout expanded to $150 billion. The Bush administration announced that part of the $700 billion bailouts would be used to purchase preferred stock in the countries' banks.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-to-survive-a-market-crash-694936/\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Federal aid was requested by the Big Three automakers. The Dow has fallen to a new low of 7,552.29 by November 20, 2008. However, the 2008 stock market meltdown was far from done. The Fed cut the fed funds rate to 0%, the lowest level in history.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For the following four years, investors endured the emotional scars of the crisis. They panicked on June 1, 2012, because of a poor May employment report and the European financial crisis. The Dow fell 275 points. The 10-year Treasury yield fell to 1.47%. This was the lowest yield in more than 200 years. It indicated that the optimism that had faded in 2008 had not yet returned to Wall Street.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The market collapse that started with the 2008 crisis took around five years for stocks to recover. In March 2013, the Dow Jones Industrial Average returned to its October 2007 highs.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/explained-impact-of-mpc-meeting-on-stock-market-608957/\\\\\\\"\u003eExplained: Impact of MPC meeting on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 2008 stock market meltdown was caused by defaults on aggregated mortgage-backed securities. The majority of MBS was made up of subprime housing loans. Banks made these loans available to nearly everyone, including those with poor credit.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Many homeowners defaulted on their loans as the housing market crashed. These defaults reverberated across the financial sector, which had significantly invested in MBS. As a result, firms doing business with these banks suffered, and their stocks suffered as a result.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The magnitude of the financial crisis led to a loss of confidence in the US stock market. As a result, the stock market plummeted in the fall of 2008. The stock market in the United States did not fully rebound until mid-2013.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 2008 stock market meltdown was caused by defaults on aggregated mortgage-backed securities. The majority of MBS was made up of subprime housing loans. Banks made these loans available to nearly everyone, including those with poor credit.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Many homeowners defaulted on their loans as the housing market crashed. These defaults reverberated across the financial sector, which had significantly invested in MBS. As a result, firms doing business with these banks suffered, and their stocks suffered as a result.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The magnitude of the financial crisis led to a loss of confidence in the US stock market. As a result, the stock market plummeted in the fall of 2008. The stock market in the United States did not fully rebound until mid-2013.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"dow","slug":"dow","id":"QK3hkMAWGEay","isSection":0},{"name":"Congress","slug":"congress","id":"KGrnteP5qPtc","isSection":0},{"name":"American","slug":"american","id":"NZFYoh1gkc1s","isSection":0},{"name":"NewYork","slug":"newyork","id":"ZXs8JjMQ5noW","isSection":0},{"name":"Senate","slug":"senate","id":"Um5KTbuGxMjX","isSection":0},{"name":"British","slug":"british","id":"K4VzcWCbTUbp","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T02:40:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The talent of Michael Lewis, of Liar’s Poker fame, was needed to get inside the doomsday machine and write a compelling and definitive account of the 2008 subprime crisis, The Big Short, adapted into a popular film. Lewis had given up a successful career at the Solomon Brothers to write about the ‘insane people’ who play with billions of dollars of public money in hedge funds and the likes in his first book much before The Big Short. Also Read| Great Depression to COVID: Top 5 market crashes in American history,Sample this lengthy part from the Prologue of The Big Short: “The two decades after I left, I waited for the end of Wall Street as I had known it. …Over and over again, the financial system was, in some narrow way, discredited. Yet the big Wall Street banks at the centre of it just kept on growing, along with the sums of money that they doled out to twenty-six-year-olds to perform tasks of no obvious social utility. The rebellion by American youth against the money culture never happened. Why bother to overturn your parents' world when you can buy it and sell off the pieces? At some point, I gave up waiting. There was no scandal or reversal, I assumed, sufficiently great to sink the system. Then came Meredith Whitney, with the news. Whitney was an obscure analyst of financial firms for an obscure financial firm, Oppenheimer and Co. who, on October 31, 2007, ceased to be obscure. On that day she predicted that Citigroup had so mismanaged its affairs that it would need to slash its dividend or go bust. It's never entirely clear on any given day what causes what inside the stock market, but it was pretty clear that, on October 31, Meredith Whitney caused the market in financial stocks to crash. By the end of the trading day, a woman whom basically no one had ever heard of, and who could have been dismissed as a nobody, had shaved 8% off the shares of Citigroup and $390 billion off the value of the U.S. stock market. Four days later, Citigroup CEO Chuck Prince resigned. Two weeks later, Citigroup slashed its dividend. From that moment, Meredith Whitney became E. F. Hutton: When she spoke, people listened. Her message was clear: If you want to know what these Wall Street firms are really worth, take a cold, hard look at these crappy assets they're holding with borrowed money, and imagine what they'd fetch in a fire sale. Also Read | US inflation rate at a 40-year high | A timeline: 1930-2022,…The value of your securities is as illusory as the value of your people. Rivals accused Whitney of being overrated; bloggers accused her of being lucky. What she was, mainly, was right. But it's true that she was, in part, guessing. There was no way she could have known what was going to happen to these Wall Street firms, or even the extent of their losses in the subprime mortgage market. The CEOs themselves didn't know. Either that or they are all liars, she said, but I assume they really just don't know. Now, obviously, Meredith Whitney didn't sink Wall Street. She'd just expressed most clearly and most loudly a view that turned out to be far more seditious to the social order than, say, the many campaigns by various New York attorneys general against Wall Street corruption. If mere scandal could have destroyed the big Wall Street investment banks, they would have vanished long ago. This woman wasn't saying that Wall Street bankers were corrupt. She was saying that they were stupid. These people whose job it was to allocate capital apparently didn't even know how to manage their own.”,Also Read| Why is the US Fed Reserve hiking interest rates?,The 2008 stock market collapse took place on September 29, 2008. In intraday trade, the Dow Jones Industrial Average lost 777.68 points. It was the greatest point decrease in history until the stock market meltdown in March 2020, at the beginning of the COVID-19 pandemic. On October 9, 2007, the Dow reached a pre-recession high of 14,164.53. It decreased by more than half on March 5, 2009, to 6,594.44. The Dow Jones Industrial Average began the year at 12,474.52. Despite mounting fears about the subprime mortgage issue, it increased. On December 19, 2006, the United States Department of Commerce issued a warning that October's new house permits were 28% lower than the previous year. Also Read| Why US inflation is going up and when will it come down,Plummeting housing values resulted in subprime mortgage defaults. The Fed began injecting liquidity by purchasing subprime mortgages from banks. Economists issued a warning in October about the increasing usage of collateralized debt obligations and other derivatives. As the year came to a conclusion, the Bureau of Economic Analysis (BEA) revised its growth forecast. It reported that the country's GDP expanded by 0.5% in the third quarter. It had shrunk by 0.5%, according to previous estimates. It appeared that the US economy could withstand a housing collapse and bank liquidity limitations. The Dow finished the year at 13,264.82, marginally below its October peak. Also Read| Where to invest during high inflation?,The BEA revised its fourth-quarter 2007 GDP growth estimate downward at the end of January 2008. It stated that growth was barely 0.6%. For the first time since 2004, the economy shed 17,000 jobs. ,The Federal Reserve stepped in on March 17 to rescue the faltering investment bank, Bear Stearns. The Dow fell to an intraday low of 11,650.44 before recovering. In fact, many people believed that the Bear Stearns bailout would prevent a bear market. The Dow had risen above 13,000 by May. The worst looked to be past. Also Read| Here's what depreciating rupee means for stock markets,The crisis endangered government-sponsored enterprises Fannie Mae and Freddie Mac in July 2008. They required federal assistance. The Treasury Department assured an estimated $25 billion in loans and purchased equity in Fannie Mae and Freddie Mac. The Federal Housing Authority assured $300 billion in new loans. The Dow plummeted to 10,962.54 on July 15. After recovering, it stayed above 11,000 for the rest of the summer. Lehman Brothers announced bankruptcy on Monday, September 15, 2008. The Dow fell by over 200 points. The Fed announced its bailout of insurance giant American International Group Inc. on Tuesday, September 16, 2008. It provided an $85 billion loan in exchange for 79.9% shares, effectively acquiring control. AIG had exhausted its cash reserves. It was trying to repay credit default swaps placed against now-defunct mortgage-backed securities (MBS). Also Read| Impact of US Feds' biggest rate hike since 1994 on India,Money market funds suffered a $196 billion loss in the days following the bankruptcy of Lehman Brothers. Businesses had panicked and switched to much safer Treasury notes. Banks had raised interest rates because they were reluctant to lend to one another. Secretary Henry Paulson and Federal Reserve Chair Ben Bernanke handed the bank bailout bill to Congress on Saturday, September 20, 2008. The Dow hovered around 11,000 until September 29, 2008, when the Senate rejected the bailout bill. During intraday trade, the Dow dropped 777.68 points. To reestablish financial stability, the Fed increased its currency swaps with European, British, and Japanese central banks to $620 billion. The whole amount of liquidity needed to thaw out the credit markets was provided by the global governments. Also Read| Explained: Changes in repo rates and their impact on stock market,The bailout bill was ultimately passed by Congress in early October, but the damage had already been done. According to the Labor Department, the economy shed 159,000 jobs in the previous month. JPMorgan Chase oversaw the Federal Reserve's Money Market Investor Funding Facility (MMIFF). It acquired up to $600 billion in 90-day certificates of deposit, banknotes, and commercial paper. The remaining $60 billion was raised through the money markets. However, they were also buying commercial paper from the MMIFF. Also Read| Explained: Why has RBI allowed international trade settlement in Rupee,The Fed rapidly reduced the fed funds rate to 1%. However, the Libor bank lending rate remained at a high of 2.58 %. The Fed also coordinated a worldwide central bank bailout. The Dow responded by falling 15% for the month. The BEA issued more terrible news at the end of October. The third quarter had a 0.3% decline in the economy, and the country was in a recession. The Labor Department claimed in October that the economy had lost a stunning 240,000 jobs. The AIG bailout expanded to $150 billion. The Bush administration announced that part of the $700 billion bailouts would be used to purchase preferred stock in the countries' banks. Also Read| How to survive a market crash,Federal aid was requested by the Big Three automakers. The Dow has fallen to a new low of 7,552.29 by November 20, 2008. However, the 2008 stock market meltdown was far from done. The Fed cut the fed funds rate to 0%, the lowest level in history. For the following four years, investors endured the emotional scars of the crisis. They panicked on June 1, 2012, because of a poor May employment report and the European financial crisis. The Dow fell 275 points. The 10-year Treasury yield fell to 1.47%. This was the lowest yield in more than 200 years. It indicated that the optimism that had faded in 2008 had not yet returned to Wall Street. ,The market collapse that started with the 2008 crisis took around five years for stocks to recover. In March 2013, the Dow Jones Industrial Average returned to its October 2007 highs. Also Read| Explained: Impact of MPC meeting on stock market,The 2008 stock market meltdown was caused by defaults on aggregated mortgage-backed securities. The majority of MBS was made up of subprime housing loans. Banks made these loans available to nearly everyone, including those with poor credit. Many homeowners defaulted on their loans as the housing market crashed. These defaults reverberated across the financial sector, which had significantly invested in MBS. As a result, firms doing business with these banks suffered, and their stocks suffered as a result. The magnitude of the financial crisis led to a loss of confidence in the US stock market. As a result, the stock market plummeted in the fall of 2008. The stock market in the United States did not fully rebound until mid-2013. The 2008 stock market meltdown was caused by defaults on aggregated mortgage-backed securities. The majority of MBS was made up of subprime housing loans. Banks made these loans available to nearly everyone, including those with poor credit. Also Read| Harshad Mehta scam: How Big Bull shook the Indian stock market,Many homeowners defaulted on their loans as the housing market crashed. These defaults reverberated across the financial sector, which had significantly invested in MBS. As a result, firms doing business with these banks suffered, and their stocks suffered as a result. The magnitude of the financial crisis led to a loss of confidence in the US stock market. As a result, the stock market plummeted in the fall of 2008. The stock market in the United States did not fully rebound until mid-2013.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,Meredith Whitney,Citigroup,US,Dow,The Big Short,BEA,Bear Stearns,Fannie Mae,Freddie Mac,Lehman Brothers,Treasury,Congress,European,the United States","originalPublishedOn":"2022-07-26T23:45:00+05:30"}},{"node":{"id":"wr0sYzEDtIAF","slug":"english/crypto-news-bitcoin-jumps-8-ethereum-15-as-fed-decision-meets-expectations","slugV2":"business/crypto-news-bitcoin-jumps-8-ethereum-15-as-fed-decision-meets-expectations-711473/","title":"Bitcoin jumps 8%, Ethereum 15% as Fed decision meets expectations","postType":1,"coverMedia":"/opoyi_XeUPmdPiaHa.jpg","coverCaption":"The central bank’s decision follows a jump in inflation to 9.1% (Photo credits: Representational/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T02:04:13+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Fed raised its benchmark interest rate by hefty three-quarters of a point\u003c/li\u003e\n \u003cli\u003eBitcoin and Ethereum have surged by 8.51% and 15.54%, respectively, in the last 24 hours\u003c/li\u003e\n \u003cli\u003eThe Fed’s move will raise its key rate to a range of 2.25% to 2.5%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658954054718,\\\"strCount\\\":3387,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-hikes-interest-rate-by-75-basis-points-to-fight-inflation-711312/\\\\\\\"\u003eFed hiked interest rates\u003c/a\u003e by 0.75 percentage points, as expected, and stated in a statement that more rises are inevitable. In reaction, \u003ca href=\\\\\\\"https://opoyi.com/business/how-bitcoin-price-and-inflation-are-co-related-385362/\\\\\\\"\u003eBitcoin \u003c/a\u003eand Ethereum prices surged on Wednesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The decision was in line with economists' expectations that the Fed would increase \u003ca href=\\\\\\\"https://opoyi.com/business/how-does-a-federal-fund-rate-hike-work-710618/\\\\\\\"\u003einterest rates\u003c/a\u003e by 75 basis points this month. Less than a week ago, the European Central Bank surprised investors by raising interest rates for the first time in 11 years, by 50 basis points.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/treasury-yields-slip-as-fed-chair-jerome-powell-suggests-slowing-interest-rate-hike-pace-711467/\\\\\\\"\u003eTreasury yields slip as Fed Chair suggests slowing interest-rate hike pace\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to CoinMarketCap, Bitcoin and Ethereum have surged by 8.51% and 15.54%, respectively, in the last 24 hours. Bitcoin climbed by 3% in the hour following the Fed's statement, while ETH increased by 4.8%. However, they have both declined in the last seven days, and the total worth of all cryptocurrencies briefly fell below $1 trillion on Tuesday earlier this week.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-economy-not-in-recession-says-fed-chair-jerome-powell-711451/\\\\\\\"\u003eUS economy not in recession, says Fed chair Jerome Powell\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/usa/why-us-federal-reserves-policy-stance-may-be-working-517392/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e raised its \u003ca href=\\\\\\\"https://opoyi.com/india/why-interest-rates-are-being-hiked-globally-192693/\\\\\\\"\u003ebenchmark interest rate\u003c/a\u003e by hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame\u003ca href=\\\\\\\"https://opoyi.com/business/where-to-invest-during-high-inflation-710394/\\\\\\\"\u003e high inflation\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed’s move will raise its key rate, which affects many consumer and business loans, to a range of 2.25% to 2.5%, its highest level since 2018.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-rate-hike-another-unusually-large-increase-could-be-appropriate-says-jerome-powell-711445/\\\\\\\"\u003e‘Another unusually large increase could be appropriate’ says Fed chair Jerome Powell\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank’s decision follows a jump in inflation to 9.1%, the fastest annual rate in 41 years, and reflects its strenuous efforts to slow price gains across the economy. By raising borrowing rates, the Fed makes it costlier to take out a mortgage or an auto or business loan. Consumers and businesses then presumably borrow and spend less, cooling the economy and slowing \u003ca href=\\\\\\\"https://opoyi.com/business/why-us-inflation-is-going-up-and-when-will-it-come-down-438404/\\\\\\\"\u003einflation\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/wall-street-sees-stocks-rise-after-new-fed-rate-hike-711438/\\\\\\\"\u003eWall Street sees stocks rise after new Fed rate hike\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Globally, central banks have been hiking interest rates in order to restore price stability and bring runaway inflation under control. In the United States, the Federal Reserve raised interest rates by the most since 1994 last month to counter rising prices, which are climbing at the highest rate in more than four decades.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Cryptocurrency","slug":"cryptocurrency","id":"L7OoyefNLuEh","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Bitcoin","slug":"bitcoin","id":"b6gsXRHnIQWf","isSection":0},{"name":"Ethereum","slug":"ethereum","id":"LXPW4hGdvTWT","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T01:52:39+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Fed hiked interest rates by 0.75 percentage points, as expected, and stated in a statement that more rises are inevitable. In reaction, Bitcoin and Ethereum prices surged on Wednesday. The decision was in line with economists' expectations that the Fed would increase interest rates by 75 basis points this month. Less than a week ago, the European Central Bank surprised investors by raising interest rates for the first time in 11 years, by 50 basis points. Also Read | Treasury yields slip as Fed Chair suggests slowing interest-rate hike pace,According to CoinMarketCap, Bitcoin and Ethereum have surged by 8.51% and 15.54%, respectively, in the last 24 hours. Bitcoin climbed by 3% in the hour following the Fed's statement, while ETH increased by 4.8%. However, they have both declined in the last seven days, and the total worth of all cryptocurrencies briefly fell below $1 trillion on Tuesday earlier this week. Also Read | US economy not in recession, says Fed chair Jerome Powell,The Federal Reserve raised its benchmark interest rate by hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation. The Fed’s move will raise its key rate, which affects many consumer and business loans, to a range of 2.25% to 2.5%, its highest level since 2018. Also Read | ‘Another unusually large increase could be appropriate’ says Fed chair Jerome Powell,The central bank’s decision follows a jump in inflation to 9.1%, the fastest annual rate in 41 years, and reflects its strenuous efforts to slow price gains across the economy. By raising borrowing rates, the Fed makes it costlier to take out a mortgage or an auto or business loan. Consumers and businesses then presumably borrow and spend less, cooling the economy and slowing inflation. Also Read | Wall Street sees stocks rise after new Fed rate hike,Globally, central banks have been hiking interest rates in order to restore price stability and bring runaway inflation under control. In the United States, the Federal Reserve raised interest rates by the most since 1994 last month to counter rising prices, which are climbing at the highest rate in more than four decades.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,the European Central Bank,ETH,The Federal Reserve,the United States,Crypto, US Fed rate hike, Fed hike, Fed rate hike","originalPublishedOn":"2022-07-28T01:52:09+05:30"}},{"node":{"id":"wX1QwxBmuS8M","slug":"english/treasury-yields-slip-as-fed-chair-jerome-powell-suggests-slowing-interest-rate-hike-pace","slugV2":"business/treasury-yields-slip-as-fed-chair-jerome-powell-suggests-slowing-interest-rate-hike-pace-711467/","title":"Treasury yields slip as Fed Chair suggests slowing interest-rate hike pace","postType":1,"coverMedia":"/opoyi_Oz1RO2OSy.jpg","coverCaption":"Stocks rose after the Federal Reserve raised its benchmark interest rate (Photo Credit: Representative Image/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T01:57:36+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe two-year yield recently fell to 2.986%, from 3.041%\u003c/li\u003e\n \u003cli\u003eThe 10-year yield recently fell to 2.734%, from 2.786%\u003c/li\u003e\n \u003cli\u003eYields rose somewhat after Mr Powell stated that the United States is not currently in a recession\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658953657489,\\\"strCount\\\":3129,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/impact-of-fed-rate-on-us-stocks-and-bond-markets-710558/\\\\\\\"\u003eTreasury yields\u003c/a\u003e have fallen after Fed Chairman \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-jerome-powell-302598/\\\\\\\"\u003eJerome Powell\u003c/a\u003e stated that slowing the pace of interest-rate rises is likely.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Mr Powell has also stated that the extent of future rate hikes will be determined by economic statistics. He hinted that the Fed would not offer as much guidance about future rate hikes as it has up to this point in the year, instead opting for a \\\\\\\"meeting-by-meeting\\\\\\\" approach.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/crypto-news-bitcoin-jumps-8-ethereum-15-as-fed-decision-meets-expectations-711473/\\\\\\\"\u003eBitcoin jumps 8%, Ethereum 15% as Fed decision meets expectations\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The two-year yield recently fell to 2.986%, from 3.041%. The 10-year yield recently fell to 2.734%, from 2.786%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Yields rose somewhat after Mr Powell stated that the United States is not currently in a \u003ca href=\\\\\\\"https://opoyi.com/business/why-global-economy-is-not-in-recession-yet-709207/\\\\\\\"\u003erecession\u003c/a\u003e, noting the strength of the labour market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks rose after the \u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e raised its benchmark interest rate by three-quarters of a percentage point on Wednesday afternoon, as expected.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-economy-not-in-recession-says-fed-chair-jerome-powell-711451/\\\\\\\"\u003eUS economy not in recession, says Fed chair Jerome Powell\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indexes in the United States rose as a result of positive earnings reports. The S\u0026amp;P 500 was up nearly 2% while the tech-heavy Nasdaq Composite was up 3.47% and Dow Jones Industrial Average was up 1.19%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ten of the S\u0026amp;P 500's 100 sectors were currently in the green, with communications services and information technology stocks leading the gainers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-rate-hike-another-unusually-large-increase-could-be-appropriate-says-jerome-powell-711445/\\\\\\\"\u003e‘Another unusually large increase could be appropriate’ says Fed chair Jerome Powell\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u0026nbsp;In reaction, bank stocks rallied: all six major \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e banks were trading higher on Wednesday, with Citigroup up approximately 0.8%. None, though, surged as much as the S\u0026amp;P 500, which gained nearly 2%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Federal Reserve accelerated its efforts to reverse its easy-money policies by approving another unusually hefty interest rate hike and warning that more hikes were likely to follow to battle \u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003einflation\u003c/a\u003e, which is at a 40-year high.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/wall-street-sees-stocks-rise-after-new-fed-rate-hike-711438/\\\\\\\"\u003eWall Street sees stocks rise after new Fed rate hike\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Officials decided on Wednesday to raise their benchmark federal-funds rate by 0.75 percentage points, bringing it to a range of 2.25% to 2.5%. The 12-member rate-setting committee unanimously supported the rate hike.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T01:34:06+05:30","publisher":0,"sourceFeed":null,"cleanText":"Treasury yields have fallen after Fed Chairman Jerome Powell stated that slowing the pace of interest-rate rises is likely. Mr Powell has also stated that the extent of future rate hikes will be determined by economic statistics. He hinted that the Fed would not offer as much guidance about future rate hikes as it has up to this point in the year, instead opting for a meeting-by-meeting approach. Also Read | Bitcoin jumps 8%, Ethereum 15% as Fed decision meets expectations,The two-year yield recently fell to 2.986%, from 3.041%. The 10-year yield recently fell to 2.734%, from 2.786%. Yields rose somewhat after Mr Powell stated that the United States is not currently in a recession, noting the strength of the labour market. Stocks rose after the Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point on Wednesday afternoon, as expected. Also Read | US economy not in recession, says Fed chair Jerome Powell,Indexes in the United States rose as a result of positive earnings reports. The S\u0026P 500 was up nearly 2% while the tech-heavy Nasdaq Composite was up 3.47% and Dow Jones Industrial Average was up 1.19%. Ten of the S\u0026P 500's 100 sectors were currently in the green, with communications services and information technology stocks leading the gainers. Also Read | ‘Another unusually large increase could be appropriate’ says Fed chair Jerome Powell, In reaction, bank stocks rallied: all six major US banks were trading higher on Wednesday, with Citigroup up approximately 0.8%. None, though, surged as much as the S\u0026P 500, which gained nearly 2%. The Federal Reserve accelerated its efforts to reverse its easy-money policies by approving another unusually hefty interest rate hike and warning that more hikes were likely to follow to battle inflation, which is at a 40-year high. Also Read | Wall Street sees stocks rise after new Fed rate hike,Officials decided on Wednesday to raise their benchmark federal-funds rate by 0.75 percentage points, bringing it to a range of 2.25% to 2.5%. The 12-member rate-setting committee unanimously supported the rate hike.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,the United States,Treasury,Jerome Powell,Powell,the Federal Reserve,Dow Jones Industrial Average,the S 500's,US,Citigroup,the S 500,The Federal Reserve","originalPublishedOn":"2022-07-28T01:33:39+05:30"}},{"node":{"id":"qfmZJUt7VxjU","slug":"english/us-economy-not-in-recession-says-fed-chair-jerome-powell","slugV2":"business/us-economy-not-in-recession-says-fed-chair-jerome-powell-711451/","title":"US economy not in recession, says Fed chair Jerome Powell","postType":1,"coverMedia":"/opoyi_l4alTG1XO.jpg","coverCaption":"Federal Reserve accelerated its efforts to reverse its easy-money policies (Photo Credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T01:41:25+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eJerome Powell does not think that the United States is in a recession\u003c/li\u003e\n \u003cli\u003eHe said that that the labour market is a source of strength\u003c/li\u003e\n \u003cli\u003eFed raised federal-funds rate by 0.75 percentage points on Wednesday\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658952685595,\\\"strCount\\\":3465,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/world/who-is-jerome-powell-302598/\\\\\\\"\u003eJerome Powell\u003c/a\u003e, the chairman of the \u003ca href=\\\\\\\"https://opoyi.com/business/fed-raises-benchmark-interest-rate-to-fight-high-inflation-711395/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e, told reporters on Wednesday that the labour market is a source of strength and that he does not think the United States is in a \u003ca href=\\\\\\\"https://opoyi.com/business/why-global-economy-is-not-in-recession-yet-709207/\\\\\\\"\u003erecession\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Mr Powell said: “2.7 million people hired in the first half of the year, it doesn’t make sense that the economy would be in recession.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He also said he hasn’t seen the second-quarter gross domestic product report set for release Thursday morning. But he cautioned the report will likely not be the last word on second-quarter growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-rate-hike-another-unusually-large-increase-could-be-appropriate-says-jerome-powell-711445/\\\\\\\"\u003e‘Another unusually large increase could be appropriate’ says Fed chair Jerome Powell\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Generally the GDP numbers do have a tendency to be revised pretty significantly,” he said. “You tend to take first GDP reports with a grain of salt.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Federal Reserve accelerated its efforts to reverse its easy-money policies by approving another unusually hefty interest rate hike and warning that more hikes were likely to follow to battle \u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003einflation\u003c/a\u003e, which is at a 40-year high.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/wall-street-sees-stocks-rise-after-new-fed-rate-hike-711438/\\\\\\\"\u003eWall Street sees stocks rise after new Fed rate hike\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Officials decided on Wednesday to raise their benchmark federal-funds rate by 0.75 percentage points, bringing it to a range of 2.25% to 2.5%. The 12-member rate-setting committee unanimously supported the rate hike.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Officials noted signs of slower economic activity since their last meeting in a policy statement issued following the completion of their two-day meeting. “Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months,” the statement said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-rate-hike-bank-stocks-rise-following-announcement-711431/\\\\\\\"\u003eUS Fed rate hike: Bank stocks rise following announcement\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“We want to hear what Fed Chairman Jerome Powell is thinking about the inflation outlook and what he is thinking about the growth outlook. But we have to be careful. We’ve learned in the last couple of months that we can’t read too much into any broad guidance,” said Seema Shah, chief global strategist at Principal Global Investors.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/stocks-surge-as-us-fed-hikes-interest-rate-by-75-basis-points-711422/\\\\\\\"\u003eStocks surge as US Fed hikes interest rate by 75 basis points\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“It doesn’t mean that a recession isn’t going to happen within the next couple of quarters,” Ms. Shah said. “This is your ultimate bear-market rally”.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eWhy is the US Fed Reserve hiking interest rates?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors have grown highly worried that the Fed could push the US into a recession through tighter policy.\u0026nbsp;Second-quarter gross-domestic product data on Thursday will\\\\nprovide information into the economy’s recent performance.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"USEconomy","slug":"useconomy","id":"xuPbZjQlomEt","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T01:10:45+05:30","publisher":0,"sourceFeed":null,"cleanText":"Jerome Powell, the chairman of the Federal Reserve, told reporters on Wednesday that the labour market is a source of strength and that he does not think the United States is in a recession. Mr Powell said: “2.7 million people hired in the first half of the year, it doesn’t make sense that the economy would be in recession.”,He also said he hasn’t seen the second-quarter gross domestic product report set for release Thursday morning. But he cautioned the report will likely not be the last word on second-quarter growth. Also Read | ‘Another unusually large increase could be appropriate’ says Fed chair Jerome Powell,“Generally the GDP numbers do have a tendency to be revised pretty significantly,” he said. “You tend to take first GDP reports with a grain of salt.”,The Federal Reserve accelerated its efforts to reverse its easy-money policies by approving another unusually hefty interest rate hike and warning that more hikes were likely to follow to battle inflation, which is at a 40-year high. Also Read | Wall Street sees stocks rise after new Fed rate hike,Officials decided on Wednesday to raise their benchmark federal-funds rate by 0.75 percentage points, bringing it to a range of 2.25% to 2.5%. The 12-member rate-setting committee unanimously supported the rate hike. Officials noted signs of slower economic activity since their last meeting in a policy statement issued following the completion of their two-day meeting. “Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months,” the statement said. Also Read | US Fed rate hike: Bank stocks rise following announcement,“We want to hear what Fed Chairman Jerome Powell is thinking about the inflation outlook and what he is thinking about the growth outlook. But we have to be careful. We’ve learned in the last couple of months that we can’t read too much into any broad guidance,” said Seema Shah, chief global strategist at Principal Global Investors. ,Also Read | Stocks surge as US Fed hikes interest rate by 75 basis points,“It doesn’t mean that a recession isn’t going to happen within the next couple of quarters,” Ms. Shah said. “This is your ultimate bear-market rally”. Also Read | Why is the US Fed Reserve hiking interest rates?,Investors have grown highly worried that the Fed could push the US into a recession through tighter policy. Second-quarter gross-domestic product data on Thursday will provide information into the economy’s recent performance.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Jerome Powell,the Federal Reserve,the United States,Powell,The Federal Reserve,Jerome Powell Statement, Federal Reserve statement, Fed rate Hike, Fed news, Fed statement, US economy, Business, Business news, Inflation US inflation,USA economy,Fed fund rat","originalPublishedOn":"2022-07-28T01:10:45+05:30"}},{"node":{"id":"guWlBuPBiMBe","slug":"english/us-fed-rate-hike-another-unusually-large-increase-could-be-appropriate-says-jerome-powell","slugV2":"business/us-fed-rate-hike-another-unusually-large-increase-could-be-appropriate-says-jerome-powell-711445/","title":"‘Another unusually large increase could be appropriate’ says Fed chair Jerome Powell","postType":1,"coverMedia":"https://ik.imagekit.io/o8plo3y5if/opoyi_fxVGmeQXg.jpg","coverCaption":"The Federal Reserve accelerated its efforts to reverse its easy-money policies (Photo credit:AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T01:44:42+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eFed raised the benchmark federal-funds rate by 0.75 percentage points\u003c/li\u003e\n \u003cli\u003eThe Fed agreed to its second consecutive rate hike of that scale\u003c/li\u003e\n \u003cli\u003eThe 12-member rate-setting committee unanimously supported the rate hike\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658952883714,\\\"strCount\\\":3047,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Fed Chair \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-jerome-powell-302598/\\\\\\\"\u003eJerome Powell\u003c/a\u003e began his press conference by highlighting the possibility of another 0.75 percentage point rate hike at the next meeting.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Another unusually large increase could be appropriate\\\\\\\" at the September meeting, he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On Wednesday, the Fed agreed to its second consecutive rate hike of that scale. However, the slowing economy has raised concerns about the \u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eFed's future policy direction\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/impact-of-fed-rate-on-us-stocks-and-bond-markets-710558/\\\\\\\"\u003eImpact of Fed rates on US stocks and bond markets\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nothing was put in stone, according to Mr Powell. \u003ca href=\\\\\\\"https://opoyi.com/business/why-us-inflation-is-going-up-and-when-will-it-come-down-438404/\\\\\\\"\u003eInflation\u003c/a\u003e has surprised him, he says. “Further surprises could be in store,” he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Still, he made that today's hike was likely not the last rate increase.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"There's probably significant additional tightening in the pipeline,\\\\\\\" he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-does-a-federal-fund-rate-hike-work-710618/\\\\\\\"\u003eHow does a Federal fund rate hike work?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Federal Reserve accelerated its efforts to reverse its easy-money policies by approving another unusually hefty interest rate hike and warning that more hikes were likely to follow to battle inflation, which is at a 40-year high.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-the-us-fed-rate-hike-will-impact-you-710596/\\\\\\\"\u003eHow the US Fed rate hike will impact you?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Officials decided on Wednesday to raise their benchmark federal-funds rate by 0.75 percentage points, bringing it to a range of 2.25% to 2.5%. The 12-member rate-setting committee unanimously supported the rate hike.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-to-survive-a-market-crash-694936/\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Officials noted signs of slower economic activity since their last meeting in a policy statement issued following the completion of their two-day meeting. “Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months,” the statement said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Today's increase in the target range is the second 75 base point increase in as many meetings,\\\\\\\" Powell said. \\\\\\\"While another unusually large increase could be appropriate at our next meeting, that is a decision that will depend on the data we get between now and then\\\\\\\" he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/fed-rate-hike-impact-on-crypto-market-711124/\\\\\\\"\u003eFed rate hike impact on crypto market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Powell said the Federal Reserve will make decisions moving forward meeting by meeting and it will communicate our thinking as clearly as possible.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"USEconomy","slug":"useconomy","id":"xuPbZjQlomEt","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T00:52:31+05:30","publisher":0,"sourceFeed":null,"cleanText":"Fed Chair Jerome Powell began his press conference by highlighting the possibility of another 0.75 percentage point rate hike at the next meeting. Another unusually large increase could be appropriate at the September meeting, he said. On Wednesday, the Fed agreed to its second consecutive rate hike of that scale. However, the slowing economy has raised concerns about the Fed's future policy direction. Also Read | Impact of Fed rates on US stocks and bond markets,Nothing was put in stone, according to Mr Powell. Inflation has surprised him, he says. “Further surprises could be in store,” he said. Still, he made that today's hike was likely not the last rate increase. There's probably significant additional tightening in the pipeline, he said. Also Read | How does a Federal fund rate hike work?,The Federal Reserve accelerated its efforts to reverse its easy-money policies by approving another unusually hefty interest rate hike and warning that more hikes were likely to follow to battle inflation, which is at a 40-year high. Also Read | How the US Fed rate hike will impact you?,Officials decided on Wednesday to raise their benchmark federal-funds rate by 0.75 percentage points, bringing it to a range of 2.25% to 2.5%. The 12-member rate-setting committee unanimously supported the rate hike. Also Read | How to survive a market crash,Officials noted signs of slower economic activity since their last meeting in a policy statement issued following the completion of their two-day meeting. “Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months,” the statement said. Also Read | US inflation rate at a 40-year high | A timeline: 1930-2022,Today's increase in the target range is the second 75 base point increase in as many meetings, Powell said. While another unusually large increase could be appropriate at our next meeting, that is a decision that will depend on the data we get between now and then he said. Also Read | Fed rate hike impact on crypto market,Powell said the Federal Reserve will make decisions moving forward meeting by meeting and it will communicate our thinking as clearly as possible.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,Jerome Powell,The Federal Reserve,Federal Reserve, Jerome Powell Statement, Jerome Powell speech, Fed chair speech,US economy, Fed rate hike, Fed meeting, Business, US economy, Federal Reserve meeting, share market,Inflation, US inflation","originalPublishedOn":"2022-07-28T00:50:24+05:30"}},{"node":{"id":"hv0M0rBS8BMu","slug":"english/wall-street-sees-stocks-rise-after-new-fed-rate-hike","slugV2":"business/wall-street-sees-stocks-rise-after-new-fed-rate-hike-711438/","title":"Wall Street sees stocks rise after new Fed rate hike","postType":1,"coverMedia":"/opoyi_bgn_2YJkM.jpg","coverCaption":"Traders working on Wall Street. (Photo Credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T00:47:42+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eStocks on Wall Street rose after the Federal Reserve hiked key interest rate\u0026nbsp;\u003c/li\u003e\n \u003cli\u003eThis is the second three-quarters of a point hike in a row\u003c/li\u003e\n \u003cli\u003eIt raises benchmark short-term rates to highest levels since 2018\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658949461553,\\\"strCount\\\":3990,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks on Wall Street are solidly higher in afternoon trading Wednesday after the \u003ca href=\\\\\\\"https://opoyi.com/usa/why-us-federal-reserves-policy-stance-may-be-working-517392/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e raised its key interest rate by a widely expected three-quarters of a point as the central bank ratchets up its campaign to quell \u003ca href=\\\\\\\"https://opoyi.com/business/where-to-invest-during-high-inflation-710394/\\\\\\\"\u003esurging inflation\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed's move, its second three-quarters of a point hike in row, raises its benchmark short-term rate to the highest level since 2018.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 was up 1.5%, little changed from where it was right before the 2 p.m. Eastern release of the \u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-begins-policy-meeting-with-the-goal-of-taming-inflation-710425/\\\\\\\"\u003eFed policy statement\u003c/a\u003e. The benchmark index's latest gains more than make up for its losses from a day earlier. The Dow Jones Industrial Average was up 0.4% and the technology-heavy Nasdaq Composite was up 2.6%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Smaller company stocks also gained ground, lifting the Russell 2000 by a percent.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bond yields were mixed. The two-year Treasury yield, which tends to move with expectations for the Fed, rose to 3.08% from 3.06% late Tuesday. The 10-year yield, which influences mortgage rates, fell to 2.77% from 2.79%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wall Street had correctly predicted the size of the hike, which is triple the usual size and the Fed's fourth rate hike this year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Such increases make borrowing more expensive, slowing the economy. The hope is that the Fed and other central banks can deftly find the middle ground where the economy slows enough to whip inflation but not enough to cause a recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank’s decision comes as inflation has accelerated to 9.1%, the fastest annual pace in 41 years.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The move could mean less pressure on stocks, particularly tech stocks and others seen as relatively expensive.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Technology and communication services stocks accounted for a big share of the S\u0026amp;P 500′s gains. Nvidia rose 5.4% and Netflix added 4%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks have been choppy this week following solid gains last week that were mainly fueled by better-than-expected reports on corporate profits.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation remains at the forefront of investors’ minds, however. Markets were spooked Monday after retail giant Walmart warned that its profits are being hurt by rising prices for food and gas, which are forcing shoppers to cut back on more profitable discretionary items such as clothing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The retailer’s profit warning in the middle of the quarter was rare and raised worries about how the highest inflation in 40 years is affecting the entire retail sector.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors kept an eye on the latest batch of corporate earnings reports Wednesday, including strong earnings from Google's owner Alphabet and Microsoft.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shares in Microsoft and Google parent Alphabet rose 5.1% and 6.8%, respectively, after their latest quarterly reports. Boeing shares slipped 0.8% despite the aerospace company reporting it delivered more planes in the first quarter than it has since the start of the pandemic.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/business/what-us-housing-market-entering-a-recession-means-711205/\\\\\\\"\u003eWhat US housing market entering a recession means\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Retailers, restaurant chains and other companies that rely on direct consumer spending also helped lift the market. Chipotle Mexican Grill jumped 12.7% after the restaurant chain reported second-quarter earnings that beat analysts’ forecasts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Spotify Technology vaulted 11.5% after the music streaming service reported monthly active user and premium subscriber numbers that exceeded the Street’s expectations.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors will get quarterly results from Ford Motor Co. as well as Facebook’s parent company Meta Platforms after the closing bell.\\\"}}]}","relatedPosts":null,"location":{"name":"New York, NY, USA"},"createdBy":{"name":"Shuvrajit Das Biswas","photo":"https://opoyi.com/images/opoyi_qZHZQaZRe.jpg?tr=w-600,q-70,dpr","username":"shuvrajit","id":"rq7gYqKJkLkE","role":null},"topics":[{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"StockExchange","slug":"stockexchange","id":"OH9GDHEEbwFC","isSection":0},{"name":"Stock","slug":"stock","id":"uZuvdp8bQRRG","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"AP","id":"8dFR8PhLJl4s","username":"associatedpress","role":8,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T00:47:39+05:30","publisher":0,"sourceFeed":null,"cleanText":"Stocks on Wall Street are solidly higher in afternoon trading Wednesday after the Federal Reserve raised its key interest rate by a widely expected three-quarters of a point as the central bank ratchets up its campaign to quell surging inflation. The Fed's move, its second three-quarters of a point hike in row, raises its benchmark short-term rate to the highest level since 2018. The S\u0026P 500 was up 1.5%, little changed from where it was right before the 2 p.m. Eastern release of the Fed policy statement. The benchmark index's latest gains more than make up for its losses from a day earlier. The Dow Jones Industrial Average was up 0.4% and the technology-heavy Nasdaq Composite was up 2.6%. Smaller company stocks also gained ground, lifting the Russell 2000 by a percent. Bond yields were mixed. The two-year Treasury yield, which tends to move with expectations for the Fed, rose to 3.08% from 3.06% late Tuesday. The 10-year yield, which influences mortgage rates, fell to 2.77% from 2.79%. Wall Street had correctly predicted the size of the hike, which is triple the usual size and the Fed's fourth rate hike this year. Such increases make borrowing more expensive, slowing the economy. The hope is that the Fed and other central banks can deftly find the middle ground where the economy slows enough to whip inflation but not enough to cause a recession. Also Read | The 2008 market crash: Inside the doomsday machine and a brief history,The central bank’s decision comes as inflation has accelerated to 9.1%, the fastest annual pace in 41 years. The move could mean less pressure on stocks, particularly tech stocks and others seen as relatively expensive. Technology and communication services stocks accounted for a big share of the S\u0026P 500′s gains. Nvidia rose 5.4% and Netflix added 4%. Stocks have been choppy this week following solid gains last week that were mainly fueled by better-than-expected reports on corporate profits. Inflation remains at the forefront of investors’ minds, however. Markets were spooked Monday after retail giant Walmart warned that its profits are being hurt by rising prices for food and gas, which are forcing shoppers to cut back on more profitable discretionary items such as clothing. The retailer’s profit warning in the middle of the quarter was rare and raised worries about how the highest inflation in 40 years is affecting the entire retail sector. Investors kept an eye on the latest batch of corporate earnings reports Wednesday, including strong earnings from Google's owner Alphabet and Microsoft. Shares in Microsoft and Google parent Alphabet rose 5.1% and 6.8%, respectively, after their latest quarterly reports. Boeing shares slipped 0.8% despite the aerospace company reporting it delivered more planes in the first quarter than it has since the start of the pandemic. Also Read | What US housing market entering a recession means,Retailers, restaurant chains and other companies that rely on direct consumer spending also helped lift the market. Chipotle Mexican Grill jumped 12.7% after the restaurant chain reported second-quarter earnings that beat analysts’ forecasts. Spotify Technology vaulted 11.5% after the music streaming service reported monthly active user and premium subscriber numbers that exceeded the Street’s expectations. Investors will get quarterly results from Ford Motor Co. as well as Facebook’s parent company Meta Platforms after the closing bell.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"40.7128","longitude":"-74.006","name":"New York, NY, USA","city":"New York City"},"keywords":"Fed,Google,Alphabet,Microsoft,the Federal Reserve,The S 500,Treasury,Netflix,Boeing,Chipotle Mexican Grill,Spotify Technology,Ford Motor Co.,Meta Platforms","originalPublishedOn":"2022-07-28T00:47:39+05:30"}},{"node":{"id":"Te0nKSeWJvwG","slug":"english/us-fed-rate-hike-bank-stocks-rise-following-announcement","slugV2":"business/us-fed-rate-hike-bank-stocks-rise-following-announcement-711431/","title":"US Fed rate hike: Bank stocks rise following announcement","postType":1,"coverMedia":"/opoyi_x67aYkM31.jpg","coverCaption":"Stocks are on the way to ending July on a positive note (Photo credit: Representational/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T01:46:43+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Fed hiked interest rates by 0.75 percentage points on Wednesday\u003c/li\u003e\n \u003cli\u003eAll six major US banks were trading higher with Citigroup up approximately 0.8%\u003c/li\u003e\n \u003cli\u003eHigher interest rates are expected to benefit banks by making lending more profitable\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658953004659,\\\"strCount\\\":2864,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-hikes-interest-rate-by-75-basis-points-to-fight-inflation-711312/\\\\\\\"\u003eFed hiked interest rates\u003c/a\u003e by 0.75 percentage points on Wednesday, as expected, and stated in a statement that more rises are inevitable. In reaction, bank stocks rallied: all six major \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e banks were trading higher on Wednesday, with Citigroup up approximately 0.8%. None, though, surged as much as the S\u0026amp;P 500, which gained nearly 2%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-rate-hike-another-unusually-large-increase-could-be-appropriate-says-jerome-powell-711445/\\\\\\\"\u003e‘Another unusually large increase could be appropriate’ says Fed chair Jerome Powell\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shareholders may be delighted with even tiny returns. Higher interest rates are expected to benefit banks by making lending more profitable, but this year's trade results do not support the premise. Fears about an impending recession have caused the KBW Nasdaq Bank Index to fall almost 20% in 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/wall-street-sees-stocks-rise-after-new-fed-rate-hike-711438/\\\\\\\"\u003eWall Street sees stocks rise after new Fed rate hike\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indexes in the United States rose as a result of positive earnings reports. The S\u0026amp;P 500 was up nearly 2% while the tech-heavy Nasdaq Composite was up 3.47% and Dow Jones Industrial Average was up 1.19%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/stocks-surge-as-us-fed-hikes-interest-rate-by-75-basis-points-711422/\\\\\\\"\u003eStocks surge as US Fed hikes interest rate by 75 basis points\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"They were at 1.5%, 2.6%, and 0.4%, respectively, shortly after the announcement.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 10-year Treasury yield, which was at 2.765%\u0026nbsp; prior to the announcement, was at the same level.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/fed-raises-benchmark-interest-rate-to-fight-high-inflation-711395/\\\\\\\"\u003eFed raises benchmark interest rate to fight high inflation\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks are on the way to ending July on a positive note. However, many investors don’t expect the gains to be long-lasting. Investors have been highly concerned that the Fed could lead the \u003ca href=\\\\\\\"https://opoyi.com/business/impact-of-fed-rate-on-us-stocks-and-bond-markets-710558/\\\\\\\"\u003eUS economy\u003c/a\u003e into a \u003ca href=\\\\\\\"https://opoyi.com/business/why-global-economy-is-not-in-recession-yet-709207/\\\\\\\"\u003erecession \u003c/a\u003ethrough tighter policy. Second-quarter gross domestic product (GDP) data on Thursday will provide insights into the economy’s recent performance.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eWhy is the US Fed Reserve hiking interest rates?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors are also watching earnings reports this week, the busiest week of the earnings season, for hints about how companies are surviving decades-high inflation.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Bank","slug":"bank","id":"3qqcXJ1ffKSS","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T00:31:07+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Fed hiked interest rates by 0.75 percentage points on Wednesday, as expected, and stated in a statement that more rises are inevitable. In reaction, bank stocks rallied: all six major US banks were trading higher on Wednesday, with Citigroup up approximately 0.8%. None, though, surged as much as the S\u0026P 500, which gained nearly 2%. Also Read | ‘Another unusually large increase could be appropriate’ says Fed chair Jerome Powell,Shareholders may be delighted with even tiny returns. Higher interest rates are expected to benefit banks by making lending more profitable, but this year's trade results do not support the premise. Fears about an impending recession have caused the KBW Nasdaq Bank Index to fall almost 20% in 2022. Also Read | Wall Street sees stocks rise after new Fed rate hike,Indexes in the United States rose as a result of positive earnings reports. The S\u0026P 500 was up nearly 2% while the tech-heavy Nasdaq Composite was up 3.47% and Dow Jones Industrial Average was up 1.19%. Also Read | Stocks surge as US Fed hikes interest rate by 75 basis points,They were at 1.5%, 2.6%, and 0.4%, respectively, shortly after the announcement. The 10-year Treasury yield, which was at 2.765% prior to the announcement, was at the same level. Also Read | Fed raises benchmark interest rate to fight high inflation,Stocks are on the way to ending July on a positive note. However, many investors don’t expect the gains to be long-lasting. Investors have been highly concerned that the Fed could lead the US economy into a recession through tighter policy. Second-quarter gross domestic product (GDP) data on Thursday will provide insights into the economy’s recent performance. ,Also Read | Why is the US Fed Reserve hiking interest rates?,Investors are also watching earnings reports this week, the busiest week of the earnings season, for hints about how companies are surviving decades-high inflation.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,US,Citigroup,the S 500,KBW Nasdaq Bank,the United States,Treasury,Bank stocks, Share market, stock market, US stock market, Nasdaq,Jerome Powell Shareholders,Dow Jones Industrial Average,US Fed,the US Fed Reserve","originalPublishedOn":"2022-07-28T00:31:07+05:30"}},{"node":{"id":"xzskU7baOGVx","slug":"english/stocks-surge-as-us-fed-hikes-interest-rate-by-75-basis-points","slugV2":"business/stocks-surge-as-us-fed-hikes-interest-rate-by-75-basis-points-711422/","title":"Stocks surge as US Fed hikes interest rate by 75 basis points","postType":1,"coverMedia":"/opoyi_wwJVVNP9SiNb.jpg","coverCaption":"A pedestrian passes the New York Stock Exchange. (Photo credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T01:49:41+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eStocks rose after the Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point\u003c/li\u003e\n \u003cli\u003eThe 10-year Treasury yield was at the same level\u003c/li\u003e\n \u003cli\u003eHigher rates are giving bank stocks a moderate lift\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658953183021,\\\"strCount\\\":3295,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/impact-of-fed-rate-on-us-stocks-and-bond-markets-710558/\\\\\\\"\u003eStocks \u003c/a\u003erose after the \u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e raised its benchmark interest rate by three-quarters of a percentage point on Wednesday afternoon, as expected.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indexes in the United States rose as a result of positive earnings reports. The S\u0026amp;P 500 was up nearly 2% while the tech-heavy Nasdaq Composite was up 3.47% and Dow Jones Industrial Average was up 1.19%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-hikes-interest-rate-by-75-basis-points-to-fight-inflation-711312/\\\\\\\"\u003eUS Fed hikes interest rate by 75 basis points to fight inflation\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"They were at 1.5%, 2.6%, and 0.4%, respectively, shortly after the announcement.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 10-year Treasury yield, which was at 2.765%\u0026nbsp; prior to the announcement, was at the same level.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Higher rates are giving bank stocks a moderate lift.\u0026nbsp;All six major US banks traded higher, with Citigroup up about 0.8%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-rate-hike-bank-stocks-rise-following-announcement-711431/\\\\\\\"\u003eUS Fed rate hike: Bank stocks rise following announcement\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ten of the S\u0026amp;P 500's 100 sectors were currently in the green, with communications services and information technology stocks leading the gainers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors will be watching for any hints from central banks on the size of further interest-rate hikes this year and whether officials expect to then turn around and start cutting next year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/fed-raises-benchmark-interest-rate-to-fight-high-inflation-711395/\\\\\\\"\u003eFed raises benchmark interest rate to fight high inflation\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The US stock market has performed well on days when the Fed raised rates this year, said Bespoke Investment Group. A 0.75 percentage point hike marks the Fed’s second consecutive raise of that magnitude this year. The Fed hasn’t increased rates that quickly since the 1980s.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“We want to hear what Fed Chairman \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-jerome-powell-302598/\\\\\\\"\u003eJerome Powell\u003c/a\u003e is thinking about the \u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003einflation \u003c/a\u003eoutlook and what he is thinking about the growth outlook,” said Seema Shah, chief global strategist at Principal Global Investors. “But we have to be careful. We’ve learned in the last couple of months that we can’t read too much into any broad guidance,” she added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s-711126/\\\\\\\"\u003eHow Paul Volcker tamed inflation with two recessions in 1980s\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Short-term yields have increased this year as investors prepared for the Fed to keep aggressively raising interest rates, keeping the US Treasury yield curve inverted. The indicator is often viewed as a key recession predictor.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks are on track to close July with gains, though many analysts don’t expect gains to be long-lasting. \\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T00:18:18+05:30","publisher":0,"sourceFeed":null,"cleanText":"Stocks rose after the Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point on Wednesday afternoon, as expected. Indexes in the United States rose as a result of positive earnings reports. The S\u0026P 500 was up nearly 2% while the tech-heavy Nasdaq Composite was up 3.47% and Dow Jones Industrial Average was up 1.19%. Also Read | US Fed hikes interest rate by 75 basis points to fight inflation,They were at 1.5%, 2.6%, and 0.4%, respectively, shortly after the announcement. The 10-year Treasury yield, which was at 2.765% prior to the announcement, was at the same level. Higher rates are giving bank stocks a moderate lift. All six major US banks traded higher, with Citigroup up about 0.8%. Also Read | US Fed rate hike: Bank stocks rise following announcement,Ten of the S\u0026P 500's 100 sectors were currently in the green, with communications services and information technology stocks leading the gainers. Investors will be watching for any hints from central banks on the size of further interest-rate hikes this year and whether officials expect to then turn around and start cutting next year. Also Read | Fed raises benchmark interest rate to fight high inflation,The US stock market has performed well on days when the Fed raised rates this year, said Bespoke Investment Group. A 0.75 percentage point hike marks the Fed’s second consecutive raise of that magnitude this year. The Fed hasn’t increased rates that quickly since the 1980s. Also Read | The 2008 market crash: Inside the doomsday machine and a brief history,“We want to hear what Fed Chairman Jerome Powell is thinking about the inflation outlook and what he is thinking about the growth outlook,” said Seema Shah, chief global strategist at Principal Global Investors. “But we have to be careful. We’ve learned in the last couple of months that we can’t read too much into any broad guidance,” she added. Also Read | How Paul Volcker tamed inflation with two recessions in 1980s,Short-term yields have increased this year as investors prepared for the Fed to keep aggressively raising interest rates, keeping the US Treasury yield curve inverted. The indicator is often viewed as a key recession predictor. Stocks are on track to close July with gains, though many analysts don’t expect gains to be long-lasting.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"the Federal Reserve,the United States,Dow Jones Industrial Average,Treasury,Fed,US,Citigroup,the S 500's,Bespoke Investment Group,Jerome Powell,Seema Shah,Principal Global Investors,Paul Volcker","originalPublishedOn":"2022-07-28T00:18:18+05:30"}},{"node":{"id":"HvFF3gNpjqaA","slug":"english/fed-raises-benchmark-interest-rate-to-fight-high-inflation","slugV2":"business/fed-raises-benchmark-interest-rate-to-fight-high-inflation-711395/","title":"Fed raises benchmark interest rate to fight high inflation","postType":1,"coverMedia":"/opoyi_h-18BAm_G.jpg","coverCaption":"Federal Reserve Chairman Jerome Powell. (Photo Credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T00:02:38+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Federal Reserve raised benchmark interest rate by three-quarters of a point\u0026nbsp;\u003c/li\u003e\n \u003cli\u003eThis is the second straight time they've hiked rates to curb inflation\u003c/li\u003e\n \u003cli\u003eThe move raises key rate affecting many consumer and business loans\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658946757779,\\\"strCount\\\":5302,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/usa/why-us-federal-reserves-policy-stance-may-be-working-517392/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e on Wednesday raised its \u003ca href=\\\\\\\"https://opoyi.com/india/why-interest-rates-are-being-hiked-globally-192693/\\\\\\\"\u003ebenchmark interest rate\u003c/a\u003e by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame\u003ca href=\\\\\\\"https://opoyi.com/business/where-to-invest-during-high-inflation-710394/\\\\\\\"\u003e high inflation\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed’s move will raise its key rate, which affects many consumer and business loans, to a range of 2.25% to 2.5%, its highest level since 2018.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank’s decision follows a jump in inflation to 9.1%, the fastest annual rate in 41 years, and reflects its strenuous efforts to slow price gains across the economy. By raising borrowing rates, the Fed makes it costlier to take out a mortgage or an auto or business loan. Consumers and businesses then presumably borrow and spend less, cooling the economy and slowing inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed is tightening credit even while the economy has begun to slow, thereby heightening the risk that its rate hikes will cause a recession later this year or next. The surge in inflation and fear of a recession have eroded consumer confidence and stirred public anxiety about the economy, which is sending frustratingly mixed signals.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eWhy is the US Fed Reserve hiking interest rates?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"With the November midterm elections nearing, Americans’ discontent has diminished President Joe Biden’s public approval ratings and increased the likelihood that the Democrats will lose control of the House and Senate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed’s moves to sharply tighten credit have torpedoed the housing market, which is especially sensitive to interest rate changes. The average rate on a 30-year fixed mortgage has roughly doubled in the past year, to 5.5%, and home sales have tumbled.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"At the same time, consumers are showing signs of cutting spending in the face of high prices. And business surveys suggest that sales are slowing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank is betting that it can slow growth just enough to tame inflation yet not so much as to trigger a recession — a risk that many analysts fear may end badly.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In a statement the Fed issued after its latest policy meeting ended, it acknowledged that while “indicators of spending and production have softened,” “job gains have been robust in recent months, and the unemployment rate has remained low.” The Fed typically assigns high importance to the pace of hiring and pay growth because when more people earn paychecks, the resulting spending can fuel inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On Thursday, when the government estimates the gross domestic product for the April-June period, some economists think it may show that the economy shrank for a second straight quarter. That would meet one longstanding assumption for when a recession has begun.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"But economists say that wouldn’t necessarily mean a recession had started. During those same six months when the overall economy might have contracted, employers added 2.7 million jobs — more than in most entire years before the pandemic. Wages are also rising at a healthy pace, with many employers still struggling to attract and retain enough workers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Still, slowing growth puts the Fed’s policymakers in a high-risk quandary: How high should they raise borrowing rates if the economy is decelerating? Weaker growth, if it causes layoffs and raises unemployment, often reduces inflation on its own.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"That dilemma could become an even more consequential one for the Fed next year, when the economy may be in worse shape and inflation will likely still exceed the central bank’s 2% target.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“How much recession risk are you willing to bear to get (inflation) back to 2%, quickly, versus over the course of several years?” asked Nathan Sheets, a former Fed economist who is global chief economist at Citi. “Those are the kinds of issues they’re going to have to wrestle with.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Economists at Bank of America foresee a “mild” recession later this year. Goldman Sachs analysts estimate a 50-50 likelihood of a recession within two years.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/business/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s-711126/\\\\\\\"\u003eHow Paul Volcker tamed inflation with two recessions in 1980s\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Among analysts who foresee a recession, most predict that it will prove relatively mild. The unemployment rate, they note, is near a 50-year low, and households are overall in solid financial shape, with more cash and smaller debts than after the housing bubble burst in 2008.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Fed officials have suggested that at its new level, their key short-term rate will neither stimulate growth nor restrict it – what they call a “neutral” level. Chair Jerome Powell has said the Fed wants its key rate to reach neutral relatively quickly.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Should the economy continue to show signs of slowing, the Fed may moderate the size of its rate hikes as soon as its next meeting in September, perhaps to a half-point. Such an increase, followed by possibly quarter-point hikes in November and December, would still raise the Fed’s short-term rate to 3.25% to 3.5% by year’s end -- the highest point since 2008.\\\"}}]}","relatedPosts":null,"location":{"name":"Washington D.C., DC, USA"},"createdBy":{"name":"Shuvrajit Das Biswas","photo":"https://opoyi.com/images/opoyi_qZHZQaZRe.jpg?tr=w-600,q-70,dpr","username":"shuvrajit","id":"rq7gYqKJkLkE","role":null},"topics":[{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"AP","id":"8dFR8PhLJl4s","username":"associatedpress","role":8,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T00:02:36+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation. The Fed’s move will raise its key rate, which affects many consumer and business loans, to a range of 2.25% to 2.5%, its highest level since 2018. The central bank’s decision follows a jump in inflation to 9.1%, the fastest annual rate in 41 years, and reflects its strenuous efforts to slow price gains across the economy. By raising borrowing rates, the Fed makes it costlier to take out a mortgage or an auto or business loan. Consumers and businesses then presumably borrow and spend less, cooling the economy and slowing inflation. The Fed is tightening credit even while the economy has begun to slow, thereby heightening the risk that its rate hikes will cause a recession later this year or next. The surge in inflation and fear of a recession have eroded consumer confidence and stirred public anxiety about the economy, which is sending frustratingly mixed signals. Also Read | Why is the US Fed Reserve hiking interest rates?,With the November midterm elections nearing, Americans’ discontent has diminished President Joe Biden’s public approval ratings and increased the likelihood that the Democrats will lose control of the House and Senate. The Fed’s moves to sharply tighten credit have torpedoed the housing market, which is especially sensitive to interest rate changes. The average rate on a 30-year fixed mortgage has roughly doubled in the past year, to 5.5%, and home sales have tumbled. At the same time, consumers are showing signs of cutting spending in the face of high prices. And business surveys suggest that sales are slowing. The central bank is betting that it can slow growth just enough to tame inflation yet not so much as to trigger a recession — a risk that many analysts fear may end badly. In a statement the Fed issued after its latest policy meeting ended, it acknowledged that while “indicators of spending and production have softened,” “job gains have been robust in recent months, and the unemployment rate has remained low.” The Fed typically assigns high importance to the pace of hiring and pay growth because when more people earn paychecks, the resulting spending can fuel inflation. On Thursday, when the government estimates the gross domestic product for the April-June period, some economists think it may show that the economy shrank for a second straight quarter. That would meet one longstanding assumption for when a recession has begun. But economists say that wouldn’t necessarily mean a recession had started. During those same six months when the overall economy might have contracted, employers added 2.7 million jobs — more than in most entire years before the pandemic. Wages are also rising at a healthy pace, with many employers still struggling to attract and retain enough workers. Still, slowing growth puts the Fed’s policymakers in a high-risk quandary: How high should they raise borrowing rates if the economy is decelerating? Weaker growth, if it causes layoffs and raises unemployment, often reduces inflation on its own. That dilemma could become an even more consequential one for the Fed next year, when the economy may be in worse shape and inflation will likely still exceed the central bank’s 2% target. “How much recession risk are you willing to bear to get (inflation) back to 2%, quickly, versus over the course of several years?” asked Nathan Sheets, a former Fed economist who is global chief economist at Citi. “Those are the kinds of issues they’re going to have to wrestle with.”,Economists at Bank of America foresee a “mild” recession later this year. Goldman Sachs analysts estimate a 50-50 likelihood of a recession within two years. Also Read | How Paul Volcker tamed inflation with two recessions in 1980s,Among analysts who foresee a recession, most predict that it will prove relatively mild. The unemployment rate, they note, is near a 50-year low, and households are overall in solid financial shape, with more cash and smaller debts than after the housing bubble burst in 2008. Fed officials have suggested that at its new level, their key short-term rate will neither stimulate growth nor restrict it – what they call a “neutral” level. Chair Jerome Powell has said the Fed wants its key rate to reach neutral relatively quickly. Should the economy continue to show signs of slowing, the Fed may moderate the size of its rate hikes as soon as its next meeting in September, perhaps to a half-point. Such an increase, followed by possibly quarter-point hikes in November and December, would still raise the Fed’s short-term rate to 3.25% to 3.5% by year’s end -- the highest point since 2008.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"38.9072","longitude":"-77.0369","name":"Washington D.C., DC, USA","city":"Washington"},"keywords":"Fed,The Federal Reserve,Americans,Joe Biden,Democrats,House,Senate,Nathan Sheets,Bank of America,Goldman Sachs,Jerome Powell","originalPublishedOn":"2022-07-28T00:02:36+05:30"}},{"node":{"id":"Qgvrc93MycjT","slug":"english/why-is-the-us-fed-reserve-hiking-interest-rates","slugV2":"business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/","title":"Why is the US Fed Reserve hiking interest rates?","postType":1,"coverMedia":"/opoyi_ajGKWZewU.jpg","coverCaption":"Federal funds futures traders predict that the Fed will increase rates from their current range of 1.5% to 1.75% by year's end. (Photo Credit: Representational Image/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-27T23:55:51+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Fed Reserve is under tremendous pressure to hike interest rates\u003c/li\u003e\n \u003cli\u003eFed Chairman Jerome Powell and his peers are poised to approve another 75 basis-point hikes\u003c/li\u003e\n \u003cli\u003eMany economists believe it will take a recession to drastically reduce pricing pressures\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658946351034,\\\"strCount\\\":3773,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The housing market is softening, technology companies are cutting back on hiring, and unemployment claims are inching upward as a result of the Fed's continuous interest rate hikes.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/grim-news-from-walmart-sends-us-markets-tumbling-710336/\\\\\\\"\u003eGrim news from Walmart sends US markets tumbling\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, with \u003ca href=\\\\\\\"https://opoyi.com/topics/inflation/\\\\\\\"\u003einflation\u003c/a\u003e still at a four-decade high, many economists believe it will take a recession – and considerably higher unemployment – to drastically reduce pricing pressures. With such high inflation, the \u003ca href=\\\\\\\"https://opoyi.com/topics/federalreserve/\\\\\\\"\u003eFed Reserve\u003c/a\u003e is under tremendous pressure to reduce the currency in circulation by hiking interest rates to cool off prices a bit.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/5-most-expensive-pieces-of-real-estate-owned-by-billionaires-709809/\\\\\\\"\u003e5 most expensive pieces of real estate owned by billionaires\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“We have to curb things domestically to help \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eus\u003c/a\u003e get where we want to go on inflation,” said Bank of America chief US economist Michael Gapen, who’s forecast a mild recession starting in the second half of 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"After \u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003ehiking rates to the highest since 1994\u003c/a\u003e in June, Fed Chairman Jerome Powell and his peers are poised to approve another 75 basis-point hikes this week, signalling their intention to continue hiking rates in the coming months.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-us-inflation-is-going-up-and-when-will-it-come-down-438404/\\\\\\\"\u003eWhy US inflation is going up and when will it come down\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Powell has stated that failing to achieve price stability would be a \\\\\\\"bigger mistake\\\\\\\" than causing the United States to enter a recession. However, Fed policymakers still believe they can prevent a \u003ca href=\\\\\\\"https://opoyi.com/topics/recession/\\\\\\\"\u003erecession\u003c/a\u003e and provide a gentle landing for the economy.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"They say that the economy has fundamental strengths and have expressed optimism that inflation will subside as fast as it has surged.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In May, inflation, as measured by the Fed's preferred metric, the personal consumption expenditures price index, was 6.3%, significantly over the central bank's 2% target.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003econsumer price index\u003c/a\u003e increased by 9.1% year on year in June. Three-quarters of the goods and services in the CPI basket grew at an annualised pace greater than 4% in June compared to May. CPI inflation measures how the essential budget of a household is impacted due to inflation while \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-wholesale-price-index-wpi-707196/\\\\\\\"\u003eWholesale Price Index\u003c/a\u003e inflation measures the impact on manufacturers and retailers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-global-economy-is-not-in-recession-yet-709207/\\\\\\\"\u003eWhy global economy is not in recession yet\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank confronts a difficult task since at least some of the increasing pressure on inflation stems not from excess demand, which it can manage, but from supply interruptions caused by the \u003ca href=\\\\\\\"https://opoyi.com/topics/russia/\\\\\\\"\u003eRussia\u003c/a\u003e-\u003ca href=\\\\\\\"https://opoyi.com/topics/ukraine/\\\\\\\"\u003eUkraine\u003c/a\u003e war and the pandemic.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Federal funds futures traders predict that the Fed will increase rates from their current range of 1.5% to 1.75% by year's end and then start to reduce them in the second half of 2023.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"BankOfAmerica","slug":"bankofamerica","id":"Dti0qsoQpIWI","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-27T23:55:49+05:30","publisher":0,"sourceFeed":null,"cleanText":"The housing market is softening, technology companies are cutting back on hiring, and unemployment claims are inching upward as a result of the Fed's continuous interest rate hikes. Also Read| Grim news from Walmart sends US markets tumbling,However, with inflation still at a four-decade high, many economists believe it will take a recession – and considerably higher unemployment – to drastically reduce pricing pressures. With such high inflation, the Fed Reserve is under tremendous pressure to reduce the currency in circulation by hiking interest rates to cool off prices a bit. Also Read| 5 most expensive pieces of real estate owned by billionaires,“We have to curb things domestically to help us get where we want to go on inflation,” said Bank of America chief US economist Michael Gapen, who’s forecast a mild recession starting in the second half of 2022. After hiking rates to the highest since 1994 in June, Fed Chairman Jerome Powell and his peers are poised to approve another 75 basis-point hikes this week, signalling their intention to continue hiking rates in the coming months. ,Also Read| Why US inflation is going up and when will it come down,Powell has stated that failing to achieve price stability would be a bigger mistake than causing the United States to enter a recession. However, Fed policymakers still believe they can prevent a recession and provide a gentle landing for the economy. ,They say that the economy has fundamental strengths and have expressed optimism that inflation will subside as fast as it has surged. Also Read| Great Depression to COVID: Top 5 market crashes in American history,In May, inflation, as measured by the Fed's preferred metric, the personal consumption expenditures price index, was 6.3%, significantly over the central bank's 2% target. The consumer price index increased by 9.1% year on year in June. Three-quarters of the goods and services in the CPI basket grew at an annualised pace greater than 4% in June compared to May. CPI inflation measures how the essential budget of a household is impacted due to inflation while Wholesale Price Index inflation measures the impact on manufacturers and retailers. Also Read| Why global economy is not in recession yet,The central bank confronts a difficult task since at least some of the increasing pressure on inflation stems not from excess demand, which it can manage, but from supply interruptions caused by the Russia-Ukraine war and the pandemic. Federal funds futures traders predict that the Fed will increase rates from their current range of 1.5% to 1.75% by year's end and then start to reduce them in the second half of 2023.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,the Fed Reserve,Bank of America,US,Michael Gapen,Jerome Powell,Powell,the United States,Russia","originalPublishedOn":"2022-07-26T21:26:46+05:30"}},{"node":{"id":"IYuX9chzIpG7","slug":"english/us-fed-hikes-interest-rate-by-75-basis-points-to-fight-inflation","slugV2":"business/us-fed-hikes-interest-rate-by-75-basis-points-to-fight-inflation-711312/","title":"US Fed hikes interest rate by 75 basis points to fight inflation","postType":1,"coverMedia":"/opoyi_IPjOrEia9.jpg","coverCaption":"US Federal Reserve Chair Jerome Powell. (Photo credit: Twitter/@federalreserve)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T01:51:08+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eUS Federal Reserve on Wednesday raised interest rates by 75\u0026nbsp;basis points\u003c/li\u003e\n \u003cli\u003eThe Fed makes it costlier to take out a mortgage or business loan by raising interest rate\u003c/li\u003e\n \u003cli\u003eThe unusually large interest rate rise was voted unanimously by central bankers\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658953269471,\\\"strCount\\\":2570,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e \u003ca href=\\\\\\\"https://opoyi.com/topics/federalreserve/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e on Wednesday raised interest rates by 75 basis points or three-quarters of a percentage point to stem a surge in \u003ca href=\\\\\\\"https://opoyi.com/topics/inflation/\\\\\\\"\u003einflation\u003c/a\u003e and flagged a slowing economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-meeting-when-and-where-to-watch-the-fomc-press-conference-710515/\\\\\\\"\u003eUS Fed meeting: When and where to watch the FOMC press conference\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"By raising interest rates, the Fed makes it costlier to take out a mortgage or an auto or business loan. In turn, consumers and businesses will likely borrow and spend less, cooling the economy and slowing inflation.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-us-housing-market-entering-a-recession-means-711205/\\\\\\\"\u003eWhat US housing market entering a recession means\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The unusually large interest rate rise was approved unanimously by central bankers, and the policy-making Federal Open Market Committee suggested in its post-meeting statement that more is on the way, adding that it \\\\\\\"anticipates that ongoing increases in the target range will be appropriate.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eWhy is the US Fed Reserve hiking interest rates?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Federal Reserve's policy rate, which affects other borrowing costs and slows growth, is presently set at a range of 2.25% to 2.5%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In March, the Fed began raising interest rates from near-zero levels, and officials have accelerated the pace since then. After beginning with a quarter-point shift, they increased by half a point in May and three-quarters of a point in June, the highest single step since 1994.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/alphabet-microsoft-boost-us-stocks-as-market-waits-on-fed-711279/\\\\\\\"\u003eAlphabet, \u003c/a\u003e\u003ca href=\\\\\\\"https://opoyi.com/topics/microsoft/\\\\\\\"\u003eMicrosoft\u003c/a\u003e boost US stocks as market waits on Fed\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On Wednesday, Fed officials made a second large rise in order to wrestle overly high inflation back under control.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-to-survive-a-market-crash-694936/\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"While officials acknowledged in their statement that spending and production data have \\\\\\\"softened,\\\\\\\" they also stated that job gains have been \\\\\\\"robust\\\\\\\" and prices have continued to rise rapidly, \\\\\\\"reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.\\\\\\\"\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"Microsoft","slug":"microsoft","id":"3JaT3LQGqUH6","isSection":0},{"name":"Technology","slug":"technology","id":"v6bHEgqIl262","isSection":1},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-27T23:51:19+05:30","publisher":0,"sourceFeed":null,"cleanText":"The US Federal Reserve on Wednesday raised interest rates by 75 basis points or three-quarters of a percentage point to stem a surge in inflation and flagged a slowing economy. Also Read| US Fed meeting: When and where to watch the FOMC press conference,By raising interest rates, the Fed makes it costlier to take out a mortgage or an auto or business loan. In turn, consumers and businesses will likely borrow and spend less, cooling the economy and slowing inflation. ,Also Read| What US housing market entering a recession means,The unusually large interest rate rise was approved unanimously by central bankers, and the policy-making Federal Open Market Committee suggested in its post-meeting statement that more is on the way, adding that it anticipates that ongoing increases in the target range will be appropriate. Also Read| Why is the US Fed Reserve hiking interest rates?,The Federal Reserve's policy rate, which affects other borrowing costs and slows growth, is presently set at a range of 2.25% to 2.5%. In March, the Fed began raising interest rates from near-zero levels, and officials have accelerated the pace since then. After beginning with a quarter-point shift, they increased by half a point in May and three-quarters of a point in June, the highest single step since 1994. Also Read| Alphabet, Microsoft boost US stocks as market waits on Fed,On Wednesday, Fed officials made a second large rise in order to wrestle overly high inflation back under control. Also Read| How to survive a market crash,While officials acknowledged in their statement that spending and production data have softened, they also stated that job gains have been robust and prices have continued to rise rapidly, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"The US Federal Reserve,Fed,Federal Open Market Committee,The Federal Reserve's,US,the US Fed Reserve,Microsoft","originalPublishedOn":"2022-07-27T23:39:49+05:30"}},{"node":{"id":"cbsrwhcH2sSv","slug":"english/us-fed-meeting-when-and-where-to-watch-the-fomc-press-conference","slugV2":"business/us-fed-meeting-when-and-where-to-watch-the-fomc-press-conference-710515/","title":"US Fed meeting: When and where to watch the FOMC press conference","postType":1,"coverMedia":"/opoyi_RG2zanCsPr.jpg","coverCaption":"Federal Reserve Chairman Jerome Powell. (Photo credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-27T23:34:48+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eFederal Reserve is likely to announce a hike in key interest rates\u003c/li\u003e\n \u003cli\u003eThe press conference is scheduled to begin at 2:30 p.m. ET\u003c/li\u003e\n \u003cli\u003eChair Jerome Powell’s speech will be streamed live on Youtube\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658945088146,\\\"strCount\\\":2947,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-begins-policy-meeting-with-the-goal-of-taming-inflation-710425/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e is likely to announce a hike in key interest rates at the end of its two-day Federal Open Market Committee (FMOC) meeting Wednesday afternoon. The FOMC is the body within the Fed that decides monetary policy, including interest rates. Further hikes are expected at committee meetings scheduled in September, November, and December.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/biden-fights-talk-of-recession-as-key-economic-report-looms-710509/\\\\\\\"\u003eBiden fights talk of recession as key economic report looms\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The press conference is scheduled to begin at 2:30 p.m. Eastern time on Wednesday, July 27, 2022.\\\"}},{\\\"type\\\":\\\"embed\\\",\\\"data\\\":{\\\"service\\\":\\\"others\\\",\\\"source\\\":\\\"\u003cdiv class=\\\\\\\"others-embed\\\\\\\"\u003e\u003cblockquote class=\\\\\\\"twitter-tweet\\\\\\\"\u003e\u003cp lang=\\\\\\\"en\\\\\\\" dir=\\\\\\\"ltr\\\\\\\"\u003eTomorrow at 2:30 p.m. ET: Chair Powell hosts live \u003ca href=\\\\\\\"https://twitter.com/hashtag/FOMC?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#FOMC\u003c/a\u003e press conference: \u003ca href=\\\\\\\"https://t.co/1uJrua5qsH\\\\\\\"\u003ehttps://t.co/1uJrua5qsH\u003c/a\u003e \u003ca href=\\\\\\\"https://t.co/9MD80AjdGv\\\\\\\"\u003epic.twitter.com/9MD80AjdGv\u003c/a\u003e\u003c/p\u003e\u0026mdash; Federal Reserve (@federalreserve) \u003ca href=\\\\\\\"https://twitter.com/federalreserve/status/1551969524823498753?ref_src=twsrc%5Etfw\\\\\\\"\u003eJuly 26, 2022\u003c/a\u003e\u003c/blockquote\u003e \u003cscript async src=\\\\\\\"https://platform.twitter.com/widgets.js\\\\\\\" charset=\\\\\\\"utf-8\\\\\\\"\u003e\u003c/script\u003e\u003c/div\u003e\\\",\\\"embed\\\":\\\"\u003cdiv class=\\\\\\\"others-embed\\\\\\\"\u003e\u003cblockquote class=\\\\\\\"twitter-tweet\\\\\\\"\u003e\u003cp lang=\\\\\\\"en\\\\\\\" dir=\\\\\\\"ltr\\\\\\\"\u003eTomorrow at 2:30 p.m. ET: Chair Powell hosts live \u003ca href=\\\\\\\"https://twitter.com/hashtag/FOMC?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#FOMC\u003c/a\u003e press conference: \u003ca href=\\\\\\\"https://t.co/1uJrua5qsH\\\\\\\"\u003ehttps://t.co/1uJrua5qsH\u003c/a\u003e \u003ca href=\\\\\\\"https://t.co/9MD80AjdGv\\\\\\\"\u003epic.twitter.com/9MD80AjdGv\u003c/a\u003e\u003c/p\u003e\u0026mdash; Federal Reserve (@federalreserve) \u003ca href=\\\\\\\"https://twitter.com/federalreserve/status/1551969524823498753?ref_src=twsrc%5Etfw\\\\\\\"\u003eJuly 26, 2022\u003c/a\u003e\u003c/blockquote\u003e \u003cscript async src=\\\\\\\"https://platform.twitter.com/widgets.js\\\\\\\" charset=\\\\\\\"utf-8\\\\\\\"\u003e\u003c/script\u003e\u003c/div\u003e\\\",\\\"caption\\\":\\\"\\\",\\\"aspectRatio\\\":null}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Fed chair \u003ca href=\\\\\\\"https://opoyi.com/world/who-is-jerome-powell-302598/\\\\\\\"\u003eJerome Powell’s\u003c/a\u003e speech will be streamed live on Youtube.\\\"}},{\\\"type\\\":\\\"embed\\\",\\\"data\\\":{\\\"service\\\":\\\"iframe\\\",\\\"source\\\":\\\"\u003cdiv class=\\\\\\\"iframe-embed\\\\\\\"\u003e\u003ciframe width=\\\\\\\"560\\\\\\\" height=\\\\\\\"315\\\\\\\" src=\\\\\\\"https://www.youtube.com/embed/P-97NiA1sY8\\\\\\\" title=\\\\\\\"YouTube video player\\\\\\\" frameborder=\\\\\\\"0\\\\\\\" allow=\\\\\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\\\\\\\" allowfullscreen\u003e\u003c/iframe\u003e\u003c/div\u003e\\\",\\\"embed\\\":\\\"\u003cdiv class=\\\\\\\"iframe-embed\\\\\\\"\u003e\u003ciframe width=\\\\\\\"560\\\\\\\" height=\\\\\\\"315\\\\\\\" src=\\\\\\\"https://www.youtube.com/embed/P-97NiA1sY8\\\\\\\" title=\\\\\\\"YouTube video player\\\\\\\" frameborder=\\\\\\\"0\\\\\\\" allow=\\\\\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\\\\\\\" allowfullscreen\u003e\u003c/iframe\u003e\u003c/div\u003e\\\",\\\"caption\\\":\\\"\\\",\\\"aspectRatio\\\":null}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As the \u003ca href=\\\\\\\"https://opoyi.com/business/us-economy-sending-mixed-signals-heres-what-it-all-means-710478/\\\\\\\"\u003eUS\u003c/a\u003e fights 40-year high inflation, the Federal Reserve is continuing its efforts to control prices by raising interest rates. According to the Consumer Price Index (CPI) released this month, inflation rose 9.1% in June compared with the same period last month, marking the largest increase since November 1981.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eWhy is the US Fed Reserve hiking interest rates?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed in June hiked interest rates by 0.75 percentage points to a range of 1.5% to 1.75%, the biggest hike since 1994. Fed Chair Jerome Powell has made it apparent Fed is prepared to risk an economic slowdown to combat inflation. As a result, the central bank will continue to raise interest rates until they can clearly say that the rate is returning to the 2% target.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/grim-news-from-walmart-sends-us-markets-tumbling-710336/\\\\\\\"\u003eGrim news from Walmart sends US markets tumbling\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The FOMC is likely to raise the benchmark borrowing rates by three-quarters of a percentage point on Wednesday as a part of its strategy to temper demand and alleviate pricing pressures on \u003ca href=\\\\\\\"https://opoyi.com/topics/american/\\\\\\\"\u003eAmerican\u003c/a\u003e individuals and companies.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/what-is-america-first-agenda-summit-710512/\\\\\\\"\u003eWhat is America First Agenda Summit?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The second consecutive 75 bps Fed interest rate would increase the \u003ca href=\\\\\\\"https://opoyi.com/business/how-does-a-federal-fund-rate-hike-work-710618/\\\\\\\"\u003efederal funds rate\u003c/a\u003e range between 2.25% and 2.5%. The FOMC is also expected to stick to its plan to allow up to $30 billion in Treasury securities and $17.5 billion in agency mortgage-backed securities (MBS) to mature and roll off its monthly balance sheet. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"From September, the Fed plans to ramp its monthly roll-off to $60 billion in Treasurys and $35 billion in MBS per month. \\\"}}]}","relatedPosts":null,"location":{"name":"Washington D.C., DC, USA"},"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"American","slug":"american","id":"NZFYoh1gkc1s","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-27T23:34:46+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Federal Reserve is likely to announce a hike in key interest rates at the end of its two-day Federal Open Market Committee (FMOC) meeting Wednesday afternoon. The FOMC is the body within the Fed that decides monetary policy, including interest rates. Further hikes are expected at committee meetings scheduled in September, November, and December. Also Read | Biden fights talk of recession as key economic report looms,The press conference is scheduled to begin at 2:30 p.m. Eastern time on Wednesday, July 27, 2022. Fed chair Jerome Powell’s speech will be streamed live on Youtube. As the US fights 40-year high inflation, the Federal Reserve is continuing its efforts to control prices by raising interest rates. According to the Consumer Price Index (CPI) released this month, inflation rose 9.1% in June compared with the same period last month, marking the largest increase since November 1981. Also Read | Why is the US Fed Reserve hiking interest rates?,The Fed in June hiked interest rates by 0.75 percentage points to a range of 1.5% to 1.75%, the biggest hike since 1994. Fed Chair Jerome Powell has made it apparent Fed is prepared to risk an economic slowdown to combat inflation. As a result, the central bank will continue to raise interest rates until they can clearly say that the rate is returning to the 2% target. Also Read | Grim news from Walmart sends US markets tumbling,The FOMC is likely to raise the benchmark borrowing rates by three-quarters of a percentage point on Wednesday as a part of its strategy to temper demand and alleviate pricing pressures on American individuals and companies. Also Read | What is America First Agenda Summit?,The second consecutive 75 bps Fed interest rate would increase the federal funds rate range between 2.25% and 2.5%. The FOMC is also expected to stick to its plan to allow up to $30 billion in Treasury securities and $17.5 billion in agency mortgage-backed securities (MBS) to mature and roll off its monthly balance sheet. ,From September, the Fed plans to ramp its monthly roll-off to $60 billion in Treasurys and $35 billion in MBS per month.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"38.9072","longitude":"-77.0369","name":"Washington D.C., DC, USA","city":"Washington"},"keywords":"Fed,FOMC,Jerome Powell,The Federal Reserve,Federal Open Market Committee,FMOC,US,the Federal Reserve,American,Treasury,Fed meeting time, Fed meeting july, Fed meeting date,US Fed meeting when and where to watch,FOMC press conference when and where to watc","originalPublishedOn":"2022-07-27T00:29:59+05:30"}},{"node":{"id":"FTXMu92aDjKh","slug":"english/who-is-jerome-powell","slugV2":"business/who-is-jerome-powell-302598/","title":"Who is Jerome Powell?","postType":1,"coverMedia":"/opoyi_73okEdZHYqm.jpg","coverCaption":"Federal Reserve Chairman Jerome Powell. (Photo credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-27T22:50:04+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003ePowell took charge as Fed chair on February 5, 2018\u003c/li\u003e\n \u003cli\u003ePresident Joe Biden renominated him for a second term in November 2021\u003c/li\u003e\n \u003cli\u003eHe received a bachelor’s degree in politics from Princeton University\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658942405309,\\\"strCount\\\":3881,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Jerome H Powell has been a member of the Board of Governors of the \u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e System since May 25, 2012, and was appointed by then-President Barack Obama to fill an unexpired term. He was reappointed by Obama and sworn in on June 16, 2014, for a term that ends on January 31, 2028.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Powell took charge as Fed chair on February 5, 2018, after being nominated for that position by then-President \u003ca href=\\\\\\\"https://opoyi.com/usa/who-is-donald-trump-706981/\\\\\\\"\u003eDonald Trump\u003c/a\u003e and confirmed by the US Senate. His four-year-term as the Fed chair expired on February 5, 2022. President \u003ca href=\\\\\\\"https://opoyi.com/business/biden-fights-talk-of-recession-as-key-economic-report-looms-710509/\\\\\\\"\u003eJoe Biden\u003c/a\u003e renominated him for a second term in November 2021, and he was sworn in again in May 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-post-pandemic-markets-have-behaved-historically-711192/\\\\\\\"\u003eHow post-pandemic markets have behaved historically\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEarly life and education\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Powell was born on February 4, 1953, in \u003ca href=\\\\\\\"https://opoyi.com/topics/washington/\\\\\\\"\u003eWashington\u003c/a\u003e. His father was an attorney, and his mother was a mathematician. He received a bachelor’s degree in politics from Princeton University in 1975 and earned a law degree from Georgetown University in 1979. While at Georgetown, Powell was editor-in-chief of the Georgetown Law Journal.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-us-housing-market-entering-a-recession-means-711205/\\\\\\\"\u003eWhat US housing market entering a recession means\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eProfessional journey\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Powell served as an assistant secretary and as undersecretary of the treasury under President George HW Bush. His responsibilities included financial institutions and the treasury debt market. Previously, he was an investment banker and lawyer in New York City.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Despite the recent letup in oil prices, the Fed chair Powell and his foreign counterparts fear that inflation may be getting out of control—the very thing that independent central banks, like the Fed and the E.C.B., were set up to avoid. “We may be reaching a tipping point, beyond which an inflationary psychology spreads and becomes entrenched,” the Basel-based Bank for International Settlements, which is a kind of central bank for central banks, warned last month, The New Yorker reported. Powell has received the message and appears determined to raise interest rates until inflation has fallen appreciably over an extended period.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Even as the Fed chair has made hawkish comments, he has also insisted that a recession isn’t inevitable. At his press conference after last month’s Fed meeting, he said that the \u003ca href=\\\\\\\"https://opoyi.com/topics/american/\\\\\\\"\u003eAmerican\u003c/a\u003e economy is “very strong and well positioned to handle tighter monetary policy.” But, if the Fed and other central banks did such a poor job of predicting the surge in inflation last year, what reason is there to expect that they will get things exactly right from here? The honest answer is not very much, The New Yorker added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-indian-economy-could-suffer-from-a-us-fed-rate-hike-710610/\\\\\\\"\u003eHow Indian economy could suffer from a US Fed rate hike\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Powell married Elissa Leonard in 1985 at the Episcopal Washington National Cathedral. The couple has three children. Bloomberg News described Powell as Wall Street's Head of State.\\\"}}]}","relatedPosts":null,"location":{"name":"Washington D.C., DC, USA"},"createdBy":{"name":"Yash Bajaj","photo":null,"username":"yash6711","id":"0f9O2vXwZhEr","role":null},"topics":[{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"JoeBiden","slug":"joebiden","id":"tLOXw4T5mTfp","isSection":0},{"name":"People","slug":"people","id":"WKvnIJkiH0xN","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"International","slug":"international","id":"NYS6J2BBfSdS","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"BarackObama","slug":"barackobama","id":"rKqbtlmFXHv1","isSection":0},{"name":"DonaldTrump","slug":"donaldtrump","id":"2BkYVqd4njLi","isSection":0},{"name":"Washington","slug":"washington","id":"Fqv5l2w7tKCw","isSection":0},{"name":"NewYorkCity","slug":"newyorkcity","id":"BJPuGHOkqnSC","isSection":0},{"name":"American","slug":"american","id":"NZFYoh1gkc1s","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-27T22:50:01+05:30","publisher":0,"sourceFeed":null,"cleanText":"Jerome H Powell has been a member of the Board of Governors of the Federal Reserve System since May 25, 2012, and was appointed by then-President Barack Obama to fill an unexpired term. He was reappointed by Obama and sworn in on June 16, 2014, for a term that ends on January 31, 2028. Powell took charge as Fed chair on February 5, 2018, after being nominated for that position by then-President Donald Trump and confirmed by the US Senate. His four-year-term as the Fed chair expired on February 5, 2022. President Joe Biden renominated him for a second term in November 2021, and he was sworn in again in May 2022. Also Read | How post-pandemic markets have behaved historically,Early life and education,Powell was born on February 4, 1953, in Washington. His father was an attorney, and his mother was a mathematician. He received a bachelor’s degree in politics from Princeton University in 1975 and earned a law degree from Georgetown University in 1979. While at Georgetown, Powell was editor-in-chief of the Georgetown Law Journal. Also Read | What US housing market entering a recession means,Professional journey,Powell served as an assistant secretary and as undersecretary of the treasury under President George HW Bush. His responsibilities included financial institutions and the treasury debt market. Previously, he was an investment banker and lawyer in New York City. Also Read | US inflation rate at a 40-year high | A timeline: 1930-2022,Despite the recent letup in oil prices, the Fed chair Powell and his foreign counterparts fear that inflation may be getting out of control—the very thing that independent central banks, like the Fed and the E.C.B. were set up to avoid. “We may be reaching a tipping point, beyond which an inflationary psychology spreads and becomes entrenched,” the Basel-based Bank for International Settlements, which is a kind of central bank for central banks, warned last month, The New Yorker reported. Powell has received the message and appears determined to raise interest rates until inflation has fallen appreciably over an extended period. Also Read | The 2008 market crash: Inside the doomsday machine and a brief history,Even as the Fed chair has made hawkish comments, he has also insisted that a recession isn’t inevitable. At his press conference after last month’s Fed meeting, he said that the American economy is “very strong and well positioned to handle tighter monetary policy.” But, if the Fed and other central banks did such a poor job of predicting the surge in inflation last year, what reason is there to expect that they will get things exactly right from here? The honest answer is not very much, The New Yorker added. Also Read | How Indian economy could suffer from a US Fed rate hike,Powell married Elissa Leonard in 1985 at the Episcopal Washington National Cathedral. The couple has three children. Bloomberg News described Powell as Wall Street's Head of State.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"38.9072","longitude":"-77.0369","name":"Washington D.C., DC, USA","city":"Washington"},"keywords":"Who is Jerome Powell, Joe Biden, Federal Reserve, United States,Fed meeting, USA,Fed Chair","originalPublishedOn":"2021-11-23T00:00:00+05:30"}},{"node":{"id":"wyE5ZRohf1YD","slug":"english/alphabet-microsoft-boost-us-stocks-as-market-waits-on-fed","slugV2":"business/alphabet-microsoft-boost-us-stocks-as-market-waits-on-fed-711279/","title":"Alphabet, Microsoft boost US stocks as market waits on Fed","postType":1,"coverMedia":"/opoyi_xmIfZT64s.jpg","coverCaption":"nflation has been at the forefront of investors' minds this year. (Photo credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-27T21:31:50+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eFederal Reserve will likely raise interest rates at the end of its two-day meeting\u003c/li\u003e\n \u003cli\u003eThe S\u0026amp;P 500 index was up 1.3% as of 10:15 a.m. Eastern.\u003c/li\u003e\n \u003cli\u003eThe Fed is expected to announce an increase of up to three-quarters of a percentage point\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658937709890,\\\"strCount\\\":2608,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks are solidly higher early Wednesday after strong earnings from the likes of Google's owner Alphabet, \u003ca href=\\\\\\\"https://opoyi.com/topics/boeing/\\\\\\\"\u003eBoeing\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/topics/microsoft/\\\\\\\"\u003eMicrosoft\u003c/a\u003e lifted investors' mood. \u003ca href=\\\\\\\"https://opoyi.com/topics/wallstreet/\\\\\\\"\u003eWall Street\u003c/a\u003e is also waiting to hear from the \u003ca href=\\\\\\\"https://opoyi.com/topics/federalreserve/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e, which will likely raise interest rates at the end of its two-day meeting.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 index was up 1.3% as of 10:15 a.m. Eastern. The Dow Jones Industrial Average was up 0.4% and the technology-heavy Nasdaq Composite was up 2.5%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rupee-slips-to-7991-against-dollar-ahead-of-us-fed-announcement-711266/\\\\\\\"\u003eRupee slips to 79.91 against dollar ahead of US Fed announcement\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Boeing shares rose 3% after the aerospace company delivered more planes in the first quarter than it has since the start of the pandemic. Shares of technology heavyweights Microsoft and \u003ca href=\\\\\\\"https://opoyi.com/topics/google/\\\\\\\"\u003eGoogle\u003c/a\u003e parent Alphabet were both up more than 4% after their latest quarterly reports\u003cb\u003e.\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors will get quarterly results from Ford Motor Co. as well as Facebook's parent company Meta Platforms after the closing bell.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/us-president-joe-biden-tests-negative-for-covid-ends-strict-isolation-711260/\\\\\\\"\u003eUS President Joe Biden tests negative for COVID, ends 'strict isolation'\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed on Wednesday is expected to announce an increase of up to three-quarters of a percentage point in its benchmark interest rate, triple the usual size. Investors worry such aggressive action by the Fed and other central banks in \u003ca href=\\\\\\\"https://opoyi.com/topics/europe/\\\\\\\"\u003eEurope\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/topics/asia/\\\\\\\"\u003eAsia\u003c/a\u003e to control soaring inflation might derail global economic growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-stock-market-djia-sp500-and-nasdaq-turns-green-in-early-trade-on-wednesday-10-711236/\\\\\\\"\u003eUS Stock Market: DJIA, S\u0026amp;P500 and Nasdaq turns green in early trade on Wednesday\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation has been at the forefront of investors' minds this year. Markets were spooked Monday after retail giant Walmart warned that its profits are being hurt by rising prices for food and gas, which are forcing shoppers to cut back on more profitable discretionary items such as clothing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The retailer’s profit warning in the middle of the quarter is rare and raised worries about how the highest inflation in 40 years is affecting the entire retail sector.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Boeing","slug":"boeing","id":"8ruRYCUT75q1","isSection":0},{"name":"Google","slug":"google","id":"Cqu95TUqjxLY","isSection":0},{"name":"Microsoft","slug":"microsoft","id":"3JaT3LQGqUH6","isSection":0},{"name":"Facebook","slug":"facebook","id":"HLE8qquNLINg","isSection":0},{"name":"Europe","slug":"europe","id":"v2KXw3fOql0S","isSection":0},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0},{"name":"Technology","slug":"technology","id":"v6bHEgqIl262","isSection":1},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"AP","id":"8dFR8PhLJl4s","username":"associatedpress","role":8,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-27T21:31:47+05:30","publisher":0,"sourceFeed":null,"cleanText":"Stocks are solidly higher early Wednesday after strong earnings from the likes of Google's owner Alphabet, Boeing and Microsoft lifted investors' mood. Wall Street is also waiting to hear from the Federal Reserve, which will likely raise interest rates at the end of its two-day meeting. The S\u0026P 500 index was up 1.3% as of 10:15 a.m. Eastern. The Dow Jones Industrial Average was up 0.4% and the technology-heavy Nasdaq Composite was up 2.5%. Also Read| Rupee slips to 79.91 against dollar ahead of US Fed announcement,Boeing shares rose 3% after the aerospace company delivered more planes in the first quarter than it has since the start of the pandemic. Shares of technology heavyweights Microsoft and Google parent Alphabet were both up more than 4% after their latest quarterly reports. Investors will get quarterly results from Ford Motor Co. as well as Facebook's parent company Meta Platforms after the closing bell. Also Read| US President Joe Biden tests negative for COVID, ends 'strict isolation',The Fed on Wednesday is expected to announce an increase of up to three-quarters of a percentage point in its benchmark interest rate, triple the usual size. Investors worry such aggressive action by the Fed and other central banks in Europe and Asia to control soaring inflation might derail global economic growth. Also Read| US Stock Market: DJIA, S\u0026P500 and Nasdaq turns green in early trade on Wednesday,Inflation has been at the forefront of investors' minds this year. Markets were spooked Monday after retail giant Walmart warned that its profits are being hurt by rising prices for food and gas, which are forcing shoppers to cut back on more profitable discretionary items such as clothing. The retailer’s profit warning in the middle of the quarter is rare and raised worries about how the highest inflation in 40 years is affecting the entire retail sector.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Boeing,Fed,Google,Microsoft,the Federal Reserve,Eastern,Ford Motor Co.,Facebook,Meta Platforms,Europe,Asia","originalPublishedOn":"2022-07-27T21:31:47+05:30"}},{"node":{"id":"J47f64V6iBmz","slug":"english/rupee-slips-to-7991-against-dollar-ahead-of-us-fed-announcement-1","slugV2":"business/rupee-slips-to-7991-against-dollar-ahead-of-us-fed-announcement-711266/","title":"Rupee slips to 79.91 against dollar ahead of US Fed announcement","postType":1,"coverMedia":"/opoyi_6ADCH5Kpd.jpg","coverCaption":"The rupee depreciated against the dollar tracking weak Asian and emerging market peers on Wednesday. (Photo credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-27T21:10:28+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe rupee declined 13 paise to close at 79.91 against the US dollar\u003c/li\u003e\n \u003cli\u003eThe rupee opened at 79.83 and ended at 79.91 at the interbank foreign exchange market\u003c/li\u003e\n \u003cli\u003eThe dollar index fell 0.19% to 106.98\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658936428321,\\\"strCount\\\":4503,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rupee declined 13 paise to close at 79.91 against the \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e dollar on Wednesday, following risk-off sentiment among investors ahead of the outcome of the \u003ca href=\\\\\\\"https://opoyi.com/topics/federalreserve/\\\\\\\"\u003eUS Federal Reserve\u003c/a\u003e meeting.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" Besides, weaker \u003ca href=\\\\\\\"https://opoyi.com/topics/asian/\\\\\\\"\u003eAsian\u003c/a\u003e peers against the greenback and persistent foreign capital outflows also put pressure on the local currency, forex traders said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, a firm trend in the domestic equities supported the rupee, they added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-meeting-when-and-where-to-watch-the-fomc-press-conference-710515/\\\\\\\"\u003eUS Fed meeting: When and where to watch the FOMC press conference\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"At the interbank foreign exchange market, the local currency opened at 79.83 and finally ended at 79.91, down 13 paise over its previous close.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On Tuesday, the rupee had settled at 79.78 against the \u003ca href=\\\\\\\"https://opoyi.com/topics/american/\\\\\\\"\u003eAmerican\u003c/a\u003e currency.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" The rupee depreciated against the dollar tracking weak Asian and emerging market peers on Wednesday ahead of the Federal Reserve's policy meeting outcome, said Sriram Iyer, Senior Research Analyst at Reliance Securities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/closing-bell-sensex-falls-497-points-nifty-down-147-points-710128/\\\\\\\"\u003eClosing Bell: Sensex falls 497 points, Nifty down 147 points\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" The domestic unit also weakened amid risk-off sentiments in the markets following the latest supply cuts in gas supply from \u003ca href=\\\\\\\"https://opoyi.com/topics/russia/\\\\\\\"\u003eRussia\u003c/a\u003e to \u003ca href=\\\\\\\"https://opoyi.com/topics/europe/\\\\\\\"\u003eEurope\u003c/a\u003e. The growing concerns about a US economic slowdown also added to bearish sentiments, Iyer added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Traders remained cautious and refrained from taking large positions ahead of the Reserve Bank of India's monetary policy committee meeting next week where it is widely seen raising rates by 25 to 50 bps, he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.19% to 106.98.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-stock-market-djia-sp500-and-nasdaq-turns-green-in-early-trade-on-wednesday-10-711236/\\\\\\\"\u003eUS Stock Market: DJIA, S\u0026amp;P500 and Nasdaq turns green in early trade on Wednesday\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Brent crude futures, the global oil benchmark, fell 0.16% to USD 104.23 per barrel.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On the domestic equity market front, the BSE Sensex ended 547.83 points or 0.99% up at 55,816.32 points, while the broader NSE Nifty jumped 157.95 points or 0.96% to 16,641.80.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors remained net sellers in the capital market on Wednesday as they offloaded shares worth Rs 436.81 crore, as per exchange data.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/is-it-better-to-invest-in-real-estate-during-surging-inflation-711166/\\\\\\\"\u003eIs it better to invest in real estate during surging inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" \\\\\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e rupee depreciated on overall strength in the US Dollar and concerns over global economic recovery. IMF cuts India's FY23 GDP forecast to 7.4 % from 8.2%in the previous estimates, which also weighed on Rupee,\\\\\\\" said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Choudhary further said renewed outflows by FIIs also put pressure on the rupee. However, the positive tone in the domestic equities cushioned the downside.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Rupee is expected to trade on a mixed to negative note on strong Dollar and expectations of an aggressive rate hike by US Federal Reserve,\\\\\\\" he said, adding there are broad market expectations of a rate hike of 75 bps. A surprise 100 bps rate hike may lead dollar higher and put pressure on riskier assets,\\\\\\\" Choudhary noted.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The IMF on Tuesday cut India's growth rate by 0.8 percentage points to 7.4% for the fiscal year 2022, reflecting \\\\\\\"mainly less favourable external conditions and more rapid policy tightening\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The IMF in its World Economic Outlook update July 2022, released on Tuesday, said that the global economy, which is still reeling from the pandemic and Russia’s invasion of \u003ca href=\\\\\\\"https://opoyi.com/topics/ukraine/\\\\\\\"\u003eUkraine\u003c/a\u003e, is facing an increasingly gloomy and uncertain outlook.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It projects the global economy to slow further to 3.2% in 2022 from last year’s 6.1%. \\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Forex","slug":"forex","id":"RljaSYLZDBMy","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"Asian","slug":"asian","id":"nmNTdCK1480o","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"American","slug":"american","id":"NZFYoh1gkc1s","isSection":0},{"name":"Europe","slug":"europe","id":"v2KXw3fOql0S","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"PTI","id":"rgkwRLMU8bE","username":"presstrustofindia","role":8,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-27T21:10:25+05:30","publisher":0,"sourceFeed":"2707202227DEL96","cleanText":"The rupee declined 13 paise to close at 79.91 against the US dollar on Wednesday, following risk-off sentiment among investors ahead of the outcome of the US Federal Reserve meeting. Besides, weaker Asian peers against the greenback and persistent foreign capital outflows also put pressure on the local currency, forex traders said. However, a firm trend in the domestic equities supported the rupee, they added. Also Read| US Fed meeting: When and where to watch the FOMC press conference,At the interbank foreign exchange market, the local currency opened at 79.83 and finally ended at 79.91, down 13 paise over its previous close. On Tuesday, the rupee had settled at 79.78 against the American currency. The rupee depreciated against the dollar tracking weak Asian and emerging market peers on Wednesday ahead of the Federal Reserve's policy meeting outcome, said Sriram Iyer, Senior Research Analyst at Reliance Securities. Also Read| Closing Bell: Sensex falls 497 points, Nifty down 147 points, The domestic unit also weakened amid risk-off sentiments in the markets following the latest supply cuts in gas supply from Russia to Europe. The growing concerns about a US economic slowdown also added to bearish sentiments, Iyer added. Traders remained cautious and refrained from taking large positions ahead of the Reserve Bank of India's monetary policy committee meeting next week where it is widely seen raising rates by 25 to 50 bps, he said. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.19% to 106.98. Also Read| US Stock Market: DJIA, S\u0026P500 and Nasdaq turns green in early trade on Wednesday,Brent crude futures, the global oil benchmark, fell 0.16% to USD 104.23 per barrel. On the domestic equity market front, the BSE Sensex ended 547.83 points or 0.99% up at 55,816.32 points, while the broader NSE Nifty jumped 157.95 points or 0.96% to 16,641.80. Foreign institutional investors remained net sellers in the capital market on Wednesday as they offloaded shares worth Rs 436.81 crore, as per exchange data. Also Read| Is it better to invest in real estate during surging inflation?, The Indian rupee depreciated on overall strength in the US Dollar and concerns over global economic recovery. IMF cuts India's FY23 GDP forecast to 7.4 % from 8.2%in the previous estimates, which also weighed on Rupee, said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas. Choudhary further said renewed outflows by FIIs also put pressure on the rupee. However, the positive tone in the domestic equities cushioned the downside. Rupee is expected to trade on a mixed to negative note on strong Dollar and expectations of an aggressive rate hike by US Federal Reserve, he said, adding there are broad market expectations of a rate hike of 75 bps. A surprise 100 bps rate hike may lead dollar higher and put pressure on riskier assets, Choudhary noted. Also Read| Harshad Mehta scam: How Big Bull shook the Indian stock market,The IMF on Tuesday cut India's growth rate by 0.8 percentage points to 7.4% for the fiscal year 2022, reflecting mainly less favourable external conditions and more rapid policy tightening. The IMF in its World Economic Outlook update July 2022, released on Tuesday, said that the global economy, which is still reeling from the pandemic and Russia’s invasion of Ukraine, is facing an increasingly gloomy and uncertain outlook. It projects the global economy to slow further to 3.2% in 2022 from last year’s 6.1%.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"US,Federal Reserve,Asian,Russia,India,American,the Federal Reserve's,Sriram Iyer,Reliance Securities,Europe,Iyer,the BSE Sensex,Indian,Anuj Choudhary - Research,Sharekhan","originalPublishedOn":"2022-07-27T21:10:25+05:30"}},{"node":{"id":"qS2N7AcivEOZ","slug":"english/fed-rate-hike-impact-on-crypto-market","slugV2":"business/fed-rate-hike-impact-on-crypto-market-711124/","title":"Federal Reserve rate hike impact on cryptocurrency market","postType":1,"coverMedia":"/opoyi_LbN9mgw-fY.jpg","coverCaption":"US Federal Reserve raised interest rates at its July meeting (Photo: Unsplash/Representational)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-03T20:30:36+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Fed is raised the Fed funds rate by 0.75 percentage points\u003c/li\u003e\n \u003cli\u003eInterest rates impact stocks, cryptocurrency, and various other investments\u003c/li\u003e\n \u003cli\u003eBitcoin price dropped by at least 10% following the last three Fed meetings\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659538835681,\\\"strCount\\\":4429,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eUS Federal Reserve\u003c/a\u003e\u0026nbsp;raised key interest rates at its July meeting after increasing rates three-times already this year. The central bank hiked the benchmark \u003ca href=\\\\\\\"https://opoyi.com/business/how-does-a-federal-fund-rate-hike-work-710618/\\\\\\\"\u003eFed funds rate\u003c/a\u003e by 0.75 percentage points, though a sizable majority was expecting a full percentage point hike. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The expectations are high that the Fed will increase rates more times this year as it attempts to contain inflation, which hit 9.1% in June compared to a year ago. \u003ca href=\\\\\\\"https://opoyi.com/business/impact-of-fed-rate-on-us-stocks-and-bond-markets-710558/\\\\\\\"\u003eInterest rates impact stocks\u003c/a\u003e, cryptocurrency, commodities, and various other investments.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHere’s how the Fed hike will affect the crypto market:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/how-bitcoin-price-and-inflation-are-co-related-385362/\\\\\\\"\u003eBitcoin\u003c/a\u003e price dropped by at least 10% or more following the last three Fed meetings in March, May, and June. While it is not clear how markets will react in the future, especially in the volatile and unpredictable \u003ca href=\\\\\\\"https://opoyi.com/india/india-on-track-to-release-cbdc-says-rbi-official-709199/\\\\\\\"\u003ecrypto\u003c/a\u003e market, experts largely expect new volatility this week following Fed’s expected rate increase announcement. Sentiment in the crypto market already appears slightly bearish this week, the Bitcoin trading below $21,000 and Ethereum trading below $1,400.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/impact-of-fed-rate-on-us-stocks-and-bond-markets-710558/\\\\\\\"\u003eImpact of Fed rates on US stocks and bond markets\u003c/a\u003e\u003cbr\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Aggressive rate hikes are bad for crypto prices and the volatility is likely to continue in the near term, according to experts. Risky assets like stock and crypto have been have been moving simultaneously and have struggled to gain any momentum this year as investors are pulling away in response to increasing interest rates, soaring inflation, and a potential recession. If the stock market falls because of the rate hike this week, the crypto market is likely to follow and vice versa.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-the-us-fed-rate-hike-impacts-your-savings-and-loans-710562/\\\\\\\"\u003eHow the US Fed rate hike impacts your savings and loans?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed’s rate hike in June was one of the various factors that shocked the crypto market, which was already in the “crypto winter” phase with prices slashed across the board. Bitcoin and Ethereum plunged over 70% in June since the peak of last year’s bull run.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors are closely watching Bitcoin, Ethereum, and the crypto market at large to see a possible retest of the June lows, said Edward Moya, a senior market analyst at Oanda.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“The majority of crypto watchers are still awaiting further weakness. As global recession calls grow, the focus will switch to how soon the Fed will be cutting rates,” he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-us-fed-rate-hike-impacts-the-indian-rupee-332980/\\\\\\\"\u003eHow US Fed rate hike impacts the Indian rupee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHow should the Fed meeting impact your investment strategy?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Any significant developments with the Fed, company earnings, or the quarterly GDP report shouldn’t affect your long-term crypto investment strategy. The crypto market is still nowhere close to the highs it touched last year, with Bitcoin and Ethereum still down more than 50% since November.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-does-a-federal-fund-rate-hike-work-710618/\\\\\\\"\u003eHow does a Federal fund rate hike work?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Amid the ongoing economic uncertainty, it is best to play it safe by allocating no more than 5% of your investment portfolio to crypto and investing only when you are comfortable with losing. Before investing any extra money into volatile, speculative assets like cryptocurrency, make sure your financial bases are covered such as your retirement accounts and emergency savings.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Cryptocurrency","slug":"cryptocurrency","id":"L7OoyefNLuEh","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"Investment","slug":"investment","id":"BOGVZOTPlXcL","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Ethereum","slug":"ethereum","id":"LXPW4hGdvTWT","isSection":0},{"name":"Bitcoin","slug":"bitcoin","id":"b6gsXRHnIQWf","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-27T21:05:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The US Federal Reserve raised key interest rates at its July meeting after increasing rates three-times already this year. The central bank hiked the benchmark Fed funds rate by 0.75 percentage points, though a sizable majority was expecting a full percentage point hike. ,The expectations are high that the Fed will increase rates more times this year as it attempts to contain inflation, which hit 9.1% in June compared to a year ago. Interest rates impact stocks, cryptocurrency, commodities, and various other investments. Also Read | US inflation rate at a 40-year high | A timeline: 1930-2022,Here’s how the Fed hike will affect the crypto market:,The Bitcoin price dropped by at least 10% or more following the last three Fed meetings in March, May, and June. While it is not clear how markets will react in the future, especially in the volatile and unpredictable crypto market, experts largely expect new volatility this week following Fed’s expected rate increase announcement. Sentiment in the crypto market already appears slightly bearish this week, the Bitcoin trading below $21,000 and Ethereum trading below $1,400. Also Read| Impact of Fed rates on US stocks and bond markets,Aggressive rate hikes are bad for crypto prices and the volatility is likely to continue in the near term, according to experts. Risky assets like stock and crypto have been have been moving simultaneously and have struggled to gain any momentum this year as investors are pulling away in response to increasing interest rates, soaring inflation, and a potential recession. If the stock market falls because of the rate hike this week, the crypto market is likely to follow and vice versa. Also Read | How the US Fed rate hike impacts your savings and loans?,The Fed’s rate hike in June was one of the various factors that shocked the crypto market, which was already in the “crypto winter” phase with prices slashed across the board. Bitcoin and Ethereum plunged over 70% in June since the peak of last year’s bull run. Also Read | The 2008 market crash: Inside the doomsday machine and a brief history,Investors are closely watching Bitcoin, Ethereum, and the crypto market at large to see a possible retest of the June lows, said Edward Moya, a senior market analyst at Oanda. “The majority of crypto watchers are still awaiting further weakness. As global recession calls grow, the focus will switch to how soon the Fed will be cutting rates,” he added. Also Read | How US Fed rate hike impacts the Indian rupee,How should the Fed meeting impact your investment strategy?,Any significant developments with the Fed, company earnings, or the quarterly GDP report shouldn’t affect your long-term crypto investment strategy. The crypto market is still nowhere close to the highs it touched last year, with Bitcoin and Ethereum still down more than 50% since November. Also Read | How does a Federal fund rate hike work?,Amid the ongoing economic uncertainty, it is best to play it safe by allocating no more than 5% of your investment portfolio to crypto and investing only when you are comfortable with losing. Before investing any extra money into volatile, speculative assets like cryptocurrency, make sure your financial bases are covered such as your retirement accounts and emergency savings.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,Bitcoin,The US Federal Reserve,cryptocurrency, crypto news, Fed rate hike impact on crypto","originalPublishedOn":"2022-07-27T21:05:00+05:30"}},{"node":{"id":"KcuOBQKPQriA","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turns-green-in-early-trade-on-wednesday-10","slugV2":"business/us-stock-market-djia-sp500-and-nasdaq-turns-green-in-early-trade-on-wednesday-10-711236/","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turns green in early trade on Wednesday","postType":1,"coverMedia":"/opoyi_JysYrR0ah.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-27T20:42:40+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eNasdaq Composite was up 252.54 points or 2.18% to 11,815.11\u003c/li\u003e\n \u003cli\u003eShares of Microsoft and Alphabet both surged over 4%\u003c/li\u003e\n \u003cli\u003eThe Fed is likely to announce an rate hike of up 0.75 percentage points\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658934759734,\\\"strCount\\\":3115,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/impact-of-fed-rate-on-us-stocks-and-bond-markets-710558/\\\\\\\"\u003eStocks \u003c/a\u003esurged significantly during early trade Wednesday after strong earnings from the big companies like Google’s parent Alphabet, Microsoft and Boeing lifted investors' sentiment. Wall Street is watching for the announcement from the Federal Reserve, which is expected to \u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eraise interest rates\u003c/a\u003e at the end of its two-day meeting.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/is-it-better-to-invest-in-real-estate-during-surging-inflation-711166/\\\\\\\"\u003eIs it better to invest in real estate during surging inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 index was up 43.36 points or 1.11% to 3,964.41 as of 10:06 a.m. Eastern Time. The Dow Jones Industrial Average was up 107.44 points or 0.34% to 31,868.98. The technology-heavy Nasdaq Composite was up 252.54 points or 2.18% to 11,815.11.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Boeing shares jumped 3% after the aerospace company delivered more planes in the first quarter than it has since the start of the Covid-19 pandemic. Shares of technology heavyweights Microsoft and Alphabet both surged over 4% after their latest quarterly reports.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s-711126/\\\\\\\"\u003eHow Paul Volcker tamed inflation with two recessions in 1980s\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Facebook’s parent company and Ford Motor Co. will announce their results after the closing bell.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On Wednesday, the Federal Reserve is expected to announce an increase of up 0.75 percentage points in its benchmark interest rate, three times the usual size. \u003ca href=\\\\\\\"https://opoyi.com/business/how-the-us-fed-rate-hike-will-impact-you-710596/\\\\\\\"\u003eInvestors \u003c/a\u003eare concerned that such aggressive action by the Fed and other central banks in \u003ca href=\\\\\\\"https://opoyi.com/topics/europe/\\\\\\\"\u003eEurope\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/topics/asia/\\\\\\\"\u003eAsia\u003c/a\u003e to control \u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003erising inflation\u003c/a\u003e\u0026nbsp;might derail global economic growth and lead to a recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/roshni-nadar-to-radha-nadar-5-richest-women-in-india-as-of-2022-711013/\\\\\\\"\u003eRoshni Nadar to Radha Vembu: 5 richest women in India as of 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation has been the focus of investors’ minds this year. Markets were shocked Monday after retail giant \u003ca href=\\\\\\\"https://opoyi.com/business/wall-street-worried-after-bad-news-from-walmart-710598/\\\\\\\"\u003eWalmart \u003c/a\u003ewarned that its profits are being hurt by soaring prices for food and gas, which are forcing shoppers to cut back on more profitable discretionary items such as clothing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The retailer’s profit warning in the middle of the quarter is rare and raised concerns about how the highest inflation in 40 years is affecting the entire retail sector.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Meta","slug":"meta","id":"Cb4BlMHMuRsq","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK","isSection":0},{"name":"Alphabet","slug":"alphabet","id":"MhunUePZtjNr","isSection":0},{"name":"Microsoft","slug":"microsoft","id":"3JaT3LQGqUH6","isSection":0},{"name":"Boeing","slug":"boeing","id":"8ruRYCUT75q1","isSection":0},{"name":"Google","slug":"google","id":"Cqu95TUqjxLY","isSection":0},{"name":"Facebook","slug":"facebook","id":"HLE8qquNLINg","isSection":0},{"name":"Europe","slug":"europe","id":"v2KXw3fOql0S","isSection":0},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0},{"name":"Technology","slug":"technology","id":"v6bHEgqIl262","isSection":1},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-27T20:42:35+05:30","publisher":0,"sourceFeed":null,"cleanText":"Stocks surged significantly during early trade Wednesday after strong earnings from the big companies like Google’s parent Alphabet, Microsoft and Boeing lifted investors' sentiment. Wall Street is watching for the announcement from the Federal Reserve, which is expected to raise interest rates at the end of its two-day meeting. Also Read | Is it better to invest in real estate during surging inflation?,The S\u0026P 500 index was up 43.36 points or 1.11% to 3,964.41 as of 10:06 a.m. Eastern Time. The Dow Jones Industrial Average was up 107.44 points or 0.34% to 31,868.98. The technology-heavy Nasdaq Composite was up 252.54 points or 2.18% to 11,815.11. Boeing shares jumped 3% after the aerospace company delivered more planes in the first quarter than it has since the start of the Covid-19 pandemic. Shares of technology heavyweights Microsoft and Alphabet both surged over 4% after their latest quarterly reports. Also Read | How Paul Volcker tamed inflation with two recessions in 1980s,Facebook’s parent company and Ford Motor Co. will announce their results after the closing bell. On Wednesday, the Federal Reserve is expected to announce an increase of up 0.75 percentage points in its benchmark interest rate, three times the usual size. Investors are concerned that such aggressive action by the Fed and other central banks in Europe and Asia to control rising inflation might derail global economic growth and lead to a recession. Also Read | Roshni Nadar to Radha Vembu: 5 richest women in India as of 2022,Inflation has been the focus of investors’ minds this year. Markets were shocked Monday after retail giant Walmart warned that its profits are being hurt by soaring prices for food and gas, which are forcing shoppers to cut back on more profitable discretionary items such as clothing. Also Read | Great Depression to COVID: Top 5 market crashes in American history,The retailer’s profit warning in the middle of the quarter is rare and raised concerns about how the highest inflation in 40 years is affecting the entire retail sector.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Alphabet,Microsoft,Boeing,the Federal Reserve,Google,Facebook,Ford Motor Co.,Fed,Europe,Asia","originalPublishedOn":"2022-07-27T20:42:35+05:30"}},{"node":{"id":"co9n7eRgXLyL","slug":"english/how-the-us-fed-rate-hike-will-impact-you","slugV2":"business/how-the-us-fed-rate-hike-will-impact-you-710596/","title":"How the US Fed rate hike will impact you?","postType":1,"coverMedia":"/opoyi_QzoLpn8RM.jpg","coverCaption":"US Federal Reserve’s takes the decision of raising or lowering the cost of borrowing money (Photo Credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-27T19:41:14+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eInterest rates on savings accounts are increasing after consecutive rate hikes\u003c/li\u003e\n \u003cli\u003eAdjustable-rate mortgages and home equity lines of credit are linked to the prime rate\u003c/li\u003e\n \u003cli\u003eThe Fed’s rate hike could push up the average interest rate on a new car above 5%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658931074989,\\\"strCount\\\":4988,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-begins-policy-meeting-with-the-goal-of-taming-inflation-710425/\\\\\\\"\u003eUS Federal Reserve\u003c/a\u003e\u0026nbsp;takes the decision of raising or lowering the cost of borrowing money. The central bank’s rate-setting Federal Open Market Committee (FOMC) is charged with making those decisions, typically at eight meetings a year. The Fed looks at a broad range of economic factors, mostly to analyze what’s happening with employment and \u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-hit-91-in-june-highest-in-40-years-700349/\\\\\\\"\u003einflation\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-meeting-when-and-where-to-watch-the-fomc-press-conference-710515/\\\\\\\"\u003eUS Fed meeting: When and where to watch the FOMC press conference\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When the Fed wants to prompt growth, officials may lower interest rates. This action incentivizes businesses to invest and hire more, leading to an increase in consumer spending. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On the contrary, when inflation is high or the economy looks like it may be overheating, the Fed may decide to raise rates, causing employers and consumers to press the brakes on their financial decisions.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/biden-fights-talk-of-recession-as-key-economic-report-looms-710509/\\\\\\\"\u003eBiden fights talk of recession as key economic report looms\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHere are five ways that you can expect the Fed rate hike to impact your wallet:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCredit Cards\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Since most credit cards have a variable rate, they are directly linked to the Fed’s benchmark rates. Whenever the \u003ca href=\\\\\\\"https://opoyi.com/business/how-does-a-federal-fund-rate-hike-work-710618/\\\\\\\"\u003efederal funds rate\u003c/a\u003e rises, the prime rate also rises, and credit card rates follow. Annual percentage rates are currently at 17.13%, on average, but could be around 19% by the year-end, which would be an all-time record, said Ted Rossman, a senior industry analyst at CreditCards .com. Therefore, anyone who carries a balance on their credit card will soon have to shell out even more just to cover the interest charges.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eMortgage Rates\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Adjustable-rate mortgages and home equity lines of credit are also linked to the prime rate. Since the 15-year and 30-year rates are fixed and tied to Treasury yields and the economy, homeowners won’t be affected immediately by an interest rate hike. However, anyone planning to purchase a new home can expect to pay more for their next home loan.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-economy-sending-mixed-signals-heres-what-it-all-means-710478/\\\\\\\"\u003eUS economy sending mixed signals: Here's what it all means\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCar Loans\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For anyone planning to buy a new car in the upcoming few months, the Fed’s rate hike could push up the average interest rate on a new car above 5%. An annual percentage rate of 5% instead of 4% would cost consumers $1,324 more in interest over a 72-month loan for $40,000, according to data from Edmunds, a car-shopping website.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/where-to-invest-during-high-inflation-710394/\\\\\\\"\u003eWhere to invest during high inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eStudent loans\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The interest rate on federal student loans for the academic year 2022-23 rose to 4.99%, up from significantly 3.73% in 2021-22 and 2.75% in 2020-21. This rate won't change until next summer: \u003ca href=\\\\\\\"https://opoyi.com/topics/congress/\\\\\\\"\u003eCongress\u003c/a\u003e sets the rate for federal student loans each May for the upcoming academic year based on the 10-year Treasury rate. The new rate takes effect in July.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Private student loans may have a fixed rate or a variable one linked to the Libor, prime, or Treasury bill rates - meaning that as the Fed increases rates, those borrowers will also pay more interest. However, the amount varies with the benchmark.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eWhy is the US Fed Reserve hiking interest rates?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSavings account\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The interest rates on savings accounts are increasing after consecutive rate hikes. People will need to use this cushion as the prices continue to increase, according to Nela Richardson, a chief economist at payroll processor ADP. “Now is the time for households to prepare,” she added. “And maximizing that savings, if possible, is one of the best ways to do it.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-to-survive-a-market-crash-694936/\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As a result of lower overhead expenses, top-yielding online savings account rates are now hovering between 1.75% and 2%, which is much higher than traditional bank rates. Still, any income less than the rate of inflation is losing purchasing power over time. Earning 2% doesn’t hold much significance when inflation is at 9%.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Congress","slug":"congress","id":"KGrnteP5qPtc","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-27T13:20:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The US Federal Reserve takes the decision of raising or lowering the cost of borrowing money. The central bank’s rate-setting Federal Open Market Committee (FOMC) is charged with making those decisions, typically at eight meetings a year. The Fed looks at a broad range of economic factors, mostly to analyze what’s happening with employment and inflation. Also Read | US Fed meeting: When and where to watch the FOMC press conference,When the Fed wants to prompt growth, officials may lower interest rates. This action incentivizes businesses to invest and hire more, leading to an increase in consumer spending. ,On the contrary, when inflation is high or the economy looks like it may be overheating, the Fed may decide to raise rates, causing employers and consumers to press the brakes on their financial decisions. Also Read | Biden fights talk of recession as key economic report looms,Here are five ways that you can expect the Fed rate hike to impact your wallet:,Credit Cards,Since most credit cards have a variable rate, they are directly linked to the Fed’s benchmark rates. Whenever the federal funds rate rises, the prime rate also rises, and credit card rates follow. Annual percentage rates are currently at 17.13%, on average, but could be around 19% by the year-end, which would be an all-time record, said Ted Rossman, a senior industry analyst at CreditCards .com. Therefore, anyone who carries a balance on their credit card will soon have to shell out even more just to cover the interest charges. Also Read | The 2008 market crash: Inside the doomsday machine and a brief history,Mortgage Rates,Adjustable-rate mortgages and home equity lines of credit are also linked to the prime rate. Since the 15-year and 30-year rates are fixed and tied to Treasury yields and the economy, homeowners won’t be affected immediately by an interest rate hike. However, anyone planning to purchase a new home can expect to pay more for their next home loan. Also Read | US economy sending mixed signals: Here's what it all means,Car Loans,For anyone planning to buy a new car in the upcoming few months, the Fed’s rate hike could push up the average interest rate on a new car above 5%. An annual percentage rate of 5% instead of 4% would cost consumers $1,324 more in interest over a 72-month loan for $40,000, according to data from Edmunds, a car-shopping website. Also Read | Where to invest during high inflation?,Student loans,The interest rate on federal student loans for the academic year 2022-23 rose to 4.99%, up from significantly 3.73% in 2021-22 and 2.75% in 2020-21. This rate won't change until next summer: Congress sets the rate for federal student loans each May for the upcoming academic year based on the 10-year Treasury rate. The new rate takes effect in July. Private student loans may have a fixed rate or a variable one linked to the Libor, prime, or Treasury bill rates - meaning that as the Fed increases rates, those borrowers will also pay more interest. However, the amount varies with the benchmark. Also Read | Why is the US Fed Reserve hiking interest rates?,Savings account,The interest rates on savings accounts are increasing after consecutive rate hikes. People will need to use this cushion as the prices continue to increase, according to Nela Richardson, a chief economist at payroll processor ADP. “Now is the time for households to prepare,” she added. “And maximizing that savings, if possible, is one of the best ways to do it.”,Also Read | How to survive a market crash,As a result of lower overhead expenses, top-yielding online savings account rates are now hovering between 1.75% and 2%, which is much higher than traditional bank rates. Still, any income less than the rate of inflation is losing purchasing power over time. Earning 2% doesn’t hold much significance when inflation is at 9%.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,Treasury,The US Federal Reserve,Federal Open Market Committee,Congress,Fed rate hike impact on consumers, Fed rate hike impact on you,US Federal Reserve, FMOC,USA News, Business news,Fed rate hike","originalPublishedOn":"2022-07-27T13:20:00+05:30"}},{"node":{"id":"VJNHgpIzt41q","slug":"english/how-indian-economy-could-suffer-from-a-us-fed-rate-hike","slugV2":"business/how-indian-economy-could-suffer-from-a-us-fed-rate-hike-710610/","title":"How Indian economy could suffer from a US Fed rate hike","postType":1,"coverMedia":"/opoyi_hwsj6gGPs.jpg","coverCaption":"The US consumer prices inflation surged to a new 40-year high in June, up 9.1% year-on-year (Photo Credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-27T19:45:48+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eUS Federal Reserve is raising the key interest rates to contain the soaring inflation\u003c/li\u003e\n \u003cli\u003eRate hikes could could accelerate the foreign fund outflows\u003c/li\u003e\n \u003cli\u003eForeign investors have withdrawn over $30 billion from Indian markets so far in 2022\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658931348633,\\\"strCount\\\":4488,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The United States \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003econsumer prices inflation\u003c/a\u003e surged to a new 40-year high in June, up 9.1% year-on-year, according to data released by the Bureau of Labor Statistics. The \u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-hit-91-in-june-highest-in-40-years-700349/\\\\\\\"\u003ehigh inflation\u003c/a\u003e is likely to have a cascading impact across emerging market economies such as India.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The US Federal Reserve is raising the key \u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003einterest rates\u003c/a\u003e to contain the soaring inflation. With the central bank set to hike rates further outflows from \u003ca href=\\\\\\\"https://opoyi.com/business/how-us-fed-rate-hike-impacts-the-indian-rupee-332980/\\\\\\\"\u003eemerging markets\u003c/a\u003e are likely to continue, putting pressure on the currencies and markets. Specifically for India, it could accelerate the foreign fund outflows, increase the rupee’s woes and weaken domestic macros.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/wall-street-worried-after-bad-news-from-walmart-710598/\\\\\\\"\u003eWall Street worried after bad news from Walmart\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHere are five ways in which a sharp Fed rate hike could impact India:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIncrease in risk aversion\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"If the Fed increases interest rates sharply, it could raise expectations that the \u003ca href=\\\\\\\"https://opoyi.com/business/us-economy-sending-mixed-signals-heres-what-it-all-means-710478/\\\\\\\"\u003eUS economy\u003c/a\u003e is headed into a recession. If recessionary concerns deepen, investors are likely to stick to safer assets like gold and avoid riskier assets. Foreign investors have already withdrawn over $30 billion from \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e bond and equity markets so far in 2022. This trend will accelerate if risk aversion sets in and foreign investors become further bearish on India.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-meeting-when-and-where-to-watch-the-fomc-press-conference-710515/\\\\\\\"\u003eUS Fed meeting: When and where to watch the FOMC press conference\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eShrinking interest rate difference\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"During \u003ca href=\\\\\\\"https://opoyi.com/topics/covid/\\\\\\\"\u003eCOVID\u003c/a\u003e, interest rates in the US were close to zero, due to which emerging market asset classes, like India, were attractive to foreign investors. Now if the Fed’s rate increases are faster than that of the \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e, it could narrow the interest rate differential between the two economies and accelerate the outflow of dollars from India’s debt and equity markets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/biden-fights-talk-of-recession-as-key-economic-report-looms-710509/\\\\\\\"\u003eBiden fights talk of recession as key economic report looms\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWeaker rupee\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The narrowing interest rate differential is likely to negatively \u003ca href=\\\\\\\"https://opoyi.com/amp/india/how-us-fed-rate-hike-impacts-the-indian-rupee-332980/\\\\\\\"\u003eimpact the Indian rupee\u003c/a\u003e. The rupee has been on a downward slope against the dollar, with the Indian currency hitting record lows. If the interest rate differential between India and the US shrinks, it will lead to a decline in forwarding points, and the incentive to take on carry trades will be low. In addition, a widening trade deficit, a global dollar shortage, and an increase in foreign portfolio outflows will put pressure on the Indian currency.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWidening trade deficit\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Trade deficit is the difference between a country’s exports and imports. A weakening rupee can further increase India’s trade deficit and also make imports costlier. This could consequently raise the current account deficit further.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-begins-policy-meeting-with-the-goal-of-taming-inflation-710425/\\\\\\\"\u003eUS Fed begins policy meeting with the goal of taming inflation\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eUpward pressure on bond yields\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Global oil prices and wild swings in the US bond market typically affect Indian bond yields. An aggressive Fed rate hike can push the 10-year US Treasury bond yield higher. Consequently, India’s 10-year bond yield will also see upward pressure, in the backdrop of a weakening rupee and heavy debt supply. As a result, the government’s borrowing costs are set to rise.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"rupees","slug":"rupees","id":"vWXJN3VBs9Ut","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-27T12:40:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The United States consumer prices inflation surged to a new 40-year high in June, up 9.1% year-on-year, according to data released by the Bureau of Labor Statistics. The high inflation is likely to have a cascading impact across emerging market economies such as India. The US Federal Reserve is raising the key interest rates to contain the soaring inflation. With the central bank set to hike rates further outflows from emerging markets are likely to continue, putting pressure on the currencies and markets. Specifically for India, it could accelerate the foreign fund outflows, increase the rupee’s woes and weaken domestic macros. Also Read | Wall Street worried after bad news from Walmart,Here are five ways in which a sharp Fed rate hike could impact India:,Increase in risk aversion,If the Fed increases interest rates sharply, it could raise expectations that the US economy is headed into a recession. If recessionary concerns deepen, investors are likely to stick to safer assets like gold and avoid riskier assets. Foreign investors have already withdrawn over $30 billion from Indian bond and equity markets so far in 2022. This trend will accelerate if risk aversion sets in and foreign investors become further bearish on India. Also Read | US Fed meeting: When and where to watch the FOMC press conference,Shrinking interest rate difference,During COVID, interest rates in the US were close to zero, due to which emerging market asset classes, like India, were attractive to foreign investors. Now if the Fed’s rate increases are faster than that of the Reserve Bank of India, it could narrow the interest rate differential between the two economies and accelerate the outflow of dollars from India’s debt and equity markets. Also Read | Biden fights talk of recession as key economic report looms,Weaker rupee,The narrowing interest rate differential is likely to negatively impact the Indian rupee. The rupee has been on a downward slope against the dollar, with the Indian currency hitting record lows. If the interest rate differential between India and the US shrinks, it will lead to a decline in forwarding points, and the incentive to take on carry trades will be low. In addition, a widening trade deficit, a global dollar shortage, and an increase in foreign portfolio outflows will put pressure on the Indian currency. Also Read | The 2008 market crash: Inside the doomsday machine and a brief history,Widening trade deficit,Trade deficit is the difference between a country’s exports and imports. A weakening rupee can further increase India’s trade deficit and also make imports costlier. This could consequently raise the current account deficit further. Also Read | US Fed begins policy meeting with the goal of taming inflation,Upward pressure on bond yields,Global oil prices and wild swings in the US bond market typically affect Indian bond yields. An aggressive Fed rate hike can push the 10-year US Treasury bond yield higher. Consequently, India’s 10-year bond yield will also see upward pressure, in the backdrop of a weakening rupee and heavy debt supply. As a result, the government’s borrowing costs are set to rise.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"India,Fed,United States,the Bureau of Labor Statistics,The US Federal Reserve,COVID,the Reserve Bank of India,US Treasury,US Fed rate hike, stock market, Indian economy,US Fed hike Impact on India","originalPublishedOn":"2022-07-27T12:40:00+05:30"}},{"node":{"id":"YlJnWYLSNHFy","slug":"english/how-does-a-federal-fund-rate-hike-work","slugV2":"business/how-does-a-federal-fund-rate-hike-work-710618/","title":"How does a Federal fund rate hike work?","postType":1,"coverMedia":"/opoyi_IctKX0zIm.jpg","coverCaption":"Federal Reserve is continuing its efforts to contain prices by raising interest rates (Photo Credit: federalreserve.gov)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-27T19:48:47+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe US economy is fighting a 40-year-high inflation\u003c/li\u003e\n \u003cli\u003eConsumer Price Index surged 9.1% in June compared to year-ago\u003c/li\u003e\n \u003cli\u003eThe Federal Reserve is in charge of the country’s monetary policy\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658931527757,\\\"strCount\\\":3800,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The\u003ca href=\\\\\\\"https://opoyi.com/business/us-economy-sending-mixed-signals-heres-what-it-all-means-710478/\\\\\\\"\u003e US economy\u003c/a\u003e is fighting a \u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-hit-91-in-june-highest-in-40-years-700349/\\\\\\\"\u003e40-year-high inflation\u003c/a\u003e and the Federal Reserve is continuing its efforts to contain prices by raising interest rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eConsumer Price Index\u003c/a\u003e (CPI) data released this month revealed that inflation surged 9.1% in June compared to year-ago, marking the largest increase since November 1981.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-begins-policy-meeting-with-the-goal-of-taming-inflation-710425/\\\\\\\"\u003eUS Fed begins policy meeting with the goal of taming inflation\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In June, the \u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eFed hiked interest rates\u003c/a\u003e by 0.75% to a range of 1.5% to 1.75%, the biggest rise since 1994. The Fed is expected to announce another raise at the end of its two-day Federal Open Market Committee (FOMC) meeting Wednesday, at 2am Eastern Time. The FOMC is the body within the Fed that decides monetary policy, including interest rates. Further hikes are anticipated at committee meetings scheduled in September, November, and December.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/where-to-invest-during-high-inflation-710394/\\\\\\\"\u003eWhere to invest during high inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHow does a Fed hike work?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As the Federal Reserve is in charge of the country’s monetary policy, its dual motive is to promote “maximum employment and stable prices in the US economy”. Stable prices mean keeping inflation in check, with a long-term average annual target of 2%. In 2020, CPI inflation was 1.4%, and 7% in 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The federal funds rate, the rate at which banks charge each other for overnight loans, is one of the Fed’s main tools to impact inflation. However, the Fed doesn’t directly control all interest rates, when it raises the federal funds rate, all other interest rates eventually follow suit, including adjustable-rate mortgages, credit cards, home equity lines of credit, and other loans. Some of these are linked to the prime rate, which is based on the federal funds rate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/biden-fights-talk-of-recession-as-key-economic-report-looms-710509/\\\\\\\"\u003eBiden fights talk of recession as key economic report looms\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A hike in federal funds rate also impacts the US 10-year Treasury bond, which impacts mortgages. Borrowing money then becomes more expensive for consumers, who in turn reduce spending. Demand starts to decline and inflation, in theory, begins to relent. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Some Americans, particularly seniors, see their coffers buoyed by higher bank savings rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-meeting-when-and-where-to-watch-the-fomc-press-conference-710515/\\\\\\\"\u003eUS Fed meeting: When and where to watch the FOMC press conference\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eInterest rate hike’s impact on stocks\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Interest rate hikes cause volatility in the stock market. The value of future earnings tends to decline when higher interest rates are expected, making investors less eager to bid up stock prices, according to US Bank.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/wall-street-worried-after-bad-news-from-walmart-710598/\\\\\\\"\u003eWall Street worried after bad news from Walmart\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Higher interest rates are meant to slow down the economy, which can affect revenues for companies, potentially damaging their growth and stock prices\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"USEconomy","slug":"useconomy","id":"xuPbZjQlomEt","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-27T12:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The US economy is fighting a 40-year-high inflation and the Federal Reserve is continuing its efforts to contain prices by raising interest rates. The Consumer Price Index (CPI) data released this month revealed that inflation surged 9.1% in June compared to year-ago, marking the largest increase since November 1981. Also Read | US Fed begins policy meeting with the goal of taming inflation,In June, the Fed hiked interest rates by 0.75% to a range of 1.5% to 1.75%, the biggest rise since 1994. The Fed is expected to announce another raise at the end of its two-day Federal Open Market Committee (FOMC) meeting Wednesday, at 2am Eastern Time. The FOMC is the body within the Fed that decides monetary policy, including interest rates. Further hikes are anticipated at committee meetings scheduled in September, November, and December. Also Read | Where to invest during high inflation?,How does a Fed hike work?,As the Federal Reserve is in charge of the country’s monetary policy, its dual motive is to promote “maximum employment and stable prices in the US economy”. Stable prices mean keeping inflation in check, with a long-term average annual target of 2%. In 2020, CPI inflation was 1.4%, and 7% in 2021. Also Read | The 2008 market crash: Inside the doomsday machine and a brief history,The federal funds rate, the rate at which banks charge each other for overnight loans, is one of the Fed’s main tools to impact inflation. However, the Fed doesn’t directly control all interest rates, when it raises the federal funds rate, all other interest rates eventually follow suit, including adjustable-rate mortgages, credit cards, home equity lines of credit, and other loans. Some of these are linked to the prime rate, which is based on the federal funds rate. Also Read | Biden fights talk of recession as key economic report looms,A hike in federal funds rate also impacts the US 10-year Treasury bond, which impacts mortgages. Borrowing money then becomes more expensive for consumers, who in turn reduce spending. Demand starts to decline and inflation, in theory, begins to relent. ,Some Americans, particularly seniors, see their coffers buoyed by higher bank savings rates. Also Read | US Fed meeting: When and where to watch the FOMC press conference,Interest rate hike’s impact on stocks,Interest rate hikes cause volatility in the stock market. The value of future earnings tends to decline when higher interest rates are expected, making investors less eager to bid up stock prices, according to US Bank. Also Read | Wall Street worried after bad news from Walmart,Higher interest rates are meant to slow down the economy, which can affect revenues for companies, potentially damaging their growth and stock prices","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,US,the Federal Reserve,Federal Open Market Committee,FOMC,Treasury,US Bank,US federal reserve, Federal Reserve, Stock market, Fed reserve","originalPublishedOn":"2022-07-27T12:00:00+05:30"}},{"node":{"id":"bFjDD5mcT1WJ","slug":"english/impact-of-fed-rate-on-us-stocks-and-bond-markets","slugV2":"business/impact-of-fed-rate-on-us-stocks-and-bond-markets-710558/","title":"Impact of Fed rates on US stocks and bond markets","postType":1,"coverMedia":"/opoyi_hQ4MV2MGy.jpg","coverCaption":"The Federal Reserve sets the target interest rates at which banks borrow and lend money to one another (Photo Credit: Representational/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-27T19:53:51+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eChanges in interest rates can have both positive and negative impact on the markets\u003c/li\u003e\n \u003cli\u003eCentral banks often change their target rates in response to overall economic activity\u003c/li\u003e\n \u003cli\u003eThere is an inverse relationship between bond prices and interest rates\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658931831834,\\\"strCount\\\":5272,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-begins-policy-meeting-with-the-goal-of-taming-inflation-710425/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e sets the target interest rates at which banks borrow and lend money to one another, known as the \u003ca href=\\\\\\\"https://opoyi.com/business/how-does-a-federal-fund-rate-hike-work-710618/\\\\\\\"\u003efederal funds rates\u003c/a\u003e and this has a ripple effect across the overall \u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-hit-91-in-june-highest-in-40-years-700349/\\\\\\\"\u003eeconomy\u003c/a\u003e. While it usually takes at least 12 months for a change in this interest rate to show a widespread economic impact, the stock market’s reaction to a change is often more immediate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-meeting-when-and-where-to-watch-the-fomc-press-conference-710515/\\\\\\\"\u003eUS Fed meeting: When and where to watch the FOMC press conference\u003c/a\u003e\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eChanges in interest rates\u003c/a\u003e can have both positive and negative impact on the markets. Central banks often change their target rates in response to overall economic activity. When the economy is overly strong the interest rates are raised and when the economy is sluggish, interest rates are lowered.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/biden-fights-talk-of-recession-as-key-economic-report-looms-710509/\\\\\\\"\u003eBiden fights talk of recession as key economic report looms\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Understanding the relationship between interest rates and the stock market can help investors understand how changes may impact their investments. Here’s how interest rates can have an impact on the stock and bond markets:\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eImpact on stocks\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When interest rates increase, it also makes it more expensive for companies to raise capital. They will have to higher interest rates on the bonds they issue, for example. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Making it more expensive to raise capital could hinder future growth prospects as well as short-term earnings. The result could be a revision downward in profit forecasts going forward as rates increase. If the company is seen as cutting back on its growth or is less profitable, either due to higher debt expenses or less revenue, the estimated amount of future cash flows will decline. All else being equal, this will lead to a decrease in the price of the company’s stock.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-economy-sending-mixed-signals-heres-what-it-all-means-710478/\\\\\\\"\u003eUS economy sending mixed signals: Here's what it all means\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"If the companies witness falls in their stock price, the overall market, or the benchmark indexes many people equate with the market – the S\u0026amp;P 500, the Nasdaq, the Dow Jones Industrial Average, etc – will go down. With lowered expectations on the growth and future cash flows of a company, investors will not get as much growth from a rise in stock prices. This can make stock ownership less lucrative. Moreover, investing in equities can be seen as much riskier when compared to other investments.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/where-to-invest-during-high-inflation-710394/\\\\\\\"\u003eWhere to invest during high inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, the one sector that tends to benefit the most from interest rate hikes in the financial industry. Banks, brokerages, mortgage companies, and insurance companies’ earnings often increase – as interest rates move higher because they can charge more for lending rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/grim-news-from-walmart-sends-us-markets-tumbling-710336/\\\\\\\"\u003eGrim news from Walmart sends US markets tumbling\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eImpact on bonds\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Interest rates also affect bond prices. There is an inverse relationship between bond prices and interest rates, which means that as interest rates rise, bond prices fall and as interest rates fall, bond prices rise.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Governments and businesses raise money through the sale of bonds. As interest rates increase, the cost of borrowing becomes more expensive. This means that demand for lower-yield bonds will drop, causing their price to drop.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/what-is-america-first-agenda-summit-710512/\\\\\\\"\u003eWhat is America First Agenda Summit?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As interest rates decline it becomes cheaper to borrow money, and many companies will issue new bonds to finance expansion. This will lead to a rise in demand for higher-yielding bonds, forcing bond prices higher. Issuers of callable bonds may opt to refinance by calling their existing bonds so they can lock in a lower interest rate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-global-economy-is-not-in-recession-yet-709207/\\\\\\\"\u003eWhy global economy is not in recession yet\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For income-oriented investors, a decline in the federal funds rate means a decreased opportunity to make money from interest. Newly-issued treasuries and annuities won’t pay as much. A decline in interest rates will encourage investors to shift from the bond market to the equity market. The inflow of new capital instead can cause the equity markets to rise.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-27T11:20:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Federal Reserve sets the target interest rates at which banks borrow and lend money to one another, known as the federal funds rates and this has a ripple effect across the overall economy. While it usually takes at least 12 months for a change in this interest rate to show a widespread economic impact, the stock market’s reaction to a change is often more immediate. Also Read | US Fed meeting: When and where to watch the FOMC press conference ,Changes in interest rates can have both positive and negative impact on the markets. Central banks often change their target rates in response to overall economic activity. When the economy is overly strong the interest rates are raised and when the economy is sluggish, interest rates are lowered. Also Read | Biden fights talk of recession as key economic report looms,Understanding the relationship between interest rates and the stock market can help investors understand how changes may impact their investments. Here’s how interest rates can have an impact on the stock and bond markets:,Also Read | The 2008 market crash: Inside the doomsday machine and a brief history,Impact on stocks,When interest rates increase, it also makes it more expensive for companies to raise capital. They will have to higher interest rates on the bonds they issue, for example. ,Making it more expensive to raise capital could hinder future growth prospects as well as short-term earnings. The result could be a revision downward in profit forecasts going forward as rates increase. If the company is seen as cutting back on its growth or is less profitable, either due to higher debt expenses or less revenue, the estimated amount of future cash flows will decline. All else being equal, this will lead to a decrease in the price of the company’s stock. Also Read | US economy sending mixed signals: Here's what it all means,If the companies witness falls in their stock price, the overall market, or the benchmark indexes many people equate with the market – the S\u0026P 500, the Nasdaq, the Dow Jones Industrial Average, etc – will go down. With lowered expectations on the growth and future cash flows of a company, investors will not get as much growth from a rise in stock prices. This can make stock ownership less lucrative. Moreover, investing in equities can be seen as much riskier when compared to other investments. Also Read | Where to invest during high inflation?,However, the one sector that tends to benefit the most from interest rate hikes in the financial industry. Banks, brokerages, mortgage companies, and insurance companies’ earnings often increase – as interest rates move higher because they can charge more for lending rates. Also Read | Grim news from Walmart sends US markets tumbling,Impact on bonds,Interest rates also affect bond prices. There is an inverse relationship between bond prices and interest rates, which means that as interest rates rise, bond prices fall and as interest rates fall, bond prices rise. Governments and businesses raise money through the sale of bonds. As interest rates increase, the cost of borrowing becomes more expensive. This means that demand for lower-yield bonds will drop, causing their price to drop. Also Read | What is America First Agenda Summit?,As interest rates decline it becomes cheaper to borrow money, and many companies will issue new bonds to finance expansion. This will lead to a rise in demand for higher-yielding bonds, forcing bond prices higher. Issuers of callable bonds may opt to refinance by calling their existing bonds so they can lock in a lower interest rate. Also Read | Why global economy is not in recession yet,For income-oriented investors, a decline in the federal funds rate means a decreased opportunity to make money from interest. Newly-issued treasuries and annuities won’t pay as much. A decline in interest rates will encourage investors to shift from the bond market to the equity market. The inflow of new capital instead can cause the equity markets to rise.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"The Federal Reserve,Nasdaq,US","originalPublishedOn":"2022-07-27T11:20:00+05:30"}},{"node":{"id":"hiEPc6uDYBvG","slug":"english/how-us-fed-rate-hike-impacts-the-indian-rupee","slugV2":"business/how-us-fed-rate-hike-impacts-the-indian-rupee-332980/","title":"How US Fed rate hike impacts the Indian rupee","postType":1,"coverMedia":"/opoyi_Oz1RO2OSy.jpg","coverCaption":"The accelerated pace of outflow of foreign investments could pose a downward pressure on the rupee (Photo Credit: Representative Image/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-27T10:46:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eIndian rupee may further decline to 82 to a dollar in the near term\u003c/li\u003e\n \u003cli\u003eIndian markets risk becoming less attractive to foreign investors\u003c/li\u003e\n \u003cli\u003eA widening trade deficit has already caused the rupee to weaken\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658898908745,\\\"strCount\\\":3035,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The accelerated pace of outflow of foreign investments, along with elevated \u003ca href=\\\\\\\"https://opoyi.com/world/russia-resumes-nord-streams-gas-supply-to-europe-706403/\\\\\\\"\u003ecrude oil\u003c/a\u003e and commodity prices, could pose a downward pressure on the rupee. Last week, the rupee depreciated to an all-time low of 80.06 a dollar. The currency has depreciated by 7% against the dollar, so far, in this calendar year. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The downward trend in the Indian rupee is not out of sync with other emerging economies’ currencies.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-meeting-when-and-where-to-watch-the-fomc-press-conference-710515/\\\\\\\"\u003eUS Fed meeting: When and where to watch the FOMC press conference\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to economists, the Indian rupee may further decline to 82 to a dollar in the near term due to the widening of the trade deficit and expected aggressive rate hike by the \u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-begins-policy-meeting-with-the-goal-of-taming-inflation-710425/\\\\\\\"\u003eUS Fed\u003c/a\u003e this week to curb \u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-hit-91-in-june-highest-in-40-years-700349/\\\\\\\"\u003erecord-high inflation\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/biden-fights-talk-of-recession-as-key-economic-report-looms-710509/\\\\\\\"\u003eBiden fights talk of recession as key economic report looms\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indian markets risk becoming less attractive to foreign investors. A widening trade deficit, owing to growth in imports outpacing exports and several other factors has already caused the rupee to weaken. Economists said the latest rate hike by the US Fed will improve yields on US treasuries and reinforce the dollar’s strength against the rupee. “That will make the Indian financial market less attractive to foreign investors and accelerate outflows from the Indian bond and equity market. That will put further pressure on the Indian rupee,” said Ritesh Kumar Singh, an economist and assistant director in the 13th Finance Commission.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"India’s inflation rate may accelerate as a result of the Fed rate increase. Depreciation of the rupee will increase the rupee cost of imported goods such as crude oil, chemicals and fertilizers, electronics, and active pharmaceutical ingredients. That will worsen situations on the inflation front as well as management of fiscal deficit due to increased subsidy bills. However, the weaker rupee will be beneficial for net exporting sectors such as information technology and pharmaceuticals.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-economy-sending-mixed-signals-heres-what-it-all-means-710478/\\\\\\\"\u003eUS economy sending mixed signals: Here's what it all means\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Apart from this, a weaker rupee is expected to increase effective protection for indigenous businesses from imports depending on the impact of the US Fed rate hikes on competing currencies.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Forex","slug":"forex","id":"RljaSYLZDBMy","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0},{"name":"Europe","slug":"europe","id":"v2KXw3fOql0S","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-27T10:46:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The accelerated pace of outflow of foreign investments, along with elevated crude oil and commodity prices, could pose a downward pressure on the rupee. Last week, the rupee depreciated to an all-time low of 80.06 a dollar. The currency has depreciated by 7% against the dollar, so far, in this calendar year. ,The downward trend in the Indian rupee is not out of sync with other emerging economies’ currencies. Also Read | US Fed meeting: When and where to watch the FOMC press conference,According to economists, the Indian rupee may further decline to 82 to a dollar in the near term due to the widening of the trade deficit and expected aggressive rate hike by the US Fed this week to curb record-high inflation. Also Read | Biden fights talk of recession as key economic report looms,Indian markets risk becoming less attractive to foreign investors. A widening trade deficit, owing to growth in imports outpacing exports and several other factors has already caused the rupee to weaken. Economists said the latest rate hike by the US Fed will improve yields on US treasuries and reinforce the dollar’s strength against the rupee. “That will make the Indian financial market less attractive to foreign investors and accelerate outflows from the Indian bond and equity market. That will put further pressure on the Indian rupee,” said Ritesh Kumar Singh, an economist and assistant director in the 13th Finance Commission. Also Read | The 2008 market crash: Inside the doomsday machine and a brief history,India’s inflation rate may accelerate as a result of the Fed rate increase. Depreciation of the rupee will increase the rupee cost of imported goods such as crude oil, chemicals and fertilizers, electronics, and active pharmaceutical ingredients. That will worsen situations on the inflation front as well as management of fiscal deficit due to increased subsidy bills. However, the weaker rupee will be beneficial for net exporting sectors such as information technology and pharmaceuticals. Also Read | US economy sending mixed signals: Here's what it all means,Apart from this, a weaker rupee is expected to increase effective protection for indigenous businesses from imports depending on the impact of the US Fed rate hikes on competing currencies.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"the United States,Indian,US,Russia,India,Federal Reserve,the Federal Reserve,the central bank's,the Federal Open Market Committee,the US Federal Reserve,the US Fed,forex reserve,India Ratings,Indian rupee, Indian currency, US fed hike on rupee,US Federal ","originalPublishedOn":"2022-05-27T15:45:00+05:30"}},{"node":{"id":"y1Fg4XUADN25","slug":"english/how-the-us-fed-rate-hike-impacts-your-savings-and-loans","slugV2":"business/how-the-us-fed-rate-hike-impacts-your-savings-and-loans-710562/","title":"How the US Fed rate hike impacts your savings and loans?","postType":1,"coverMedia":"/opoyi_XqrAeI6_Z.jpg","coverCaption":"The US CPI rose to a 40-year high in June, up 9.1% year-on-year (Photo Credit: Representational/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-27T10:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe US Federal Reserve is raising the key interest rates to curb inflation\u003c/li\u003e\n \u003cli\u003eHigher interest rates are great for the savings account holders\u003c/li\u003e\n \u003cli\u003eConsumer credit is more sensitive to Fed rate changes\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658895777455,\\\"strCount\\\":3690,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-hit-91-in-june-highest-in-40-years-700349/\\\\\\\"\u003eUnited States\u003c/a\u003e consumer price index (\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eCPI\u003c/a\u003e) rose to a 40-year high in June, up 9.1% year-on-year, according to data released by the Bureau of Labor Statistics on July 13. The US Federal Reserve is \u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eraising the key interest rates\u003c/a\u003e to curb inflation. Fed officials have already raised benchmark short-term borrowing rates by 1.5 percentage points this year, including June’s 75 basis points increase, which was the largest increase in almost three decades.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-meeting-when-and-where-to-watch-the-fomc-press-conference-710515/\\\\\\\"\u003eUS Fed meeting: When and where to watch the FOMC press conference\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Any move by the \u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-begins-policy-meeting-with-the-goal-of-taming-inflation-710425/\\\\\\\"\u003eFed \u003c/a\u003eto hike rates will correspond with an increase in the prime rate, sending financing costs higher for various types of consumer loans. Short-term borrowing rates will be the first to jump. Variable-rate debt tends to follow Fed moves within one to three statement cycles, according to Greg McBride, Bankrate’s chief financial analyst. Here’s how interest rates could impact your savings accounts, bank deposits, and loans:\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/biden-fights-talk-of-recession-as-key-economic-report-looms-710509/\\\\\\\"\u003eBiden fights talk of recession as key economic report looms\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eImpact on savings accounts and bank deposits\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Higher interest rates might be bad for borrowers but they are great for the savings account holders because the Fed funds rate is also a benchmark for deposit account annual percentage yields (APYs). When Federal Open Market Committee (FOMC) raises the rate, banks increase the amount you earn from deposit accounts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Accordingly, the APYs you earn on savings accounts, checking accounts, certificates of deposit (CDs), and money market accounts rise higher as well. The online savings accounts react more quickly to Fed rate changes because there is much more competition among online banks for deposits. APYs offered by conventional banks respond considerably slow to rate hikes and generally don’t get very high even in the best of times.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-economy-sending-mixed-signals-heres-what-it-all-means-710478/\\\\\\\"\u003eUS economy sending mixed signals: Here's what it all means\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eImpact on consumer credit\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Consumer credit, like personal loans, lines of credit, and credit cards, is more sensitive to Fed rate changes. Variable rate loans are particularly sensitive to Fed rate changes as the interest rates they charge are pegged to benchmarks that reference the Fed funds rate. Interest rates for new fixed-rate loans can increase, but existing ones are immune to changes to the Fed funds rate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/where-to-invest-during-high-inflation-710394/\\\\\\\"\u003eWhere to invest during high inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For example, between 2004 and 2006, the Federal Reserve hiked interest rates 17 times from 1.0% to 5.25% to control inflation and cool off an overheated economy. Commercial banks hiked their rates to 8.25% increasing the cost of borrowing on credit cards and lines of credit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"PersonalFinance","slug":"personalfinance","id":"Osjyfrk7KP8h","isSection":0},{"name":"SavingAccount","slug":"savingaccount","id":"ItDT1ALjSF1E","isSection":0},{"name":"Loans","slug":"loans","id":"zfEaEycqSE1k","isSection":0},{"name":"CreditCard","slug":"creditcard","id":"dEKlN8Nzs96c","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-27T10:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The United States consumer price index (CPI) rose to a 40-year high in June, up 9.1% year-on-year, according to data released by the Bureau of Labor Statistics on July 13. The US Federal Reserve is raising the key interest rates to curb inflation. Fed officials have already raised benchmark short-term borrowing rates by 1.5 percentage points this year, including June’s 75 basis points increase, which was the largest increase in almost three decades. Also Read | US Fed meeting: When and where to watch the FOMC press conference,Any move by the Fed to hike rates will correspond with an increase in the prime rate, sending financing costs higher for various types of consumer loans. Short-term borrowing rates will be the first to jump. Variable-rate debt tends to follow Fed moves within one to three statement cycles, according to Greg McBride, Bankrate’s chief financial analyst. Here’s how interest rates could impact your savings accounts, bank deposits, and loans:,Also Read | Biden fights talk of recession as key economic report looms,Impact on savings accounts and bank deposits,Higher interest rates might be bad for borrowers but they are great for the savings account holders because the Fed funds rate is also a benchmark for deposit account annual percentage yields (APYs). When Federal Open Market Committee (FOMC) raises the rate, banks increase the amount you earn from deposit accounts. Also Read | The 2008 market crash: Inside the doomsday machine and a brief history,Accordingly, the APYs you earn on savings accounts, checking accounts, certificates of deposit (CDs), and money market accounts rise higher as well. The online savings accounts react more quickly to Fed rate changes because there is much more competition among online banks for deposits. APYs offered by conventional banks respond considerably slow to rate hikes and generally don’t get very high even in the best of times. Also Read | US economy sending mixed signals: Here's what it all means,Impact on consumer credit,Consumer credit, like personal loans, lines of credit, and credit cards, is more sensitive to Fed rate changes. Variable rate loans are particularly sensitive to Fed rate changes as the interest rates they charge are pegged to benchmarks that reference the Fed funds rate. Interest rates for new fixed-rate loans can increase, but existing ones are immune to changes to the Fed funds rate. Also Read | Where to invest during high inflation?,For example, between 2004 and 2006, the Federal Reserve hiked interest rates 17 times from 1.0% to 5.25% to control inflation and cool off an overheated economy. Commercial banks hiked their rates to 8.25% increasing the cost of borrowing on credit cards and lines of credit.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,United States,the Bureau of Labor Statistics,The US Federal Reserve,Bankrate,Federal Open Market Committee,the Federal Reserve,Federal Reserve, US Fed rate hike, US economy, Fed hike, Consumer credit, Bank deposits","originalPublishedOn":"2022-07-27T10:00:00+05:30"}},{"node":{"id":"11EC2DKCkWou","slug":"english/us-fed-begins-policy-meeting-with-the-goal-of-taming-inflation","slugV2":"business/us-fed-begins-policy-meeting-with-the-goal-of-taming-inflation-710425/","title":"US Fed begins policy meeting with the goal of taming inflation","postType":1,"coverMedia":"/opoyi_IPjOrEia9.jpg","coverCaption":"US Fed Chair Jerome Powell.(Photo credit: Twitter/@federalreserve)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-26T22:48:59+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe US Federal Reserve is expected to announce another significant interest rate hike\u003c/li\u003e\n \u003cli\u003eFed is prepared to risk an economic slowdown in order to combat inflation\u003c/li\u003e\n \u003cli\u003eThe FOMC is likely to raise the benchmark borrowing rate by three-quarters of a percentage point\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658855938817,\\\"strCount\\\":2632,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The US \u003ca href=\\\\\\\"https://opoyi.com/topics/federalreserve/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e began its two-day policy meeting on Tuesday, prepared for another round of rate hikes to contain rising \u003ca href=\\\\\\\"https://opoyi.com/topics/inflation/\\\\\\\"\u003einflation\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On Wednesday, the Federal Reserve is expected to announce another significant interest rate rise, the fourth this year, in a bid to alleviate pricing pressures that have been pinching \u003ca href=\\\\\\\"https://opoyi.com/topics/american/\\\\\\\"\u003eAmerican\u003c/a\u003e consumers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003eWhy is the US Fed Reserve hiking interest rates?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The problem for policymakers is to control inflation before it gets dangerously entrenched, yet without plunging the world's largest economy into a global \u003ca href=\\\\\\\"https://opoyi.com/topics/recession/\\\\\\\"\u003erecession\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, following a 9.1% increase in annual consumer prices in June, Fed Chair Jerome Powell has made it apparent Fed is prepared to risk an economic slowdown in order to combat inflation. As a result, central bankers will continue to raise interest rates until they can clearly see that the rate is returning to the 2% target.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/grim-news-from-walmart-sends-us-markets-tumbling-710336/\\\\\\\"\u003eGrim news from Walmart sends US markets tumbling\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Federal Open Market Committee, which sets policy, is likely to raise the benchmark borrowing rate by three-quarters of a percentage point on Wednesday as part of its relentless push to temper demand and alleviate pricing pressures on American individuals and companies.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/5-most-expensive-pieces-of-real-estate-owned-by-billionaires-709809/\\\\\\\"\u003e5 most expensive pieces of real estate owned by billionaires\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"While prices have continued to grow, with housing prices reaching a new high, there are hints that the rate of increase is slowing, which may allow the central bank to ease off on rate hikes.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed hiked the policy lending rate from zero at the start of the year to a range of 1.5% to 1.75%, pushing mortgage rates higher and slowing house sales for five months in a row.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Policymakers seek to design a \\\\\\\"soft landing,\\\\\\\" controlling inflation without precipitating a slump, but economists warn that the route to success is becoming increasingly narrow, and it is possible to overshoot by being too aggressive.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"American","slug":"american","id":"NZFYoh1gkc1s","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-26T22:48:56+05:30","publisher":0,"sourceFeed":null,"cleanText":"The US Federal Reserve began its two-day policy meeting on Tuesday, prepared for another round of rate hikes to contain rising inflation. On Wednesday, the Federal Reserve is expected to announce another significant interest rate rise, the fourth this year, in a bid to alleviate pricing pressures that have been pinching American consumers. Also Read| Why is the US Fed Reserve hiking interest rates?,The problem for policymakers is to control inflation before it gets dangerously entrenched, yet without plunging the world's largest economy into a global recession. However, following a 9.1% increase in annual consumer prices in June, Fed Chair Jerome Powell has made it apparent Fed is prepared to risk an economic slowdown in order to combat inflation. As a result, central bankers will continue to raise interest rates until they can clearly see that the rate is returning to the 2% target. Also Read| Grim news from Walmart sends US markets tumbling,The Federal Open Market Committee, which sets policy, is likely to raise the benchmark borrowing rate by three-quarters of a percentage point on Wednesday as part of its relentless push to temper demand and alleviate pricing pressures on American individuals and companies. Also Read| 5 most expensive pieces of real estate owned by billionaires,While prices have continued to grow, with housing prices reaching a new high, there are hints that the rate of increase is slowing, which may allow the central bank to ease off on rate hikes. The Fed hiked the policy lending rate from zero at the start of the year to a range of 1.5% to 1.75%, pushing mortgage rates higher and slowing house sales for five months in a row. Also Read| Great Depression to COVID: Top 5 market crashes in American history,Policymakers seek to design a soft landing, controlling inflation without precipitating a slump, but economists warn that the route to success is becoming increasingly narrow, and it is possible to overshoot by being too aggressive.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,The US Federal Reserve,the Federal Reserve,Jerome Powell,The Federal Open Market Committee,American","originalPublishedOn":"2022-07-26T22:48:56+05:30"}},{"node":{"id":"1iFM34dm2o0F","slug":"english/grim-news-from-walmart-sends-us-markets-tumbling","slugV2":"business/grim-news-from-walmart-sends-us-markets-tumbling-710336/","title":"Grim news from Walmart sends US markets tumbling","postType":1,"coverMedia":"/opoyi_wwJVVNP9SiNb.jpg","coverCaption":"A pedestrian passes the New York Stock Exchange. (Photo credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-26T21:20:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe S\u0026amp;P 500 index was down 0.6%, the Dow Jones Industrial Average lost 0.4%\u003c/li\u003e\n \u003cli\u003eWalmart shares dropped nearly 9% after the retail giant cut its profit outlook\u003c/li\u003e\n \u003cli\u003eInvestors are also looking to the Federal Reserve, which is expected to announce a rate hike on Wednesday\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658848699134,\\\"strCount\\\":3015,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/stockmarket/\\\\\\\"\u003eStocks\u003c/a\u003e are being dragged lower early Tuesday after earnings from corporate giant \u003ca href=\\\\\\\"https://opoyi.com/topics/walmart/\\\\\\\"\u003eWalmart\u003c/a\u003e showed inflation was negatively impacting \u003ca href=\\\\\\\"https://opoyi.com/topics/american/\\\\\\\"\u003eAmerican\u003c/a\u003e consumers' spending power.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/st-louis-missouri-flash-floods-emergency-issued-as-city-records-historic-rainfall-710275/\\\\\\\"\u003eSt Louis, Missouri flash floods: Emergency issued as city records historic rainfall\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 index was down 0.6% as of 9:55 a.m. Eastern. The Dow Jones Industrial Average lost 0.4% and the Nasdaq Composite was down noticeably more, falling 1%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Walmart shares dropped nearly 9% after the retail giant cut its profit outlook for the second quarter and the full year, saying rising prices for food and gas are forcing shoppers to cut back on discretionary items, particularly clothing, that carry higher profit margins.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/michael-larosa-first-lady-dr-jill-bidens-press-secretary-leaving-the-white-house-710095/\\\\\\\"\u003eMichael LaRosa, first lady's press secretary, leaving the White House\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Walmart’s profit warning in the middle of the quarter is rare, and raised worries about how the highest inflation in 40 years is affecting the entire retail sector. The stocks of other major chains, including Target, Macy’s and Kohl’s, fell following Walmart’s announcement.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/mary-jane-thomas-family-net-worth-and-cause-of-death-709877/\\\\\\\"\u003eMary Jane Thomas' family, net worth and cause of death\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shares of automaker General Motors were also falling sharply, after the company's second-quarter profit fell 40% from a year ago, as computer chip and parts shortages hobbled factory output and drove the company’s U.S. sales down more than 15%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/detroit/\\\\\\\"\u003eDetroit\u003c/a\u003e automaker earned $1.67 billion from April through June, well below the $2.79 billion it made a year earlier. GM couldn’t deliver 95,000 vehicles during the quarter because it lacked parts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/donald-trump-to-first-make-washington-dc-comeback-after-leaving-white-house-709930/\\\\\\\"\u003eDonald Trump to first make Washington DC comeback after leaving White House\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors are also looking to the Federal Reserve, which is expected to announce a rate hike of up to three-quarters of a percentage point on Wednesday, triple the usual margin. The central bank is waging an aggressive campaign to stem four-decade high \u003ca href=\\\\\\\"https://opoyi.com/topics/inflation/\\\\\\\"\u003einflation\u003c/a\u003e. The expected hike would put the Fed’s benchmark rate in a range of 2.25% to 2.5%, the highest since 2018.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Tech heavyweights \u003ca href=\\\\\\\"https://opoyi.com/topics/apple/\\\\\\\"\u003eApple\u003c/a\u003e, Meta, \u003ca href=\\\\\\\"https://opoyi.com/topics/microsoft/\\\\\\\"\u003eMicrosoft\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/topics/amazon/\\\\\\\"\u003eAmazon\u003c/a\u003e are due to report their results later this week.\\\"}}]}","relatedPosts":null,"location":{"name":"United States"},"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Walmart","slug":"walmart","id":"xZhtJX8hukit","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK","isSection":0},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"American","slug":"american","id":"NZFYoh1gkc1s","isSection":0},{"name":"GeneralMotors","slug":"generalmotors","id":"Q6eXgRaE4zKo","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"Detroit","slug":"detroit","id":"pxEEEyELlOj8","isSection":0},{"name":"Apple","slug":"apple","id":"EDjrcdPuhPoT","isSection":0},{"name":"Microsoft","slug":"microsoft","id":"3JaT3LQGqUH6","isSection":0},{"name":"Amazon","slug":"amazon","id":"U23eu7EXkD8d","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Technology","slug":"technology","id":"v6bHEgqIl262","isSection":1},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2}],"userReaction":"","isBookmarked":false,"authors":[{"name":"AP","id":"8dFR8PhLJl4s","username":"associatedpress","role":8,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-26T21:20:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Stocks are being dragged lower early Tuesday after earnings from corporate giant Walmart showed inflation was negatively impacting American consumers' spending power. Also Read| St Louis, Missouri flash floods: Emergency issued as city records historic rainfall,The S\u0026P 500 index was down 0.6% as of 9:55 a.m. Eastern. The Dow Jones Industrial Average lost 0.4% and the Nasdaq Composite was down noticeably more, falling 1%. Walmart shares dropped nearly 9% after the retail giant cut its profit outlook for the second quarter and the full year, saying rising prices for food and gas are forcing shoppers to cut back on discretionary items, particularly clothing, that carry higher profit margins. Also Read| Michael LaRosa, first lady's press secretary, leaving the White House,Walmart’s profit warning in the middle of the quarter is rare, and raised worries about how the highest inflation in 40 years is affecting the entire retail sector. The stocks of other major chains, including Target, Macy’s and Kohl’s, fell following Walmart’s announcement. Also Read| Mary Jane Thomas' family, net worth and cause of death,Shares of automaker General Motors were also falling sharply, after the company's second-quarter profit fell 40% from a year ago, as computer chip and parts shortages hobbled factory output and drove the company’s U.S. sales down more than 15%. The Detroit automaker earned $1.67 billion from April through June, well below the $2.79 billion it made a year earlier. GM couldn’t deliver 95,000 vehicles during the quarter because it lacked parts. Also Read| Donald Trump to first make Washington DC comeback after leaving White House,Investors are also looking to the Federal Reserve, which is expected to announce a rate hike of up to three-quarters of a percentage point on Wednesday, triple the usual margin. The central bank is waging an aggressive campaign to stem four-decade high inflation. The expected hike would put the Fed’s benchmark rate in a range of 2.25% to 2.5%, the highest since 2018. Tech heavyweights Apple, Meta, Microsoft and Amazon are due to report their results later this week.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"37.0902","longitude":"-95.7129","name":"United States","city":"Bartlesville"},"keywords":"American,Eastern,Target,Macy,Kohl,General Motors,U.S.,Detroit,GM,the Federal Reserve,Fed,Apple,Microsoft,Amazon","originalPublishedOn":"2022-07-26T21:20:00+05:30"}},{"node":{"id":"5X1wixgg4j4h","slug":"english/who-is-janet-yellen","slugV2":"usa/who-is-janet-yellen-709976/","title":"Who is Janet Yellen?","postType":1,"coverMedia":"/opoyi_My9UDHUz09.jpg","coverCaption":"FILE - Department of the Treasury Secretary Janet Yellen. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-26T15:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eJanet Yellen is currently the Treasury Secretary of US\u003c/li\u003e\n \u003cli\u003eJanet Yellen was born in Brooklyn's Bay Ridge in 1946\u003c/li\u003e\n \u003cli\u003eShe graduated from Brown and Yale University\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658827646741,\\\"strCount\\\":2800,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/usa/woman-of-firsts-janet-yellen-is-joe-bidens-pick-for-us-treasury-chief-554413/\\\\\\\"\u003eJanet Yellen\u003c/a\u003e, who currently serves as\u003ca href=\\\\\\\"https://opoyi.com/usa/us-treasury-secretary-janet-yellen-explains-why-she-was-wrong-on-inflation-path-519682/\\\\\\\"\u003e Treasury Secretary\u003c/a\u003e of the United States, has been a part of the academia and public service sectors for over five decades. She is also the only person who has headed the three most crucial economic bodies of America: the \u003ca href=\\\\\\\"https://opoyi.com/usa/us-economic-growth-may-rise-to-65-says-federal-reserve-333027/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e, the Treasury Department and the\u0026nbsp;White House Council of Economic Advisors.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Janet Yellen, 75, was born in Brooklyn's Bay Ridge in 1946. According to her official website, Yellen's father was a family physician and her mother was an elementary school teacher.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/donald-trump-to-first-make-washington-dc-comeback-after-leaving-white-house-709930/\\\\\\\"\u003eDonald Trump to first make Washington DC comeback after leaving White House\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Yellen was first associated with the Federal Reserve Board in 1976, before which she worked as an assistant professor at Harvard University. She completed her education at two Ivy League institutions: Brown University and Yale University.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Former US President \u003ca href=\\\\\\\"https://opoyi.com/usa/bill-clinton-george-w-bush-visit-ukrainian-church-in-chicago-372870/\\\\\\\"\u003eBill Clinton\u003c/a\u003e, a Democrat, roped in Janet Yellen. She was appointed to the\u0026nbsp;Federal Reserve Board of Governors. She was later escalated to the position of Chairperson of the\u0026nbsp;White House Council of Economic Advisers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the aftermath of the 2008\u0026nbsp;financial crisis and recession, Yellen was made the\u0026nbsp;Vice Chair of the Federal Reserve by then-President Barack Obama. He later nominated Yellen as the successor to Fed Chair Benjamin Bernanke. Yellen was Chair of the \u003ca href=\\\\\\\"https://opoyi.com/world/who-is-jerome-powell-302598/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e from 2014 until 2018.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/us-treasury-secretary-explains-economic-impacts-of-overturning-roe-v-wade-593510/\\\\\\\"\u003eUS Treasury Secretary explains economic impacts of overturning Roe v. Wade\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Joe Biden announced in December 2020 that he will be nominating Yellen to take up the role of Treasury Secretary in his administration. \\\\\\\"She understands what it means to people and their communities when they have good, decent jobs\\\\\\\", Biden said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Throughout her career, Yellen has been presented with multiple honorary doctorates from various institutions. These include Bard College, Brown University, New York University, London School of Economics, University of Michigan, Univesity of Warwick, University of Baltimore and Yale University.\\\"}}]}","relatedPosts":null,"location":{"name":"Washington D.C., DC, USA"},"createdBy":{"name":"Aman Butani","photo":"","username":"amanbutani1975","id":"wo3kJpOpSZW2","role":null},"topics":[{"name":"JanetYellen","slug":"janetyellen","id":"yJu0YUmD2Tnk","isSection":0},{"name":"TreasuryDepartment","slug":"treasurydepartment","id":"DUCrgr9MAl68","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"WhiteHouse","slug":"whitehouse","id":"D8eqiqcxFZ1c","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"International","slug":"international","id":"NYS6J2BBfSdS","isSection":0},{"name":"JoeBiden","slug":"joebiden","id":"tLOXw4T5mTfp","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Aman Butani","id":"wo3kJpOpSZW2","username":"amanbutani1975","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-26T15:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Janet Yellen, who currently serves as Treasury Secretary of the United States, has been a part of the academia and public service sectors for over five decades. She is also the only person who has headed the three most crucial economic bodies of America: the Federal Reserve, the Treasury Department and the White House Council of Economic Advisors. Janet Yellen, 75, was born in Brooklyn's Bay Ridge in 1946. According to her official website, Yellen's father was a family physician and her mother was an elementary school teacher. Also Read: Donald Trump to first make Washington DC comeback after leaving White House,Yellen was first associated with the Federal Reserve Board in 1976, before which she worked as an assistant professor at Harvard University. She completed her education at two Ivy League institutions: Brown University and Yale University. Former US President Bill Clinton, a Democrat, roped in Janet Yellen. She was appointed to the Federal Reserve Board of Governors. She was later escalated to the position of Chairperson of the White House Council of Economic Advisers. In the aftermath of the 2008 financial crisis and recession, Yellen was made the Vice Chair of the Federal Reserve by then-President Barack Obama. He later nominated Yellen as the successor to Fed Chair Benjamin Bernanke. Yellen was Chair of the Federal Reserve from 2014 until 2018. Also Read: US Treasury Secretary explains economic impacts of overturning Roe v. Wade,Joe Biden announced in December 2020 that he will be nominating Yellen to take up the role of Treasury Secretary in his administration. She understands what it means to people and their communities when they have good, decent jobs, Biden said. Throughout her career, Yellen has been presented with multiple honorary doctorates from various institutions. These include Bard College, Brown University, New York University, London School of Economics, University of Michigan, Univesity of Warwick, University of Baltimore and Yale University.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"38.9072","longitude":"-77.0369","name":"Washington D.C., DC, USA","city":"Washington"},"keywords":"Who is Janet Yellen, Janet Yellen treasury secretary, janet yellen profile, Janet Yellen federal reserve, janet yellen white house","originalPublishedOn":"2022-07-26T15:00:00+05:30"}},{"node":{"id":"pkwcf699FyWd","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-monday-11-1","slugV2":"business/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-monday-11-709538/","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turns red in early trade on Monday","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-25T22:01:16+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eNasdaq Composite was 72.60 points or 0.61% down at 11,761.52\u003c/li\u003e\n \u003cli\u003eEconomists expect the Fed to announce its second 0.75% point hike\u003c/li\u003e\n \u003cli\u003eCrude oil prices have fallen nearly 10% this month alone\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658766675837,\\\"strCount\\\":3293,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In early trading on Monday, stocks were mixed as investors\\\\nbraced for a two-day meeting of the \u003ca href=\\\\\\\"https://opoyi.com/federalreserve/\\\\\\\"\u003eFederal Reserve\u003c/a\u003e this week where it’s\\\\nexpected the central bank will hike interest rates sharply to contain\\\\n\u003ca href=\\\\\\\"https://opoyi.com/inflation/\\\\\\\"\u003einflation\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 index was 6.19 points or 0.16% down at\\\\n3,955.44, while the Dow Jones Industrial Average was 9.29 points up or 0.02% up\\\\nat 31,908.58. The technology-heavy\u0026nbsp;Nasdaq Composite was 72.60 points or 0.61% down at 11,761.52.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-global-economy-is-not-in-recession-yet-709207/\\\\\\\"\u003eWhy global economy is not in recession yet\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On Wednesday, most economists expect the Fed to announce\\\\nits second 0.75% point hike in its short-term rate in a row, a sharp hike that\\\\nit hasn’t otherwise implemented since 1994. The hike will put the Fed’s\\\\nbenchmark rate at a rate of 2.25% to 2.5%, the highest since 2018.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/billionaires-busting-marriages-gates-bezos-musk-and-brin-709151/\\\\\\\"\u003eBillionaires busting marriages: Gates, Bezos, Musk and Brin\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e economy is slowing, but strong hiring shows it is\\\\nnot yet in recession, Treasury Secretary Janet Yellen said on NBC’s \\\\\\\"Meet\\\\nthe Press\\\\\\\" on Sunday. She spoke ahead of the release this week of a series\\\\nof economic reports that will put light on an economy currently caught by\\\\nsoaring inflation as interest rates rise.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/us-vs-huawei-why-the-chinese-telecom-giant-has-been-asked-to-leave-709086/\\\\\\\"\u003eUS vs Huawei: Why the Chinese telecom giant has been asked to leave\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to some early signs, inflation may be cooling\\\\ndown from red-hot levels. Auto club AAA said on its website as of Monday that\\\\nthe average price of a gallon of regular gas is $4.36 per gallon. That’s 16\\\\ncents cheap from a week ago, and down 55 cents than late June. The average\\\\nprice stood at $4.91 per gallon. Crude oil prices have fallen nearly 10% this\\\\nmonth alone.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/elon-musk-relationships-all-wives-girlfriends-and-alleged-affairs-708996/\\\\\\\"\u003eElon Musk relationships: All wives, girlfriends, and alleged affairs\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Apart from the Fed meeting, the Commerce Department on\\\\nSunday will release its first estimate of the economy’s output in the\\\\nApril-June quarter. Some economists forecast it may show a contraction for the\\\\nsecond quarter in a row. The economy contracted 1.6% in the January-March\\\\nquarter. Two straight negative reports are informally considered a recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/us-car-show-shooting-in-2022-list-of-incidents-like-peck-park-san-pedro-708993/\\\\\\\"\u003eUS car show shooting in 2022: List of incidents like Peck Park San Pedro\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Technology heavyweights like \u003ca href=\\\\\\\"https://opoyi.com/topics/apple/\\\\\\\"\u003eApple\u003c/a\u003e, Meta, \u003ca href=\\\\\\\"https://opoyi.com/topics/microsoft/\\\\\\\"\u003eMicrosoft\u003c/a\u003e, and\\\\n\u003ca href=\\\\\\\"https://opoyi.com/topics/amazon/\\\\\\\"\u003eAmazon\u003c/a\u003e will release their results later this week. Other big companies\\\\nreleasing this week include Coca-Cola and McDonald's, where investors may look\\\\nto see the impact of inflation on these inflation-conscious, consumer-facing\\\\ncompanies.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"JanetYellen","slug":"janetyellen","id":"yJu0YUmD2Tnk","isSection":0},{"name":"NBC","slug":"nbc","id":"VYg5z4DckiSC","isSection":0},{"name":"Apple","slug":"apple","id":"EDjrcdPuhPoT","isSection":0},{"name":"Microsoft","slug":"microsoft","id":"3JaT3LQGqUH6","isSection":0},{"name":"Amazon","slug":"amazon","id":"U23eu7EXkD8d","isSection":0},{"name":"CocaCola","slug":"cocacola","id":"qISqFzb9fey4","isSection":0},{"name":"McDonalds","slug":"mcdonalds","id":"Kgbr4yxqtIGr","isSection":0},{"name":"Technology","slug":"technology","id":"v6bHEgqIl262","isSection":1},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-25T22:01:14+05:30","publisher":0,"sourceFeed":null,"cleanText":"In early trading on Monday, stocks were mixed as investors braced for a two-day meeting of the Federal Reserve this week where it’s expected the central bank will hike interest rates sharply to contain inflation. The S\u0026P 500 index was 6.19 points or 0.16% down at 3,955.44, while the Dow Jones Industrial Average was 9.29 points up or 0.02% up at 31,908.58. The technology-heavy Nasdaq Composite was 72.60 points or 0.61% down at 11,761.52. Also Read | Why global economy is not in recession yet,On Wednesday, most economists expect the Fed to announce its second 0.75% point hike in its short-term rate in a row, a sharp hike that it hasn’t otherwise implemented since 1994. The hike will put the Fed’s benchmark rate at a rate of 2.25% to 2.5%, the highest since 2018. Also Read | Billionaires busting marriages: Gates, Bezos, Musk and Brin,The US economy is slowing, but strong hiring shows it is not yet in recession, Treasury Secretary Janet Yellen said on NBC’s Meet the Press on Sunday. She spoke ahead of the release this week of a series of economic reports that will put light on an economy currently caught by soaring inflation as interest rates rise. Also Read | US vs Huawei: Why the Chinese telecom giant has been asked to leave,According to some early signs, inflation may be cooling down from red-hot levels. Auto club AAA said on its website as of Monday that the average price of a gallon of regular gas is $4.36 per gallon. That’s 16 cents cheap from a week ago, and down 55 cents than late June. The average price stood at $4.91 per gallon. Crude oil prices have fallen nearly 10% this month alone. ,Also Read | Elon Musk relationships: All wives, girlfriends, and alleged affairs,Apart from the Fed meeting, the Commerce Department on Sunday will release its first estimate of the economy’s output in the April-June quarter. Some economists forecast it may show a contraction for the second quarter in a row. The economy contracted 1.6% in the January-March quarter. Two straight negative reports are informally considered a recession. Also Read | US car show shooting in 2022: List of incidents like Peck Park San Pedro,Technology heavyweights like Apple, Meta, Microsoft, and Amazon will release their results later this week. Other big companies releasing this week include Coca-Cola and McDonald's, where investors may look to see the impact of inflation on these inflation-conscious, consumer-facing companies.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,the Federal Reserve,US,Treasury,Janet Yellen,NBC,Meet the Press,AAA,the Commerce Department,Apple,Microsoft,Amazon,Coca-Cola,McDonald's,Stock market, early trade, US early trade, stock market share market, Nasdaq, Dow Jones, SP 500","originalPublishedOn":"2022-07-25T22:01:14+05:30"}},{"node":{"id":"gvVVrcxKs6RW","slug":"english/crypto-news-daily-bitcoin-data-and-price-analysis-for-july-25-2022","slugV2":"business/crypto-news-daily-bitcoin-data-and-price-analysis-for-july-25-2022-709283/","title":"Crypto news daily: Bitcoin data and price analysis for July 25, 2022","postType":1,"coverMedia":"/opoyi__4r2TOHef.jpg","coverCaption":"Bitcoin has tumbled nearly 70% from its November 10 all-time high of $69,000 (Photo credits: Representational/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-25T16:16:36+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eBitcoin is currently trading at $21,990.68, down by 2.81%\u003c/li\u003e\n \u003cli\u003eThe Bitcoin fear and greed index on July 25, went to the fear level of 30\u003c/li\u003e\n \u003cli\u003eZipmex said it was considering possible offer talks with interested parties\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658745993522,\\\"strCount\\\":3295,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/who-is-the-founder-of-bitcoin-and-why-is-his-identity-shrouded-in-mystery-569242/\\\\\\\"\u003eBitcoin\u003c/a\u003e prices fell nearly 3% and traded below the $22,000\\\\nlevel on Monday, amid worries over inflations and economic slowdown resurfaced,\\\\ndimming the appetite for riskier assets. The crypto Fear \u0026amp; Greed index has\\\\nimproved for the past few days but the fear is not yet over. Investors are\\\\nfocused on the US \u003ca href=\\\\\\\"https://opoyi.com/topics/federalreserve/\\\\\\\"\u003eFederal Reserve’s\u003c/a\u003e monetary policy meeting this week.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/india-on-track-to-release-cbdc-says-rbi-official-709199/\\\\\\\"\u003eIndia on track to release CBDC says RBI official\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The world’s largest cryptocurrency has struggled to come\\\\nout of a $19,000 to $22,000 range as investors lick their wounds from a rout\\\\nsparked by tightening monetary policy and exacerbated by the toppling of crypto\\\\nlenders and the TerraUSD stablecoin. The digital token is down over 56% so far\\\\nthis year, and trading over 70% below its record high of $69,000 it had hit in\\\\nNovember 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/limited-privacy-while-using-digital-yuan-says-pboc-709178/\\\\\\\"\u003e'Limited privacy' while using digital Yuan, says PBOC\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The global cryptocurrency market cap was at $1.011\\\\ntrillion, down 2.89% in the last 24 hours. However, the total cryptocurrency 24\\\\nhours trading volume is $67.38 billion.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Bitcoin fear and greed index on Monday, July 25, 2022,\\\\nwent from the fear level of 31 to the level of 30 as per the alternative. me.\\\\nThe Fear and Greed index is a technique for assessing investors' emotions\\\\ntoward the market.\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/top-5-cryptocurrencies-of-the-day-btc-down-by-3-percent-gst-trends-at-no-709184/\\\\\\\"\u003eTop 5 cryptocurrencies of the day: BTC down by 3%, GST trends at no. 1\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bitcoin is currently trading at $21,990.68, down by 2.81%.\\\\nIn the last 24 hours, the highest it touched was $22,974.00 and the lowest was\\\\n$21,804.35. Bitcoin has a current market cap of $420,110,241,633. It has a\\\\ncirculating supply of 19,102,731.00. BTC coins have a maximum supply of\\\\n21,000,000 coins.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-global-economy-is-not-in-recession-yet-709207/\\\\\\\"\u003eWhy global economy is not in recession yet\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eTroubled crypto exchange Zipmex says it’s mulling possible\\\\noffer\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Cryptocurrency exchange Zipmex said it was considering\\\\npossible offer talks with interested parties and due diligence should commence.\\\\nZipmex primarily operates in markets like \u003ca href=\\\\\\\"https://opoyi.com/topics/thailand/\\\\\\\"\u003eThailand\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/topics/singapore/\\\\\\\"\u003eSingapore\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/asian/\\\\\\\"\u003eAsian\u003c/a\u003e platform was among several in the digital-assets\\\\nmarket witnessing financial difficulties in recent weeks. On July 21, it\\\\nsuspended withdrawals as the fallout from a series of defaults spread further\\\\nthroughout the industry.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/zomato-share-crashes-14-to-hit-a-new-all-time-low-as-lock-in-period-ends-709090/\\\\\\\"\u003eZomato share crashes 14% to hit a new all-time low as lock-in period ends\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Zipmex said it would\\\\nresume allowing withdrawals but only from Trade wallet and not from any other\\\\nwallet “until further notice”.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Cryptocurrency","slug":"cryptocurrency","id":"L7OoyefNLuEh","isSection":0},{"name":"Bitcoin","slug":"bitcoin","id":"b6gsXRHnIQWf","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Thailand","slug":"thailand","id":"5yIqpMCqnSui","isSection":0},{"name":"Singapore","slug":"singapore","id":"emlZP34XfoBE","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-25T16:16:34+05:30","publisher":0,"sourceFeed":null,"cleanText":"Bitcoin prices fell nearly 3% and traded below the $22,000 level on Monday, amid worries over inflations and economic slowdown resurfaced, dimming the appetite for riskier assets. The crypto Fear \u0026 Greed index has improved for the past few days but the fear is not yet over. Investors are focused on the US Federal Reserve’s monetary policy meeting this week. Also Read | India on track to release CBDC says RBI official,The world’s largest cryptocurrency has struggled to come out of a $19,000 to $22,000 range as investors lick their wounds from a rout sparked by tightening monetary policy and exacerbated by the toppling of crypto lenders and the TerraUSD stablecoin. The digital token is down over 56% so far this year, and trading over 70% below its record high of $69,000 it had hit in November 2021. Also Read | 'Limited privacy' while using digital Yuan, says PBOC,The global cryptocurrency market cap was at $1.011 trillion, down 2.89% in the last 24 hours. However, the total cryptocurrency 24 hours trading volume is $67.38 billion. The Bitcoin fear and greed index on Monday, July 25, 2022, went from the fear level of 31 to the level of 30 as per the alternative. me. The Fear and Greed index is a technique for assessing investors' emotions toward the market. ,Also Read | Top 5 cryptocurrencies of the day: BTC down by 3%, GST trends at no. 1,Bitcoin is currently trading at $21,990.68, down by 2.81%. In the last 24 hours, the highest it touched was $22,974.00 and the lowest was $21,804.35. Bitcoin has a current market cap of $420,110,241,633. It has a circulating supply of 19,102,731.00. BTC coins have a maximum supply of 21,000,000 coins. Also Read | Why global economy is not in recession yet,Troubled crypto exchange Zipmex says it’s mulling possible offer,Cryptocurrency exchange Zipmex said it was considering possible offer talks with interested parties and due diligence should commence. Zipmex primarily operates in markets like Thailand and Singapore. The Asian platform was among several in the digital-assets market witnessing financial difficulties in recent weeks. On July 21, it suspended withdrawals as the fallout from a series of defaults spread further throughout the industry. Also Read | Zomato share crashes 14% to hit a new all-time low as lock-in period ends,Zipmex said it would resume allowing withdrawals but only from Trade wallet and not from any other wallet “until further notice”.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Bitcoin,Zipmex,Greed,the US,Federal Reserve,Thailand,Singapore,Asian,Fear and Greed, Bitcoin Fear and greed,Crypto news,Crypto news day, Crypto price analysis, Crypto data analysis","originalPublishedOn":"2022-07-25T16:16:34+05:30"}},{"node":{"id":"lf0ZmkML2RzE","slug":"english/gold-silver-and-other-metal-prices-on-monday-july-25-2022","slugV2":"business/gold-silver-and-other-metal-prices-on-monday-july-25-2022-709128/","title":"Gold, silver and other metal prices on Monday, July 25, 2022","postType":1,"coverMedia":"/opoyi_ccQ8Nassf.jpg","coverCaption":"Ten grams of 22-carat gold are being purchased and sold at Rs 46,900 in Mumbai, New Delhi, and Kolkata (Photo Credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-25T12:41:36+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eGold futures were trading at Rs 50,560.00 per 10 gm, down 84 points or 0.17%\u003c/li\u003e\n \u003cli\u003eSilver futures were trading at Rs 55,500.00 per kg, down 321 points or 0.58%\u003c/li\u003e\n \u003cli\u003ePlatinum was trading at $876.00 while palladium was trading at $2,043.50\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658733093685,\\\"strCount\\\":4135,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Gold prices remained unchanged on Monday. Lower treasury yields and a pullback in the \u003ca href=\\\\\\\"https://opoyi.com/business/us-dollar-resumes-rally-as-inflation-fuels-fed-bets-amid-recession-worries-700859/\\\\\\\"\u003eUS dollar\u003c/a\u003e supported the sentiments for bullion. This week, the traders would be keeping their eye on US \u003ca href=\\\\\\\"https://opoyi.com/usa/federal-reserve-hikes-rate-75bps-highest-since-1994-679791/\\\\\\\"\u003eFederal Reserve’s\u003c/a\u003e two-day policy meeting which ends on Wednesday. Market observers are anticipating a 75-basis-point interest rate hike. The dollar gained 0.2% against its rivals, making greenback-priced bullion more expensive for buyers holding other currencies.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/zomato-share-crashes-14-to-hit-a-new-all-time-low-as-lock-in-period-ends-709090/\\\\\\\"\u003eZomato share crashes 14% to hit a new all-time low as lock-in period ends\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Gold prices on the Multi Commodity Exchange (MCX) changed marginally on Monday, July 25, 2022. Gold futures were trading at Rs 50,560.00 per 10 gm, down 84 points or 0.17%, in the Indian market. Silver futures were trading at Rs 55,500.00 per kg, down 321 points or 0.58%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/ril-share-falls-nearly-4-as-q1-earnings-miss-estimates-709076/\\\\\\\"\u003eRIL share falls nearly 4% as Q1 earnings miss estimates\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In global markets, gold was priced at $1,725.60 per oz while Silver is priced at $18.63. Platinum was trading at $876.00 while palladium was trading at $2,043.50.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the spot market, the 22-carat gold was sold at Rs 49,600 per 10 grams while silver was priced at Rs 55,009 per kg on Friday according to the Indian Bullion and Jewellers Association. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/sensex-slips-255-points-nifty-dips-by-70-points-in-early-trade-709068/\\\\\\\"\u003eSensex slips 255 points, Nifty dips by 70 points in early trade\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Copper futures were trading at Rs 631.00 down 0.14% while Natural Gas and Aluminium futures were trading at Rs 669.40 and Rs 211.25 per Kg respectively on MCX.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ten grams of 22-carat gold are being purchased and sold at Rs 46,900 in \u003ca href=\\\\\\\"https://opoyi.com/topics/mumbai/\\\\\\\"\u003eMumbai\u003c/a\u003e, New Delhi, and \u003ca href=\\\\\\\"https://opoyi.com/topics/kolkata/\\\\\\\"\u003eKolkata\u003c/a\u003e, according to the Good Returns website. In \u003ca href=\\\\\\\"https://opoyi.com/topics/chennai/\\\\\\\"\u003eChennai\u003c/a\u003e, the same amount of valuable yellow metal can be purchased for Rs 46,960.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/week-in-review-sensex-nifty-rise-on-positive-global-cues-708853/\\\\\\\"\u003eWeek in review: Sensex, Nifty rise on positive global cues\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 24-carat gold prices, ten grams of this in-demand metal costs Rs 51,160 in Kolkata, New Delhi, and Mumbai. The same quantity is being marketed in Chennai for Rs 51,230.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ten grams of 22-carat gold is worth Rs 46,930 and Rs 47,050 in Vadodara and \u003ca href=\\\\\\\"https://opoyi.com/topics/jaipur/\\\\\\\"\u003eJaipur\u003c/a\u003e, respectively. The same quantity of 24-carat purity costs Rs 51,190 in Vadodara and Rs 51,330 in Jaipur.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/week-ahead-us-fed-meeting-quarterly-results-to-weigh-on-sensex-nifty-708875/\\\\\\\"\u003eWeek ahead: US Fed meeting, quarterly results to weigh on Sensex, Nifty\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ten grams of 22-carat gold costs Rs 46,900 in Vijayawada, \u003ca href=\\\\\\\"https://opoyi.com/topics/kerala/\\\\\\\"\u003eKerala\u003c/a\u003e, and \u003ca href=\\\\\\\"https://opoyi.com/topics/hyderabad/\\\\\\\"\u003eHyderabad\u003c/a\u003e. The same amount is worth Rs 46,950 in Mysore, and Mangalore. Ten grams of 24-carat gold cost Rs 51,160 in Kerala, Hyderabad, and Vijayawada.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The same quantity of 24-carat gold may be purchased for Rs 51,210 in Mysore and Mangalore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ten grams of 22-carat gold costs Rs 46,940 and Rs 46,930 in Surat and Patna, respectively. The same amount of 24-carat purity costs Rs 51,200 in Surat and Rs 51,190 in Patna.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/trending-stocks-reliance-infosys-icici-bank-and-others-in-news-today-708935/\\\\\\\"\u003eTrending Stocks: Reliance, Infosys, ICICI Bank and others in news today\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ten grams of 22-carat gold costs Rs 46,960 and Rs 47,050 in Coimbatore and Chandigarh, respectively. The same amount of 24-carat purity may be purchased and sold for Rs 51,330 in Chandigarh and Rs 51,230 in Coimbatore.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Goldprice","slug":"goldprice","id":"OctVx3EzZ2dS","isSection":0},{"name":"SilverPrice","slug":"silverprice","id":"gILwbOERvauI","isSection":0},{"name":"NewDelhi","slug":"newdelhi","id":"ZbQipZWThohh","isSection":0},{"name":"Mumbai","slug":"mumbai","id":"1AypZlXpkqv3","isSection":0},{"name":"Kolkata","slug":"kolkata","id":"7ZYgoGLGBQnQ","isSection":0},{"name":"Chennai","slug":"chennai","id":"xIzQR2Q7rs9e","isSection":0},{"name":"Silver","slug":"silver","id":"lOlSKe73kvYN","isSection":0},{"name":"gold","slug":"gold","id":"wsF5Ohik63VD","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Hyderabad","slug":"hyderabad","id":"lYq26cmS2qLQ","isSection":0},{"name":"Surat","slug":"surat","id":"v526co8BFkf5","isSection":0},{"name":"Patna","slug":"patna","id":"tcDx3VZTW0C6","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-25T12:41:34+05:30","publisher":0,"sourceFeed":null,"cleanText":"Gold prices remained unchanged on Monday. Lower treasury yields and a pullback in the US dollar supported the sentiments for bullion. This week, the traders would be keeping their eye on US Federal Reserve’s two-day policy meeting which ends on Wednesday. Market observers are anticipating a 75-basis-point interest rate hike. The dollar gained 0.2% against its rivals, making greenback-priced bullion more expensive for buyers holding other currencies. Also Read | Zomato share crashes 14% to hit a new all-time low as lock-in period ends,Gold prices on the Multi Commodity Exchange (MCX) changed marginally on Monday, July 25, 2022. Gold futures were trading at Rs 50,560.00 per 10 gm, down 84 points or 0.17%, in the Indian market. Silver futures were trading at Rs 55,500.00 per kg, down 321 points or 0.58%. Also Read | RIL share falls nearly 4% as Q1 earnings miss estimates,In global markets, gold was priced at $1,725.60 per oz while Silver is priced at $18.63. Platinum was trading at $876.00 while palladium was trading at $2,043.50. In the spot market, the 22-carat gold was sold at Rs 49,600 per 10 grams while silver was priced at Rs 55,009 per kg on Friday according to the Indian Bullion and Jewellers Association. ,Also Read| Sensex slips 255 points, Nifty dips by 70 points in early trade,Copper futures were trading at Rs 631.00 down 0.14% while Natural Gas and Aluminium futures were trading at Rs 669.40 and Rs 211.25 per Kg respectively on MCX. Ten grams of 22-carat gold are being purchased and sold at Rs 46,900 in Mumbai, New Delhi, and Kolkata, according to the Good Returns website. In Chennai, the same amount of valuable yellow metal can be purchased for Rs 46,960. Also Read| Week in review: Sensex, Nifty rise on positive global cues,The 24-carat gold prices, ten grams of this in-demand metal costs Rs 51,160 in Kolkata, New Delhi, and Mumbai. The same quantity is being marketed in Chennai for Rs 51,230. Ten grams of 22-carat gold is worth Rs 46,930 and Rs 47,050 in Vadodara and Jaipur, respectively. The same quantity of 24-carat purity costs Rs 51,190 in Vadodara and Rs 51,330 in Jaipur. Also Read| Week ahead: US Fed meeting, quarterly results to weigh on Sensex, Nifty,Ten grams of 22-carat gold costs Rs 46,900 in Vijayawada, Kerala, and Hyderabad. The same amount is worth Rs 46,950 in Mysore, and Mangalore. Ten grams of 24-carat gold cost Rs 51,160 in Kerala, Hyderabad, and Vijayawada. The same quantity of 24-carat gold may be purchased for Rs 51,210 in Mysore and Mangalore. Ten grams of 22-carat gold costs Rs 46,940 and Rs 46,930 in Surat and Patna, respectively. The same amount of 24-carat purity costs Rs 51,200 in Surat and Rs 51,190 in Patna. Also Read| Trending Stocks: Reliance, Infosys, ICICI Bank and others in news today,Ten grams of 22-carat gold costs Rs 46,960 and Rs 47,050 in Coimbatore and Chandigarh, respectively. The same amount of 24-carat purity may be purchased and sold for Rs 51,330 in Chandigarh and Rs 51,230 in Coimbatore.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Mumbai,New Delhi,Kolkata,Chennai,Vadodara,Jaipur,Vijayawada,Kerala,Hyderabad,Mysore,Surat,Patna,US,US Federal Reserve,the Multi Commodity Exchange,Gold price, silver price, gold price today, silver price today, copper price, aluminium price,24 carot gold ","originalPublishedOn":"2022-07-25T12:41:34+05:30"}}]},"widgets":[]},"topicList":[{"id":"Lgr3hTOPJ0yv","slug":"unitedstates","name":"UnitedStates","isSection":0},{"id":"1hd39Bl2AdAV","slug":"business","name":"Business","isSection":1},{"id":"cJVqnLe20t8S","slug":"inflation","name":"Inflation","isSection":0},{"id":"vHCI0WQLTd1o","slug":"stockmarket","name":"StockMarket","isSection":0},{"id":"0JelBm6rMusZ","slug":"us","name":"US","isSection":0},{"id":"5VhOB45vqxj9","slug":"economy","name":"Economy","isSection":0},{"id":"iEhRQcab92b8","slug":"world","name":"World","isSection":1},{"id":"kXDItAdh3a8f","slug":"nasdaq","name":"NASDAQ","isSection":0},{"id":"PkCsd9oT2rCN","slug":"sharemarket","name":"ShareMarket","isSection":0},{"id":"guQdwfqs9ehK","slug":"wallstreet","name":"WallStreet","isSection":0},{"id":"U0KtH9IWXA6R","slug":"jeromepowell","name":"JeromePowell","isSection":0},{"id":"SPBaPrR23eZS","slug":"usa","name":"USA","isSection":2},{"id":"dbfOXAt8vC1G","slug":"dowjones","name":"DowJones","isSection":0},{"id":"gsxZYQ7fvno9","slug":"earlytrade","name":"EarlyTrade","isSection":0},{"id":"ZdjTIzNom80K","slug":"russia","name":"Russia","isSection":0},{"id":"Dq03BAdFix29","slug":"ukraine","name":"Ukraine","isSection":0},{"id":"Ts0x87jkzldW","slug":"sp","name":"S\u0026P","isSection":0},{"id":"QzdhnKXHT05r","slug":"asia","name":"Asia","isSection":0},{"id":"gtTvlJMpH5eQ","slug":"china","name":"China","isSection":0},{"id":"v2KXw3fOql0S","slug":"europe","name":"Europe","isSection":0},{"id":"kTF38sWsaB2Q","slug":"recession","name":"Recession","isSection":0},{"id":"Bq4MmUPrXF8p","slug":"india","name":"India","isSection":1},{"id":"CDdTHmgoFn2O","slug":"crudeoil","name":"CrudeOil","isSection":0},{"id":"mzgUA7dig5kk","slug":"monetarypolicy","name":"MonetaryPolicy","isSection":0},{"id":"tLOXw4T5mTfp","slug":"joebiden","name":"JoeBiden","isSection":0},{"id":"tek0lVji3xxB","slug":"interestrates","name":"InterestRates","isSection":0},{"id":"vdfCkTLQAVNK","slug":"finance","name":"Finance","isSection":0},{"id":"b6gsXRHnIQWf","slug":"bitcoin","name":"Bitcoin","isSection":0},{"id":"OctVx3EzZ2dS","slug":"goldprice","name":"Goldprice","isSection":0},{"id":"MhfKMlGWFTBF","slug":"sensex","name":"Sensex","isSection":0},{"id":"2JvkXElbbqnQ","slug":"nifty","name":"Nifty","isSection":0},{"id":"xuPbZjQlomEt","slug":"useconomy","name":"USEconomy","isSection":0},{"id":"Soso1fQYTvnn","slug":"usstocks","name":"USStocks","isSection":0},{"id":"gILwbOERvauI","slug":"silverprice","name":"SilverPrice","isSection":0},{"id":"L7OoyefNLuEh","slug":"cryptocurrency","name":"Cryptocurrency","isSection":0},{"id":"2seBd7Lyb8z6","slug":"bse","name":"BSE","isSection":0},{"id":"lOlSKe73kvYN","slug":"silver","name":"Silver","isSection":0},{"id":"v6bHEgqIl262","slug":"technology","name":"Technology","isSection":1},{"id":"wsF5Ohik63VD","slug":"gold","name":"gold","isSection":0},{"id":"YTJpdaKq5t2z","slug":"indian","name":"indian","isSection":0},{"id":"3JaT3LQGqUH6","slug":"microsoft","name":"Microsoft","isSection":0},{"id":"anJhzDRc6xxB","slug":"japan","name":"Japan","isSection":0},{"id":"EDjrcdPuhPoT","slug":"apple","name":"Apple","isSection":0},{"id":"sdLvX0aD0qHh","slug":"gdp","name":"GDP","isSection":0},{"id":"74WQDLQfPQDQ","slug":"nse","name":"NSE","isSection":0},{"id":"Rt7OWl3ugE5l","slug":"closingbell","name":"ClosingBell","isSection":0},{"id":"NYS6J2BBfSdS","slug":"international","name":"International","isSection":0},{"id":"mmhRjdCmZCj0","slug":"rbi","name":"RBI","isSection":0},{"id":"NZFYoh1gkc1s","slug":"american","name":"American","isSection":0},{"id":"nmNTdCK1480o","slug":"asian","name":"Asian","isSection":0}],"slug":"federalreserve","lang":"en","sectionArray":[1,2],"messages":{"Disclaimer":{"DISCLAIMER":"Disclaimer","OPINION_DISCLAIMER":"The views expressed in this article are the personal opinions of the author. Opoyi does not assume any responsibility for the same.","OPOYI_DISCLAIMER":"Except for the headline, this story has not been edited by the Opoyi team and is published from a syndicated feed.","AGENCY_DISCLAIMER":"This story is auto-published from a syndicated feed with no intervention by Opoyi team."},"Navigation":{"Home":"Home","Trending":"Trending","Following":"Following","History":"History","Notification":"Notifications","Headlines":"Latest"},"Navigation_HEADING":{"Home":"Home","Trending":"Trending News","Following":"Following","History":"History","Notification":"Notifications","Headlines":"Latest News"},"TopicHeading":{"Home":"Topics from your home feed","Latest":"Topics from Latest feed","Trending":"Topics Trending in {location}","History":"Topics from your history","Topic":"Topic related to {topic}"},"SideNav":{"What_is_Opoyi":"What is Opoyi?","Privacy_Policy":"Privacy Policy","Contact_Us":"Contact Us","Terms_Use":"Terms of Use","Sitemap":"Sitemap","LOGOUT":"Log Out","DARK_MODE":"Dark Mode","TEXT_SIZE":"Text Size","PUSH_NOTIFICATION":"Push Notifications","NEWSLETTER":"Newsletters","LOGIN_SIGNUP":"Login / Signup","REQ_VERIFY":"Get Verified Badge","VIEW_PROFILE":"View Profile","Following":"Following"},"MessageList":{"LANG_CHANGED_ALERT":"Your language has been changed to English"},"Comment":{"ADD_COMMENT_WIDGET":"Add a comment...","NO_COMMENTS_DATA":"There are no comments on this post","COMMENT_TITLE":"Comment","SHARE_TITLE":"Share","LIKE_TITLE":"Like","POST":"Post","NUMBER_OF_COMMENT":"{ownCommentCount} of {totalCommentCount} comment","EDIT_THIS_COMMENT":"Edit this comment","DELETE_THIS_COMMENT":"Delete this comment","COMMENT_IS_DELETED":"Comment deleted","REPORT_THIS_COMMENT":"Report this comment","POST_DELETED":"Post Deleted","PLEASE_WRITE_SOMETHING_IN_COMMENT":"Please write something in comment","COMMENTS":"View Comments","ALL_COMMENTS":"View all {count} comments","VIEW_MORE_COMMENTS":"View more comments","COMMENT_SUCCESS":"You Commented successfully"},"Like":{"YOU":"You","AND":"and","OTHERS":"others","OTHER":"other","YOU_LIKED_THIS":"liked this","OTHERS_LIKED_THIS":"liked this"},"Share":{"SHARE":"Share","SHAREHEADING":"Share a post","DISCARD":"Discard","LOCATION":"Location","CANCEL":"Cancel","DISCARDTEXT":"Discard this post?","WRITE_STORY":"Write Your story here...","COPY_LINK":"Copy Link","SHARE_TO_OPOYI_FEED":"Share to Opoyi Feed","SHARE_TO_FACEBOOK":"Share to Facebook","SHARE_TO_WHATSAPP":"Share to WhatsApp","SHARE_TO_TWITTER":"Share to Twitter","MORE_OPTIONS":"More Options","SELECT_LOCATION":"Select a Location","SEARCH_LOCATION":"Search a location...","WHATSAPP_TOAST_MSG":"Sharing to Whatsapp","FACEBOOK_TOAST_MSG":"Sharing to Facebook","TWITTER_TOAST_MSG":"Sharing to Twitter","COPY_LINK_TOAST_MSG":"Link copied successfully!","OPOYI_FEED_TOAST_MSG":"Sharing to Opoyi Feed","MORE_OPTION_MSG":"Sharing outside Opoyi","ERR_TOAST_MSG":"Somthing is Wrong, Unable to post","ERR_TOAST_AUTHOR_SHARE":"Portal does not allow the author to share a post to Opoyi feed"},"MoreComponent":{"FOLLOW":"Follow","CANCEL":"Cancel","REPORT":"Report","DISCARD":"Delete","UNFOLLOW":"Unfollow","EDIT_POST":"Edit Post","DELETE_POST":"Delete Post","UNFOLLOWING":"You unfollowed {name}","POST_REPORTED":"Post reported","ADD_TO_HISTORY":"Add to history","DISCARDTEXT":"Are you sure you want to Delete this post?","FOLLOWING":"You are now following {name}","SHARE_THIS_POST":"Share this Post","REPORT_THIS_POST":"Report this Post","POST_DELETED":"Your post is deleted","COPY_LINK":"Link copied to clipboard","ORIGINAL_POST":"Link of the original post","EXPLAIN_YOUR_VIEW":"Explain your view here","POST_ADDED_HISTORY":"Post added to history","ENTER_YOUR_REASON_HERE":"Enter your reason here...","POST_REPORT_HEADING":"Please tell us what do you feel wrong with the post","Nudity or Sexual content":"Nudity or Sexual content","voilence":"voilence","Sucide or self-injury":"Sucide or self-injury","Spam":"Spam","Fake News":"Fake News","Terrorism":"Terrorism","Hate Speech or Symbol":"Hate Speech or Symbol","Plagiarism":"Plagiarism","I have another reason":"I have another reason","MORE_OPTIONS":"More Options"},"Index":{"USER":"Hi {username}, start creating a post...","TRENDING":"Trending","FOLLOWING":"Following","HISTORY":"History","SHARE":"Share","SHAREHEADING":"Share a post","DISCARD":"Discard","LOCATION":"Location","CANCEL":"Cancel","DISCARDTEXT":"Discard this post?","MAYBELATER":"Later","ENABLE":"Enable Notifications","NOTIFICATION":"Don’t miss any updates","NOTIFICATIONTEXT":"Get notified on the most important stories as they happen.","WRITE_STORY":"Write Your story here...","COPY_LINK":"Copy Link","SHARE_TO_OPOYI_FEED":"Share to Opoyi Feed","SHARE_TO_FACEBOOK":"Share to Facebook","SHARE_TO_WHATSAPP":"Share to WhatsApp","SHARE_TO_TWITTER":"Share to Twitter","MORE_OPTIONS":"More Options","SELECT_LOCATION":"Select a Location","SEARCH_LOCATION":"Search a location...","WHATSAPP_TOAST_MSG":"Sharing to Whatsapp","FACEBOOK_TOAST_MSG":"Sharing to Facebook","TWITTER_TOAST_MSG":"Sharing to Twitter","COPY_LINK_TOAST_MSG":"Link copied successfully!","OPOYI_FEED_TOAST_MSG":"Sharing to Opoyi Feed","MORE_OPTION_MSG":"Sharing outside Opoyi","ERR_TOAST_MSG":"Somthing is Wrong, Unable to post","ERR_TOAST_MSG_AUTHOR":"Portal does not allow the author to create a post","POST":"Post","TITLE":"Title","SUMMARY":"Summary","HIGHLIGHTS":"Highlights","ADD_SUMMARY":"Add summary of the story...","CREATE_POST":"Create post","EDIT_POST":"Edit post","ADD_COVER_IMAGE":"Add a Cover Image","WRITE_ABOUT_IMAGE":"Write something about this image…","IMAGE_UPLOAD_ERR":"Unable to upload the image, Please retry","PLEASE_WRITE_TITLE":"Please write title of post","PLEASE_WRITE_STORY":"Please write something in story","IMAGE":"Image","NOTIFICATION_ENABLED":"Notifications are Enabled","UNKNOWN_ERROR":"Ooops, Something is wrong"},"NoTopic":{"NO_POST_RELATED_TO_TOPIC":"No posts found"},"PAGE404":{"NOT_FOUND":"Lost in space?","NOT_FOUND_MSG":"The page that you requested could not be found."},"LOGIN":{"AUTH_HEADING":"Login or Sign up for free","MOBILE_PLACEHOLDER":"Enter your mobile number","MOBILE_BUTTON":"Continue with Phone Number","EMAIL_PLACEHOLDER":"Enter your email id","EMAIL_BUTTON":"Continue with Email","OR":"Or","WRONG_OTP":"Wrong OTP","LOGIN_SIGNUP":"Login/ Sign up","PRIVACY_POLICY":"Privacy Policy","TERMS_OF_USE":"Terms of Use","TERMS_MESSAGE":"By continuing you accept Opoyi’s \u003cprivacy\u003ePrivacy Policy\u003c/privacy\u003e \u0026 \u003ctermsofuse\u003eTerms of Use\u003c/termsofuse\u003e ","FACEBOOK":"Login with Facebook","GOOGLE":"Login with Google","CONFIRM_OTP":"Confirm OTP","VERIFY_MESSAGE_1":"We have sent an OTP to","VERIFY_MESSAGE_2":"Change","VERIFY_MESSAGE_3":"Please enter it below and confirm","EMAIL_VERIFY_MESSAGE_1":"We have sent a magic link to your email id","EMAIL_VERIFY_MESSAGE_2":"Change","EMAIL_VERIFY_MESSAGE_3":"Just click the link and we’ll log you in","RESEND_OTP":"Resend OTP","DISCARD_MESSAGE":"Or discard this and continue with","EMAIL":"Email","CONFIRM":"Confirm","OTP_RESENT":"OTP resent","OTP_RESENT_ERROR":"Unable to resend OTP","MAGIC_LINK_RESENT":"Magic link sent","MAGIC_LINK_RESENT_ERROR":"Fail to send magic link","UNKONOWN_ERROR":"Oops, Something is wrong","MOBILE_EXIST":"This number is already registered with Opoyi","EMAIL_EXIST":"This email is already registered with Opoyi","STEP":"Step","LOGIN_LINK_SENT":"Magic Link Sent","RESEND_MAGIC_LINK":"Resend Magic Link","HAVE_NOT_RECEIVED_LINK":"Haven’t received the link yet?","OR_CHECK_SPAM_FOLDER":"Or check your spam/junk folder","PHONE_NUMBER":"Phone Number","MAGIC_LINK_PAGE_REFRESH_MESSAGE":"If you have clicked the magic link in your email but didn’t get logged in, try refreshing the page","PICK_USERNAME":"Pick a username","PICK_USERNAME_MESSAGE":"Pick a unique username for yourself, you won’t be able to change it later","AVAILABLE_USERNAME":"Available Username","NEXT":"Next","USERNAME_MESSAGES_AVAILABLE":"Username available","USERNAME_MESSAGES_NOT_AVAILABLE":"Username not available","USERNAME_MESSAGES_LEAST_3_CHAR":"Username should at least 3 character long","USERNAME_MESSAGES_MOST_20_CHAR":"Username can have at most 20 character","USERNAME_MESSAGES_SPACE_NOT_ALLOWED":"Space not allowed in username","USERNAME_MESSAGES_SPECIAL_CHAR_NOT_ALLOWED":"Special characters not allowed","USERNAME_MESSAGES_ALPHA_NUMERIC":"Username must contain at least one alphabet","ADDITIONAL_INFO":"Additional Info","ADDITIONAL_INFO_MESSAGE":"Please fill additional info to personalise your feed, you can fill it later also","FULLNAME":"Full Name","DATE_OF_BIRTHDAY":"Date of Birth","GENDER":"Gender","DONE":"Finish","Email_verified_successfully":"Email verified successfully","Fail_to_verify_the_magic_link":"Fail to verify the magic link","AUTH_Generalized":"Login to see unlimited personalised content. It’s free","AUTH_LIKE":"Login to interact with content","AUTH_CREATE_POST":"Login to create a post. It’s free","AUTH_HiSTORY":"Login to use Opoyi’s history feature. It’s free","AUTH_FOLLOW":"Login to follow {username}. It’s free","AUTH_REPORT":"Login to report a post. It’s free","AUTH_NEWSLETTER":"Login to get personalised Newsletters. It’s free","AUTH_NOTIFICATION":"Login to get push notifications. It’s free","AUTH_TRENDING":"Login to see trending news in your city. It’s free","AUTH_FOLLOWER":"Login to view followers. It's free","AUTH_FOLLOWING":"Login to view followings. It's free"},"COUNTRY_CODE":{"COUNTRY_CODE":"Country Code","PLACEHOLDER":"Search country codes here...","India":"India","Afghanistan":"Afghanistan","Albania":"Albania","Algeria":"Algeria","American Samoa":"American Samoa","Andorra":"Andorra","Angola":"Angola","Anguilla":"Anguilla","Antarctica":"Antarctica","Antigua and Barbuda":"Antigua and Barbuda","Argentina":"Argentina","Armenia":"Armenia","Aruba":"Aruba","Australia":"Australia","Austria":"Austria","Bahamas":"Bahamas","Bahrain":"Bahrain","Bangladesh":"Bangladesh","Barbados":"Barbados","Belarus":"Belarus","Belgium":"Belgium","Belize":"Belize","Benin":"Benin","Bermuda":"Bermuda","Bhutan":"Bhutan","Bolivia":"Bolivia","Bosnia and Herzegovina":"Bosnia and Herzegovina","Botswana":"Botswana","Brazil":"Brazil","British Indian Ocean Territory":"British Indian Ocean Territory","British Virgin Islands":"British Virgin Islands","Brunei":"Brunei","Bulgaria":"Bulgaria","Burkina Faso":"Burkina Faso","Burundi":"Burundi","Cambodia":"Cambodia","Cameroon":"Cameroon","Canada":"Canada","Cape Verde":"Cape Verde","Cayman Islands":"Cayman Islands","Central African Republic":"Central African Republic","Chad":"Chad","Chile":"Chile","China":"China","Christmas Island":"Christmas Island","Cocos Islands":"Cocos Islands","Colombia":"Colombia","Comoros":"Comoros","Cook Islands":"Cook Islands","Costa Rica":"Costa Rica","Croatia":"Croatia","Cuba":"Cuba","Curacao":"Curacao","Cyprus":"Cyprus","Czech Republic":"Czech Republic","Democratic Republic of the Congo":"Democratic Republic of the Congo","Denmark":"Denmark","Djibouti":"Djibouti","Dominica":"Dominica","Dominican Republic":"Dominican Republic","East Timor":"East Timor","Ecuador":"Ecuador","Egypt":"Egypt","El Salvador":"El Salvador","Equatorial Guinea":"Equatorial Guinea","Eritrea":"Eritrea","Estonia":"Estonia","Ethiopia":"Ethiopia","Falkland Islands":"Falkland Islands","Faroe Islands":"Faroe Islands","Fiji":"Fiji","Finland":"Finland","France":"France","French Polynesia":"French Polynesia","Gabon":"Gabon","Gambia":"Gambia","Georgia":"Georgia","Germany":"Germany","Ghana":"Ghana","Gibraltar":"Gibraltar","Greece":"Greece","Greenland":"Greenland","Grenada":"Grenada","Guam":"Guam","Guatemala":"Guatemala","Guernsey":"Guernsey","Guinea":"Guinea","Guinea Bissau":"Guinea Bissau","Guyana":"Guyana","Haiti":"Haiti","Honduras":"Honduras","Hong Kong":"Hong Kong","Hungary":"Hungary","Iceland":"Iceland","Indonesia":"Indonesia","Iran":"Iran","Iraq":"Iraq","Ireland":"Ireland","Isle of Man":"Isle of Man","Israel":"Israel","Italy":"Italy","Ivory Coast":"Ivory Coast","Jamaica":"Jamaica","Japan":"Japan","Jersey":"Jersey","Jordan":"Jordan","Kazakhstan":"Kazakhstan","Kenya":"Kenya","Kiribati":"Kiribati","Kosovo":"Kosovo","Kuwait":"Kuwait","Kyrgyzstan":"Kyrgyzstan","Laos":"Laos","Latvia":"Latvia","Lebanon":"Lebanon","Lesotho":"Lesotho","Liberia":"Liberia","Libya":"Libya","Liechtenstein":"Liechtenstein","Lithuania":"Lithuania","Luxembourg":"Luxembourg","Macau":"Macau","Macedonia":"Macedonia","Madagascar":"Madagascar","Malawi":"Malawi","Malaysia":"Malaysia","Maldives":"Maldives","Mali":"Mali","Malta":"Malta","Marshall Islands":"Marshall Islands","Mauritania":"Mauritania","Mauritius":"Mauritius","Mayotte":"Mayotte","Mexico":"Mexico","Micronesia":"Micronesia","Moldova":"Moldova","Monaco":"Monaco","Mongolia":"Mongolia","Montenegro":"Montenegro","Montserrat":"Montserrat","Morocco":"Morocco","Mozambique":"Mozambique","Myanmar":"Myanmar","Namibia":"Namibia","Nauru":"Nauru","Nepal":"Nepal","Netherlands":"Netherlands","Netherlands Antilles":"Netherlands Antilles","New Caledonia":"New Caledonia","New Zealand":"New Zealand","Nicaragua":"Nicaragua","Niger":"Niger","Nigeria":"Nigeria","Niue":"Niue","North Korea":"North Korea","Northern Mariana Islands":"Northern Mariana Islands","Norway":"Norway","Oman":"Oman","Pakistan":"Pakistan","Palau":"Palau","Palestine":"Palestine","Panama":"Panama","Papua New Guinea":"Papua New Guinea","Paraguay":"Paraguay","Peru":"Peru","Philippines":"Philippines","Pitcairn":"Pitcairn","Poland":"Poland","Portugal":"Portugal","Puerto Rico":"Puerto Rico","Qatar":"Qatar","Republic of the Congo":"Republic of the Congo","Reunion":"Reunion","Romania":"Romania","Russia":"Russia","Rwanda":"Rwanda","Saint Barthelemy":"Saint Barthelemy","Saint Helena":"Saint Helena","Saint Kitts and Nevis":"Saint Kitts and Nevis","Saint Lucia":"Saint Lucia","Saint Martin":"Saint Martin","Saint Pierre and Miquelon":"Saint Pierre and Miquelon","Saint Vincent and the Grenadines":"Saint Vincent and the Grenadines","Samoa":"Samoa","San Marino":"San Marino","Sao Tome and Principe":"Sao Tome and Principe","Saudi Arabia":"Saudi Arabia","Senegal":"Senegal","Serbia":"Serbia","Seychelles":"Seychelles","Sierra Leone":"Sierra Leone","Singapore":"Singapore","Sint Maarten":"Sint Maarten","Slovakia":"Slovakia","Slovenia":"Slovenia","Solomon Islands":"Solomon Islands","Somalia":"Somalia","South Africa":"South Africa","South Korea":"South Korea","South Sudan":"South Sudan","Spain":"Spain","Sri Lanka":"Sri Lanka","Sudan":"Sudan","Suriname":"Suriname","Svalbard and Jan Mayen":"Svalbard and Jan Mayen","Swaziland":"Swaziland","Sweden":"Sweden","Switzerland":"Switzerland","Syria":"Syria","Taiwan":"Taiwan","Tajikistan":"Tajikistan","Tanzania":"Tanzania","Thailand":"Thailand","Togo":"Togo","Tokelau":"Tokelau","Tonga":"Tonga","Trinidad and Tobago":"Trinidad and Tobago","Tunisia":"Tunisia","Turkey":"Turkey","Turkmenistan":"Turkmenistan","Turks and Caicos Islands":"Turks and Caicos Islands","Tuvalu":"Tuvalu","US Virgin Islands":"U.S. Virgin Islands","Uganda":"Uganda","Ukraine":"Ukraine","United Arab Emirates":"United Arab Emirates","United Kingdom":"United Kingdom","United States":"United States","Uruguay":"Uruguay","Uzbekistan":"Uzbekistan","Vanuatu":"Vanuatu","Vatican":"Vatican","Venezuela":"Venezuela","Vietnam":"Vietnam","Wallis and Futuna":"Wallis and Futuna","Western Sahara":"Western Sahara","Yemen":"Yemen","Zambia":"Zambia","Zimbabwe":"Zimbabwe"},"GENDER":{"GENDER":"Gender","Male":"Male","Female":"Female","Transgender":"Transgender","Genderqueer":"Genderqueer","Questioning":"Questioning","Prefer not to answer":"Prefer not to answer","Custom":"Custom"}},"dataLayerView":"\n window.dataLayer = window.dataLayer || [];\n window.dataLayer.push({\n page: {\n path: \"/topics/federalreserve/\",\n title: \"FederalReserve news and opinions | FederalReserve latest posts - Opoyi\"\n },\n Platform: 'web'\n });\n "},"__N_SSP":true},"page":"/topics/[slug]","query":{"slug":"federalreserve"},"buildId":"s6JOa6bN98cvwRWLG22Yh","runtimeConfig":{"API_URL":"https://rapi.opoyi.com/v1/graphql","BACKEND_HOST":"https://wapi.opoyi.com/","TRACK_HOST_URL":"https://stageapi.opoyi.com/postAction","HOST":"https://opoyi.com","FACEBOOK_APP_ID":"190350389758805","GOOGLE_CLIENT_ID":"262419566095-r2f8598eqbst302p3u6rh1u9nk2ms2om.apps.googleusercontent.com","IMAGE_BASE_PUBLIC_KEY":"public_kCJcX8dG/FsO8tsDLJSbEaGqYRE=","IMAGE_BASE":"https://opoyi.com/images","IMAGEKIT_BASE":"https://ik.imagekit.io/o8plo3y5if","IMAGEKIT_BASE_1":"https://images.opoyi.net","PTI_NOINDEX_DATE":"Fri Jan 21 2022","REDIS_SERVER":"prod-content-cache.m9sgvc.0001.aps1.cache.amazonaws.com:6379"},"isFallback":false,"dynamicIds":[58117],"gssp":true,"locale":"en","locales":["en","hindi","tamil","punjabi","gujarati","telugu","malayalam","bengali","marathi","kannada","espanol","french"],"defaultLocale":"en","domainLocales":[{"domain":"opoyi.com","defaultLocale":"en"},{"domain":"hindi.opoyi.com","defaultLocale":"hindi"},{"domain":"tamil.opoyi.com","defaultLocale":"tamil"},{"domain":"punjabi.opoyi.com","defaultLocale":"punjabi"},{"domain":"gujarati.opoyi.com","defaultLocale":"gujarati"},{"domain":"telugu.opoyi.com","defaultLocale":"telugu"},{"domain":"malayalam.opoyi.com","defaultLocale":"malayalam"},{"domain":"bengali.opoyi.com","defaultLocale":"bengali"},{"domain":"marathi.opoyi.com","defaultLocale":"marathi"},{"domain":"kannada.opoyi.com","defaultLocale":"kannada"},{"domain":"espanol.opoyi.com","defaultLocale":"espanol"},{"domain":"french.opoyi.com","defaultLocale":"french"}],"scriptLoader":[]}</script></body></html>