

By Mehnaz Yasmin
(Reuters) -U.S. banks JPMorgan Chase & Co (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) raised their prime lending rates by 75 bps to 5.5% on Wednesday to reflect the Federal Reserve's latest interest rate move.
The moves, which will be effective from Thursday, follow the U.S. Federal Reserve's decision to raise its target interest rate by three-quarters of a percentage point for a second consecutive month to tame soaring inflation. [FED/]
"Today's move is further admission from the Federal Reserve that it was too generous with its monetary policy in 2021 and that it is trying to reverse things quickly," said Michael Ashley Schulman, chief investment officer at multi-family office Running Point Capital Advisors.
Fed chairman Powell during a press conference on Wednesday said he expects another unusually large increase in rates at the next meeting due to an extremely tight labor market and high inflation.
"It's tough medicine, but the Fed needs to get a handle on inflation for everyone's sake," said Ted Rossman, senior industry analyst at financial services company Bankrate.
"And retailers such as Walmart (NYSE:WMT) are indicating that consumer demand is slowing for all of these reasons. While unpleasant for borrowers, these are perhaps signals that the rate hikes are starting to do their job," Rossman added.
The central bank is walking a tight rope as its aggressive moves to stamp out inflation could tip the economy into a recession.
"If the U.S. enters a recession now, it would be a most unusual one with plentiful credit, low unemployment and high inflation - remarkable dynamics not normally associated with an economic slowdown," Schulman said.
Banks usually stand to gain from high interest rates as they earn the difference between rates of borrowing and costs of lending.
EUR/USD
1.0084
-0.0004 (-0.04%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (5)
Sell (2)
EUR/USD
1.0084
-0.0004 (-0.04%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (5)
Sell (2)
GBP/USD
1.1885
-0.0045 (-0.38%)
Summary
SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (3)
Sell (5)
USD/JPY
136.60
+0.73 (+0.53%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (0)
Sell (7)
AUD/USD
0.6900
-0.0018 (-0.26%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (6)
USD/CAD
1.2977
+0.0030 (+0.23%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (2)
EUR/JPY
137.75
+0.67 (+0.49%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (10)
EUR/CHF
0.9655
+0.0003 (+0.03%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (11)
Gold Futures
1,767.15
-4.05 (-0.23%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (7)
Sell (0)
Silver Futures
19.168
-0.296 (-1.52%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (2)
Copper Futures
3.6235
-0.0080 (-0.22%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (6)
Crude Oil WTI Futures
89.58
-0.92 (-1.02%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (6)
Brent Oil Futures
95.62
-0.97 (-1.00%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (6)
Natural Gas Futures
9.094
-0.094 (-1.02%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (3)
US Coffee C Futures
214.70
-0.10 (-0.05%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (5)
Sell (2)
Euro Stoxx 50
3,751.85
-25.53 (-0.68%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
S&P 500
4,283.74
+9.70 (+0.23%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (0)
Sell (8)
DAX
13,590.89
-106.52 (-0.78%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (6)
FTSE 100
7,532.60
-9.25 (-0.12%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (10)
Hang Seng
19,772.50
+8.59 (+0.04%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (3)
US Small Cap 2000
2,000.73
+13.41 (+0.68%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (4)
Sell (2)
IBEX 35
8,358.92
-71.38 (-0.85%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
BASF SE NA O.N.
43.190
-0.250 (-0.58%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Bayer AG NA
53.23
-0.83 (-1.54%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (6)
Allianz SE VNA O.N.
176.40
-2.12 (-1.19%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Adidas AG
165.87
-1.65 (-0.98%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (11)
Deutsche Lufthansa AG
6.355
-0.211 (-3.21%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (7)
Siemens AG Class N
109.49
-0.77 (-0.70%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Deutsche Bank AG
8.672
-0.196 (-2.21%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (11)
EUR/USD | 1.0084 | Buy | |||
GBP/USD | 1.1885 | Sell | |||
USD/JPY | 136.60 | Sell | |||
AUD/USD | 0.6900 | ↑ Sell | |||
USD/CAD | 1.2977 | ↑ Buy | |||
EUR/JPY | 137.75 | ↑ Sell | |||
EUR/CHF | 0.9655 | ↑ Sell |
Gold | 1,767.15 | ↑ Buy | |||
Silver | 19.168 | ↑ Buy | |||
Copper | 3.6235 | ↑ Sell | |||
Crude Oil WTI | 89.58 | ↑ Sell | |||
Brent Oil | 95.62 | ↑ Sell | |||
Natural Gas | 9.094 | Sell | |||
US Coffee C | 214.70 | Neutral |
Euro Stoxx 50 | 3,751.85 | ↑ Sell | |||
S&P 500 | 4,283.74 | Sell | |||
DAX | 13,590.89 | ↑ Sell | |||
FTSE 100 | 7,532.60 | ↑ Sell | |||
Hang Seng | 19,772.50 | Neutral | |||
Small Cap 2000 | 2,000.73 | ↑ Buy | |||
IBEX 35 | 8,358.92 | ↑ Sell |
BASF | 43.190 | ↑ Sell | |||
Bayer | 53.23 | ↑ Sell | |||
Allianz | 176.40 | ↑ Sell | |||
Adidas | 165.87 | ↑ Sell | |||
Lufthansa | 6.355 | ↑ Sell | |||
Siemens AG | 109.49 | ↑ Sell | |||
Deutsche Bank AG | 8.672 | ↑ Sell |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,600![]() ![]() (0/ 0) # 1,728 |
SJC HCM | 6,620![]() ![]() (0/ 0) # 1,745 |
SJC Hanoi | 6,620![]() ![]() (0/ 0) # 1,747 |
SJC Danang | 6,620![]() ![]() (0/ 0) # 1,747 |
SJC Nhatrang | 6,620![]() ![]() (0/ 0) # 1,747 |
SJC Cantho | 6,620![]() ![]() (0/ 0) # 1,747 |
Cập nhật 19-08-2022 15:27:06 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,752.64 | -5.93 | -0.34% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 25.340 | 25.840 |
RON 95-III | 24.660 | 25.150 |
E5 RON 92-II | 23.720 | 24.190 |
DO 0.05S | 22.900 | 23.350 |
DO 0,001S-V | 24.880 | 25.370 |
Dầu hỏa 2-K | 23.320 | 23.780 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $89.48 | +0.42 | 0.47% |
Brent | $94.93 | +0.93 | 0.97% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.235,00 | 23.545,00 |
EUR | 22.981,75 | 24.268,73 |
GBP | 27.175,39 | 28.334,31 |
JPY | 167,13 | 176,93 |
KRW | 15,26 | 18,59 |
Cập nhật lúc 15:20:07 19/08/2022 Xem bảng tỷ giá hối đoái |