The Federal Reserve raised interest rates for the first time since 2023 to combat persistent inflation driven by factors like soaring fuel prices and geopolitical tensions. Richmond Fed President Tom Barkin emphasized the risks inflation poses to the economy, noting inflation has stayed above the 2% target for five years. The Fed signaled more rate hikes could follow depending on how inflation evolves, with markets expecting at least one more increase before year-end. This tightening aims to slow inflation but may strain sectors sensitive to interest rates and risk a stock market correction amid ongoing economic challenges.
The Federal Reserve's recent interest rate hike comes amid ongoing inflation concerns. For readers following the US Financials sector, here is Pluang's market snapshot as of Sep 23, 2026 04:41 WIB: Among 83 priced Financials stocks, 41 rose and 42 fell. Notable movers include Allstate Corp (ALL) down 5.50% at USD 229.50 with 100% buy order activity, Wells Fargo & Co (WFC) down 3.70% at USD 83.34 with 97% buy order activity, and JPMorgan Chase & Co (JPM) down 3.24% at USD 340.65 with a balanced buy/sell order activity of 54%/46%.
BMO Capital initiated coverage on Tenet Healthcare with a 'Market Perform' rating, indicating the stock is expected to perform in line with the broader market. The company is forecasted to report a 24.05% increase in Earnings Per Share (EPS) to $4.59...
Jaguar Health (JAGX) surged over 1,150% after the FDA granted fee waivers for its drugs Mytesi and Canalevia-CA1, signaling regulatory support. Greenland Mines (GRML) rose nearly 50% amid growing investor interest linked to U.S.-Greenland security de...
The market experienced a downturn with significant losses among key stocks. New Fortress Energy dropped 24.7% amid ongoing volatility in energy sectors, while Xanadu Quantum Technologies fell 21.7% reflecting sensitivity in quantum stocks to commerci...
Jefferies maintains a Hold rating on Capri Holdings due to uncertainty over a potential takeover. Despite a flat global luxury market, Capri's management expects growth in the second half of 2026, driven by new product launches, increased marketing, ...
Avalanche (AVAX) surged 55% in a week following the launch of Bitwise's Avalanche ETF (BAVA), the first regulated fund offering direct exposure to AVAX tokens with an active staking model. The ETF stakes about 70% of its holdings to generate an estim...
