每日晨读金融时报 04Nov2022 英语口语听力 附原文及实用单词短语

【今日单词】cognizant /ˈkɒ(ɡ)nɪz(ə)nt/having knowledge or awareness."statesmen must be cognizant of the political boundaries within which they work"----------------------------原文如下：The day in the marketsby George Steer and Nicholas Megaw(来自：The Financial Time 金融时报)What you need to know• Wall Street stocks rise as investors bet US central bank may slow rate increases• Fed mindful of lag between increase in borrowing costs and economic effectsUS stocks swung higher yesterday after the Federal Reserve announced its fourth consecutive 0.75 percentage point increase in interest rates but hinted that it could slow the pace of future hikes.Wall Street’s benchmark S&P 500 jumped as much as 0.7 per cent shortly after the decision was announced compared with a 0.4 per cent decline immediately beforehand.The tech-heavy Nasdaq Composite rose 0.6 per cent.In a statement alongside the widely expected rate rise, the central bank said that it expected to continue raising rates but would “take into account . . . the lags with which monetary policy affects economic activity and inflation”.Markets have rallied in recent weeks on any signs that policymakers will rein in the pace of further rate rises.“The front loading [of rate increases] is essentially over and rate hikes from here will be more cognisant of the new economic environment we’re in with respect to the much higher cost of capital and economic clouds that are circling,” said Peter Boockvar, chief investment officer at Bleakley Financial Group. “This is the Fed’s way of telling us that a slowdown in the pace of future hikes is upon us.”The Fed has been aggressively lifting rates this year in an attempt to tame stubbornly high inflation, but fears have grown that the central bank will tighten policy too far and push the US and global economy into a recession.After yesterday’s increase, the federal funds rate stands at 3.75 per cent to 4 per cent, from near zero at the end of last year.Government bond prices also picked up after the Fed decision, pushing yields lower. The yield on the 10-year US Treasury note slipped 6 basis points to 3.99 per cent. The two-year yield, which is particularly sensitive to monetary policy, fell 8bp to 4.46 per cent.Elsewhere, Hong Kong’s Hang Seng index was up 2.4 per cent while China’s CSI 300 added 1.2 per cent. The two indices closed 5.2 per cent and 3.6 per cent higher, respectively, on Tuesday.Elsewhere in Asia, Tokyo’s Topix added 0.1 per cent. The pan-regional Stoxx Europe 600 fell 0.3 per cent.

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