每日晨读金融时报 16Nov2022 英语口语听力 附原文及实用单词短语

【今日单词】cumulative /ˈkjuːmjʊlətɪv/adjectiveincreasing or increased in quantity, degree, or force by successive additions."the cumulative effect of two years of drought"----------------------------原文如下：The day in the marketsby George Steer(来自：The Financial Time 金融时报)What you need to know• Wall Street falls and dollar strengthens after rate rise concerns return• US Treasuries also hit by selling pressures as Fed officials weigh inThe dollar strengthened against its peers and Wall Street stocks were steady yesterday as investors turned cautious over the pace of interest rate rises by the US Federal Reserve following comments from senior central bank officials.The benchmark S&P 500 traded flat and the tech-heavy Nasdaq Composite slipped 0.1 per cent as investors paused after a rally late last week induced by better than forecast inflation data.The S&P added 6.4 per cent on Thursday and Friday and the Nasdaq climbed 9.3 per cent, its biggest two-day gain since 2008.The moves came after annual US consumer price growth slowed to 7.7 per cent in October, less than the 8 per cent expected by economists.The reading eases pressure on the Fed to increase its main policy rate by 0.75 percentage points when it next meets in December, having implemented four such rises in a row in an aggressive campaign to tame historically high rates of inflation.Over the weekend, Mary Daly, president of the San Francisco branch of the Fed, warned that the next phase of policymaking would be “difficult”, adding: “You have to be mindful of the cumulative tightening that’s already in the system. You have to be mindful of the lags in monetary policy.”Fed governor Chris Waller told a UBS conference in Australia yesterday that rates were going to “keep going up” and “stay high for a while until we see this inflation get down closer to our target”.In government bond markets, the yield on two-year US Treasuries rose 8 basis points to 4.4 per cent while the yield on the benchmark 10-year Treasury note added 4bp to 3.87 per cent.The US Dollar index, which tracks the currency against six others, added 0.5 per cent, recovering some of its losses last week.Across the Atlantic, the pan-regional Stoxx Europe 600 index added 0.1 per cent, consolidating a more than 3 per cent rise last week. London’s FTSE 100 gained 0.9 per cent....The Hang Seng index closed up 1.7 per cent, trimming gains after rising as much as 3.9 per cent, while China’s CSI 300 finished 0.2 per cent higher. 

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