英式商务英语【16Sep2022】附原文及实用单词短语

【今日单词】复习一下之前学过的这个单词，大家还记得它吗：hoistverbraise (something) by means of ropes and pulleys."a white flag was hoisted"-----------------------原文如下：The day in the marketsby  Ian Johnston and Hudson Lockett(来自：The Financial Time 金融时报)What you need to know• Dollar slips 0.3% against a basket of six other currencies• Fed’s main interest rate to peak at about 4.3% in March 2023• Europe’s regional Stoxx 600 share index drops 0.9%, extending lossesUS stocks steadied yesterday after the worst sell-off on Wall Street since June 2020, as hotter than expected inflation data fuelled bets of more aggressive interest rate rises by the Federal Reserve.The broad S&P 500 and the technology-heavy Nasdaq Composite were up 0.3 and 0.7 per cent respectively by the early afternoon in New York. The dollar slipped 0.3 per cent against a basket of six other currencies, following gains in the previous session.Those moves came after the broad S&P gauge posted its steepest drop since early in the pandemic, falling 4.3 per cent on Tuesday on the back of a higher than forecast inflation reading for August. The Nasdaq had closed 5.2 per cent lower.Consumer prices in the world’s largest economy rose 0.1 per cent in August from the previous month, official data showed, compared with expectations of a decline of 0.1 per cent. The annual rate came in at 8.3 per cent, down from July’s figure of 8.5 per cent but above economists’ estimates of 8.1 per cent.The inflation report prompted investors to crank up their expectations of how aggressively the Fed would hoist borrowing costs, with markets now pricing in a one-in-three chance that the US central bank will lift rates by a full percentage point this month, according to CME Group data based on trading in federal funds futures. A move of such magnitude would follow two consecutive increases of 0.75 percentage points.Markets are now expecting the Fed’s main interest rate to peak at about 4.3 per cent in March 2023, a rise of about 0.3 percentage points since Monday.US government bonds were also steadier after the yield on the policy-sensitive two-year Treasury note rose sharply to its highest level since October 2007 in the previous session. The yield added 0.03 percentage points to 3.79 per cent, as the debt instrument’s price edged lower.Europe’s regional Stoxx 600 share index dropped 0.9 per cent, extending losses from Tuesday’s session. London’s FTSE 100 lost 1.5 per cent, even as UK inflation data for August came in cooler than expected. In Asian markets, Hong Kong’s Hang Seng index closed down 2.5 per cent, while Japan’s Topix fell 2 per cent.Fresh data yesterday showed that the UK’s rate of inflation eased back into single digits in August, coming in at a lower than expected 9.9 per cent year on year versus July’s figure of 10.1 per cent.

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