Stocks and Bonds Rally as Traders Bet That Fed Hikes Are Done

Finance News

Stocks and bonds rally as traders speculate that the Federal Reserve will not raise interest rates. The TSX index increases by 1.6% due to strength in finance and base metals. The S&P 500 rises by 2% as investors believe the 'Fed is done' and U.S. yields decline. The PGA Tour announces plans to offer equity ownership to players. The SEC celebrates $5 billion in penalties after a year of cracking down on cryptocurrency. Low-cost airline Flybondi plans to expand into Brazil after a SPAC deal. A U.S. court ruling revives the fight over solar panel tariff waivers. Oil prices continue to rise on positive fuel consumption signals. Crypto exchange Blockchain.com raises $110 million at a lower valuation. Ottawa extends the deadline for an underused housing tax. Surveys show that women are less likely than men to request a raise or negotiate salary. Many Canadians are facing financial difficulties and stress. Canadian tech workers earn 46% less than their U.S. counterparts.