HSBC Holdings (HSBA)

Sector:

Banking

Index:

FTSE 100

623.00p
   
  • Change Today:
      8.00p
  • 52 Week High: 659.00
  • 52 Week Low: 549.70
  • Currency: UK Pounds
  • Shares Issued: 18,959m
  • Volume: 4,722,067
  • Market Cap: £118,113m
  • RiskGrade: 167

Fed's Powell says message from last policy meeting was that "disinflation process" had begun

By Alexander Bueso

Date: Tuesday 07 Feb 2023

LONDON (ShareCast) - (Sharecast News) - The head of the US central bank told an audience that the "message" from its last policy meeting was that the "disinflation process" had begun.


Nonetheless, as Jerome Powell continued to speak he appeared to sound a more hawkish note, albeit alongside several more positive sounding remarks from the point of view of risk assets.

Stocks, bonds and the US dollar all gyrated as the Federal Reserve chairman spoke with the former two initially gaining ground rapidly and then falling back.

Powell was being interviewed at the Economic Club of Washington.

The central banker reiterated that "ongoing rate increases would be appropriate" and said that the strong jobs numbers published by the Department of Labor on 3 February had "surprised" him, the Wall Street Journal reported.

"It shows you why we think this will take a period of time" to bring prices down to the Fed's 2% target, he explained, going on to say that the economy was at the "earliest stages of disinflation".

He added that 2% inflation was the global standard and that the Fed was not looking to change the inflation target.

His expectation was that 2023 would see a "significant" decline in the rate of price gains and that it would take into 2024 to "get close to 2%".

It was "good" to see moderation in wage growth and a recent upturn in immigration might relieve pressure in the labour market, he also said.

In his judgement, the Fed would have to raise rates further and then see if that was enough.









Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HSBC Market Data

Currency UK Pounds
Share Price 623.00p
Change Today 8.00p
% Change 1.30 %
52 Week High 659.00
52 Week Low 549.70
Volume 4,722,067
Shares Issued 18,959m
Market Cap £118,113m
RiskGrade 167

HSBC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.90% above the market average93.90% above the market average93.90% above the market average93.90% above the market average93.90% above the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Price Trend
47.54% above the market average47.54% above the market average47.54% above the market average47.54% above the market average47.54% above the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Income
95.71% above the market average95.71% above the market average95.71% above the market average95.71% above the market average95.71% above the market average
57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average
Growth
61.70% above the market average61.70% above the market average61.70% above the market average61.70% above the market average61.70% above the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 4
Sell 3
Strong Sell 0
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HSBC Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 07-Mar-24 09-Nov-23
Paid 25-Apr-24 21-Dec-23
Amount 31.00¢ 10.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
13:01 73 @ 623.00p
13:01 469 @ 623.00p
13:01 160 @ 623.00p
13:01 236 @ 623.00p
13:01 163 @ 623.00p

HSBC Key Personnel

CEO Noel Quinn

Top of Page