News Digging > Editor's Picks > GLOBAL MARKETS-Global shares gain, Wall Street shoots higher on reports of First Republic rescue
GLOBAL MARKETS-Global shares gain, Wall Street shoots higher on reports of First Republic rescue
GLOBAL MARKETS-Global shares gain, Wall Street shoots higher on reports of First Republic rescue,Money markets are still largely pricing in a 25-basis-point rate hike by the Federal Reserve in March, while ECB President Christine Lagarde described its rate rise on Thursday, which took its key rate to 3%, as a "robust decision" to bring inflation back under control. "The implications for the Fed's meeting next week suggests that the Fed will raise rates 25 basis points based on futures probability, but will make it clear that the stability of the banking system remains strong," said Quincy Krosby, chief global strategist for LPL Financial in Charlottesville, Virginia.

GLOBAL MARKETS-Global shares gain, Wall Street shoots higher on reports of First Republic rescue

Money markets are still largely pricing in a 25-basis-point rate hike by the Federal Reserve in March, while ECB President Christine Lagarde described its rate rise on Thursday, which took its key rate to 3%, as a "robust decision" to bring inflation back under control. "The implications for the Fed's meeting next week suggests that the Fed will raise rates 25 basis points based on futures probability, but will make it clear that the stability of the banking system remains strong," said Quincy Krosby, chief global strategist for LPL Financial in Charlottesville, Virginia.