{"id":17735,"date":"2022-01-21T08:55:26","date_gmt":"2022-01-21T08:55:26","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/01\/21\/dax-tumbles-on-fed-policy-tightening-worries\/"},"modified":"2022-01-21T08:55:26","modified_gmt":"2022-01-21T08:55:26","slug":"dax-tumbles-on-fed-policy-tightening-worries","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/01\/21\/dax-tumbles-on-fed-policy-tightening-worries\/","title":{"rendered":"DAX Tumbles On Fed Policy Tightening Worries"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks tumbled on Friday as various downside risks, including new Covid-19 outbreaks, rising oil prices and mounting inflationary pressures clouded the near-term economic outlook. <\/p>\n<p>U.S. Treasury Secretary Janet Yellen said on Thursday she was confident the Federal Reserve and the Biden administration would take steps needed to bring down inflation during 2022.<\/p>\n<p>President Joe Biden on Wednesday said he supports Federal Reserve Chairman Jerome Powell&#8217;s expected move to start tightening monetary policy.<\/p>\n<p>&#8220;Given the strength of our <span class=\"landLinks\">economy<\/span> and pace of recent price increases, it&#8217;s appropriate \u2014 as Fed Chairman Powell has indicated \u2014 to recalibrate the support that is now necessary,&#8221; Biden said.<\/p>\n<p>U.S.-Russian tensions over Ukraine also weighed, with Washington reportedly allowing some Baltic states to send U.S.-manufactured weapons to Ukraine.<\/p>\n<p>The benchmark DAX fell 240 points, or 1.5 percent, to 15,671, heading into next week&#8217;s FOMC meeting. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>DAX Tumbles On Fed Policy Tightening Worries<\/a><br \/>\n<br \/>2022-01-21 08:55:26<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks tumbled on Friday as various downside risks, including new Covid-19 outbreaks, rising oil prices and mounting inflationary pressures clouded the near-term economic outlook. U.S. Treasury Secretary Janet Yellen&#8230;<\/p>\n","protected":false},"author":2,"featured_media":17736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-17735","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/17735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=17735"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/17735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/17736"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=17735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=17735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=17735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}