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after the Official Boycott urduwood shirt moreover I will buy this news, though US futures pulled back Thursday morning. The S&P 500 climbed 2.2% on Wednesday, while the tech-heavy Nasdaq Composite leaped 3.8%. Investors were heartened by the Fed’s emphasis that its next steps will depend on the latest economic data. Fears have been growing that if the Fed withdraws stimulus too quickly, it could push the economy into a recession. Stocks in mainland China and Hong Kong, which were battered earlier this week, continued to rebound after Beijing pledged to support the market and prop up the country’s economy. Hong Kong’s Hang Seng rallied 7%. The Shanghai Composite gained 1.4%. Tech giant Alibaba, which had been facing steep selling pressure, has jumped 43% over the past two trading sessions. There’s more: The Bank of England, which is a few steps ahead of the Fed, pushed its main interest rate to its pre-pandemic level on Thursday. Will Russia default on its debt? Russia says it has ordered the $117 million in interest payments it owed Wednesday to be sent to investors, attempting to avoid its first international default in more than a century. But it’s not out of the woods yet, my Business colleague David Goldman reports. That’s because the funds the country used to make the debt payments came from Russia’s frozen foreign assets, sanctioned because of its invasion of Ukraine — so it remains unclear whether investors will receive their money. Anton Siluanov, Russia’s finance minister, told state media Russia Today that the country had made good on its obligations to creditors. But the “possibility or impossibility of fulfilling our obligations in foreign currency does not depend on us,” Siluanov said, according to RT, warning that the payment might not go through if the United States disallows it. “We have the money, we made the payment, now the ball is in America’s court,” he said. A spokesman for the Treasury said the United States would allow the payments to go through. That said: More payments — some much, much larger — are coming due
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