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The Latest Breaking News from Jerome Powell

Stocks dive as fears about the economy intensify

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.

WEKU

The Satanic Temple: If Christians Can Raise Flag at Boston City Hall, We Can Raise Ours Too

Plus: The push to abolish the Senate, Feds hike interest rates by 0.5 percent, and more...

Reason

Falling jobless rate is set to complicate Fed’s inflation fight

The U.S. unemployment rate probably fell to 3.5% in April, matching the lowest reading since the 1960s, and many economists expect it to keep declining — potentially complicating the Federal Reserve’s fight against inflation.

Tribune News Service

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Stock Market Today - 5/5: Dow Plunges 1000 Points In Post-Fed Rally Reverse; Tech Stocks Hammered As Treasury Yields Leap

Wall Street gave back all and more of yesterday's gains Thursday as the Fed-induced rally flamed out and investors switched focus to jobs and growth prospects amid the central bank's inflation fight.

The Street

Stocks Move Lower, Fed Feels Pain, Elon Musk, eBay, Meta In Focus - 5 Things You Must Know

Stock futures retreat as post-Fed rate rally fizzles; Fed Chair Powell concedes inflation 'hardship' as rate hikes expected to slow growth; republican lawmaker wants FTC to preserve records linked to Musk and Twitter; eBay shares slump on muted outlook for online marketplace and Meta shares slide on reports its looking…

The Street

Asian, European markets rise as US Fed eases fears of huge rate hike

Markets rallied Thursday after the US Federal Reserve played down chances of a huge interest rate hike in the near future, while oil extended gains as the European Union moved to ban imports from Russia.

Bangkok Post

Pound tumbles to two-year low as stagflation fears rise – as it happened

Sterling tumbles to lowest since June 2020 as Bank of England lifts interest rates to 13-year high, cuts growth forecasts, and sees inflation hitting 10%

The Guardian - UK

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Asian stocks rise after Fed chair downplays bigger rate hike

Asian stock markets have followed Wall Street higher after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the U.S. central bank’s biggest increase in two decades

The Independent UK

Asian shares rise as US Federal Reserve strikes less hawkish tone

Rally comes after Fed Chair Jerome Powell says central bank not “actively considering” 0.75 percentage point increase.

Al Jazeera

Asian markets rise as Fed eases fears over huge rate hike

Hong Kong (AFP) - Asian markets rallied Thursday following a Wall Street surge after the Federal Reserve played down chances of a huge interest rate hike in the near future, while oil extended gains as the European Union moved to ban imports from Russia.

AFP

Bitcoin, Ethereum, Dogecoin Rally After Fed Hikes Rates As Expected: Why This Analyst Thinks It's A 'Fakeout' Rather Than Breakout

Bitcoin traded higher and hovered just under the psychologically important $40,000 mark on Wednesday evening as the global cryptocurrency market cap shot up 5.5% to $1.8 trillion.

Benzinga

Powell Says More Hikes Are Likely Coming, But US Economy Is 'Well Positioned' To Handle Them

Federal Reserve Chairman Jerome Powell had some relatively soothing words for the markets after the Fed on Wednesday raised its target fed funds rate by 0.5% to a new range of between 0.75% and 1.0%.

Benzinga

The Fed is putting America's inflation problem on its shoulders

Chair Jerome Powell addressed the American public directly, and owned the current situation

Axios

The Dow rallies to its best day since 2020 after the Fed rules out larger rate hikes

Markets jumped after Fed Chair Jerome Powell said the central bank was not contemplating bigger rate hikes than the half-a-percentage-point increase it delivered on Wednesday.

WEKU

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ABC News

Federal Reserve hikes official interest rates by 0.5 per cent, ASX rises, Dow Jones jumps 900 points

The US Federal Reserve has increased official interest rates by 0.5 per cent and flagged that more such rises are likely. Meanwhile, the Australian market has followed Wall Street higher.

Tribune News Service

Stock bulls get reprieve as Powell signals a limit to austerity

Under no pressure to throw investors a bone, Jerome Powell nevertheless did, igniting the biggest stock market rally on the day of a Federal Reserve meeting in a decade.

AFP

US stocks rally, dollar retreats as Fed lifts interest rates

New York (AFP) - Wall Street stocks rallied and the dollar retreated Wednesday after the Federal Reserve announced a large 50 basis points interest rate increase but ruled out an even bigger hike for the foreseeable future.

Investors Business Daily

Dow Jones Futures Fall After Fed's Powell Fuels Big Market Rally; Apple, Exxon Flash Buy Signals

The stock market soared as Fed chief Jerome Powell signaled no supersize rate hikes. Apple, Exxon flashed buy signals. What should investors do now?

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France 24

US Federal Reserve hikes interest rates to tackle inflation

The US Federal Reserve has hiked interest rates by half a percentage point - double its usual rate - to tackle the country’s highest level of inflation in 40 years. Fed Chairman Jerome Powell said it was 'essential' to lower inflation and reduce hardship for American families. Thomas Costerg, Senior…

Investors Business Daily

Dow Jones Jumps As Powell Soothes These Fears; Bill Gates Says Elon Musk Could Make Twitter 'Worse'

The Dow Jones jumped after Fed chair Jerome Powell turned market whisperer. Bill Gates warned Elon Musk could make Twitter worse.

Investors Business Daily

Indexes Jump After Fed's Biggest Rate Hike In Two Decades; Two Oil Stocks Score Breakouts

The Dow Jones rallied over 2% in late-afternoon trading after the Fed's rate hike announcement triggered a broad-market rally.

Investors Business Daily

Federal Reserve Begins Two-Fisted Tightening; Dow Jones Rallies On Powell Comments

The Federal Reserve hiked its key rate and OK'd balance-sheet runoff. But stocks leapt as Fed chief Powell ruled out even-bigger hikes.

WEKU

The Fed raises interest rates by the most in over 20 years to fight inflation

The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.

The Guardian - US

Federal Reserve announces biggest interest rate hike since 2000

Benchmark interest rate raised 0.5 percentage points, with more rises expected

Axios

Fed raises rates half a percentage point

The central bank also signaled more rate increases are on the way.

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