The Latest Breaking News from Jerome Powell

The U.S. labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep raising interest rates.

Total is far higher than what economists expected even as Federal Reserve continues to raise interest rates to bring down inflation

Asian stock markets broadly advanced on Thursday as currencies rose following Federal Reserve chairman Jerome Powell mention that the US central bank might soon shift its focus from taming inflation to curbing the economic slowdown.

The DoubleLine CEO expects Fed chair Powell will only hike one last time before calling it quits amid signs inflation is abating.

The Fed’s lower rate hike this month and the possibility of a pause earlier than expected could keep investor sentiment upbeat. Therefore, it could be wise to buy fundamentally strong stocks CTS Corporation (CTS), American Vanguard (AVD), and AudioCodes (AUDC), which are rated Strong Buy in our proprietary rating system.…

Top trending international news updates

UK central bank predicts much shallower recession than feared, but says Brexit hit has arrived sooner than thought

Asian stock markets have gained after the Federal Reserve said the U.S. economy is moving toward lower inflation but more interest rate hikes are planned

Bitcoin hit the highest since August as investors interpreted Federal Reserve Chair Jerome Powell’s comments about progress on inflation as a sign that a less harsh monetary policy backdrop lies ahead.