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The Latest Breaking News from Jerome Powell

3 Low-Risk Stocks to Buy in February 2023

With the U.S. economy adding significantly higher jobs than expected in January, the Fed could be prompted to raise the benchmark interest rates higher than projected. Amid this uncertainty, it could be prudent to buy less volatile and solid dividend-paying stocks such as KT Corporation (KT), Weis Markets (WMK), and…

StockNews.com

India Says Gulf Countries Remain Major Oil Suppliers

India is the third largest oil consumer in the world and accounts for 30 percent of global consumption, announced Indian Energy Minister Hardeep Singh Puri. The Minister asserted that India diversified its sources of energy imports but would continue to buy most of its oil from the Middle East for…

Asharq Al-Awsat

Jerome Powell sparks debate by revealing his salary at Economic Club of Washington

Mr Powell claims that he makes around $190,000, but others aren’t so sure

The Independent UK

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3 High-Quality Stocks You'll Kick Yourself Later for Not Buying

Despite recent signs of moderation in inflation, the better-than-expected January jobs data could force the Fed to raise interest rates even further. This is expected to keep the stock market highly volatile in the near term. Given a volatile market backdrop, investing in high-quality stocks AbbVie (ABBV), Cintas (CTAS), and…

StockNews.com

Signs of life in the housing market could spell trouble

"All things being equal, that means we'd have to do more with our other tools," Minneapolis Fed President Neel Kashkari says.

Fortune

If You Own These 3 Stocks, Sell Them Now

The strong labor market is expected to lead to continued rate hikes by the Fed, which might eventually lead to a recession. Therefore, fundamentally weak stocks Wynn Resorts (WYNN), Affirm Holdings (AFRM), and ForgeRock (FORG) might be best avoided now. Read more.

StockNews.com

Asian shares mixed after Wall St gains on Fed chair comments

Shares are mixed in Asia after stocks rallied on Wall Street following comments by the chair of the Federal Reserve signaling that last week’s stunningly strong jobs report won’t by itself sway its stance on interest rates hikes

The Independent UK

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FTSE 100 index hits record high; CMA deals blow to Microsoft’s Activision takeover – business live

Blue-chip share index climbs on hopes that inflation has peaked, while Turkey’s stock market halts trading after main index drops 7%

The Guardian - UK

The former top economist for Merrill Lynch says that stocks could plunge another 30%: 'The recession’s just starting'

David Rosenberg, former economist at Merrill Lynch, thinks the recession is just getting started, and investor outlook compared to their positioning is mismatched.

Fortune

Fed says more interest rate rises needed to cool inflation

Jerome Powell says disinflationary process ‘has a long way to go' as Biden is set to tout economic record at State of Union address

The Guardian - US

Powell says further rate hikes needed and markets take heed

Federal Reserve Chair Jerome Powell stuck to his message that interest rates need to keep rising to quash inflation and this time, the bond market listened.

Tribune News Service

Powell says further rate hikes needed amid ‘strong’ labor market

Federal Reserve Chair Jerome Powell said that additional interest-rate increases will be needed to cool inflation and borrowing costs may need to peak higher than previously expected, if the strong jobs market persists.

Tribune News Service

Fed Chair Powell sees ‘significant’ inflation drop in 2023

While inflation pressures are easing, the Fed chair cautioned that “these are the very early stages of disinflation. It has a long way to go.”

Chicago Sun-Times

Fed chair Jerome Powell says slowing inflation will likely "be bumpy"

Powell did not signal that the hot jobs report would prompt the Fed to act more aggressively than previously thought.

Axios

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The Independent UK

Fed Chair Powell sees 'significant' inflation drop in 2023

Federal Reserve Chair Jerome Powell said Tuesday that last week’s blockbuster U.S. jobs report showed it would likely take time to curb high inflation but that he expects a “significant decline” in inflation this year

The Independent UK

Watch: Federal Reserve Chair talks about future stock trends to Economic Club of Washington DC

Federal Reserve Chair Jerome Powell spoke to the Economic Club of Washington DC today, 7 February, about future stock trends.

StockNews.com

1 Growth Stock You Can Hold for the Next Decade

Steady moderation in inflation and the Fed’s downshift on tightening might help growth stocks to stage a recovery this year. Moreover, healthcare giant CVS Health (CVS) reported solid third-quarter results and raised its full-year guidance. With the potential of strong growth across its business segments, it could be wise to…

The Conversation

RBA warns of at least 2 more interest rate rises in coming months, as the economic outlook worsens

Australia’s cash rate has hit 3.35%, after the Reserve Bank raised interest rates for the ninth time in a row – and signalled more interest rate pain ahead. The 0.25 percentage point rise adds A$90 a month to a $600,000 variable mortgage.

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Asharq Al-Awsat

Oil Rises on China Outlook, Supply Worries after Türkiye Quake

Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China, and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Türkiye. Brent crude futures rose 82 cents, or 1.01%, to $81.81 per barrel by 0300…

StockNews.com

2 Millionaire-Maker Stocks to Buy Now

Investors’ sentiments improved in recent weeks amid the steady cooling of inflation, the Fed’s downshift on tightening, and easing recession fears. Additionally, a strong job report suggests economic resilience. Amid this, investors should invest in quality stocks Coca-Cola (KO) and Archer-Daniels-Midland (ADM), which possess solid long-term potential. Keep reading….

StockNews.com

2 Stable Stocks You Can Buy Now for Under $100

Despite the recent positive macro data, the recession possibility remains as the Federal Reserve is expected to keep hiking rates until its target is met. So, dividend-paying healthcare stocks Novartis (NVS) and Takeda Pharmaceutical (TAK) could be stable investment options to safeguard your portfolios. These stocks are trading under $100.…

StockNews.com

Is This the End of the 2023 Market Rally?

On Wednesday, the Federal Reserve announced a 25-basis point rate hike, a smaller increase than what we grew accustomed to in 2022. Inflation appeared to be moving back into a controlled place. The S&P 500 (SPY) cheered and continued to rally, leading to one of the strongest starts to the…

The Independent UK

State of the Union: Biden sees economic glow, GOP sees gloom

Going into Tuesday’s State of the Union address, President Joe Biden sees a nation with a glowing economic future

WEKU

Markets are surging as fears about the economy fade. Why the optimists could be wrong

The markets have rallied this year as investors believe inflation will continue to ease and that the economy will avoid a recession – but it could end in tears.

The Independent UK

An unexpected job surge confounds the Fed's economic models

Does the Federal Reserve have it wrong

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