Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from Jerome Powell

Nouriel Roubini says it's 'mission impossible' for the U.S. to avoid a recession

History tells us a recession is all but guaranteed next year, and Dr. Doom warns it could combine the worst of two big economic crises in past decades.

Fortune

The Fed is pushing the economy ‘quite unnecessarily’ into a recession, J.P. Morgan strategist says

A recession is likely next year, but it may have been avoidable.

Fortune

CPI Shows Rents Are Rising, Zillow Forecasting Drop In 2023; Professor Says Fed's Powell Will 'See The Light'

While consumer price index data in 2022 has been showing rent prices accelerating, Zillow Group Inc.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

We need serious public policy, not more printed money – the US economy is in tatters

Decades of bailouts have convinced some that the Fed will always come to the rescue – but this only papers over the fundamental flaws of the US economy

The Guardian - US

The Weekly Wrap for Saturday, 5 November 2022

Let's check in on our cousins in the United States in the dying days of the 2022 midterm campaign. Both the House of Representatives and the Senate sit uncomfortably on a knife's edge.

inkl Originals

Fed's Kashkari: Jobs report shows why more rate hikes needed

The solid U.S. jobs report for October underscores why the Federal Reserve needs to keep raising interest rates higher than it had previously forecast to control inflation, says Neel Kashkari, president of the Federal Reserve Bank of Minneapolis

The Independent UK

US jobs top forecasts, wages pick up in resilient labor market

U.S. employers added more jobs than expected in October while wages rose firmly, underscoring the resilience of the labor market despite the Federal Reserve’s aggressive efforts to cool it down.

Tribune News Service

Read news from The Economist, FT, and more,
with one subscription

US job growth still robust

WASHINGTON: US businesses reported strong hiring and wage increases in October although the unemployment rate climbed, offering a mixed picture as Federal Reserve officials debate how long to extend their campaign to curb elevated inflation.

Bangkok Post

U.S. hiring cooled slightly in October. That could help to ease inflation

Hiring slowed modestly in October, as employers added 261,000 jobs. That might take some of the upward pressure off inflation.

WEKU

Qantas investors back Alan Joyce multi-million-dollar bonus, ASX gains after weak start

Qantas shareholders support big bonuses for executives including boss Alan Joyce, ASX regains lost ground, the Bank of England raises rates by the most in more than three decades.

ABC News

Fed jolt has Asian markets on edge

Asian bourses paused on Thursday and most emerging market currencies in the region fell after the US Federal Reserve issued its fourth straight 0.75% interest rate hike, with chairman Jerome Powell suggesting the policy will continue to control inflation.

Bangkok Post

2 Stocks You Shouldn't Gamble on This Fall

While the Fed’s fourth consecutive interest rate hike was in line with expectations, the extent to which the interest rate will ultimately rise has triggered a fresh bout of panic and volatility in the stock market. Given the gloomy market outlook, fundamentally weak stocks DraftKings (DKNG) and Mullen Automotive (MULN)…

StockNews.com

Don't Get Caught Holding Either of These ETFs

The Fed announced its fourth consecutive 75-basis-point interest rate increase yesterday and indicated that it could raise interest rates higher than expected. This is expected to keep the stock market under pressure in the upcoming months. Therefore, we think losing ETFs Ark Innovation (ARKK) and SPDR S&P Biotech (XBI) are…

StockNews.com

Apple Stock Continues To Slide Following Fed Interest Rate Hike: Is The Bull Cycle Over?

Apple, Inc (NASDAQ: AAPL) was sliding in Thursday morning trading after gapping down over 2% to start the session. Thursday’s sinking prices come after a big bearish day on Wednesday, when the S&P 500 closed down 2.42%, partly driven by Apple, which lost 3.73%

Benzinga

Get all your
news in one place.

100's of premium titles.
One news app.

Tribune News Service

Deeper US recession looms as resilient labor market spurs Fed

The odds of a U.S. recession are rising. And the chances it will be mild are falling.

Tribune News Service

US jobless claims hold near historic low despite cooling economy

Applications for US unemployment insurance last week fell slightly, hovering around historically low levels as the labor market holds strong despite a weakening economy.

Benzinga

US Jobless Claims Still At Historic Lows, But Will Fed's Rate Hike Spur Layoffs?

U.S. initial jobless claims ticked lower last week, but not by much. Unemployment insurance filings still remain near historically low levels.

Axios

The Fedspeak behind Wednesday’s markets roller coaster

Markets whipsawed in the aftermath of another 0.75 percentage point rate hike on Wednesday.

Get all your
news in one place.

100's of premium titles.
One news app.

Benzinga

US Stocks In For Another Tough Day After Fed Rate Hike As Nasdaq, S&P 500 Futures Fall — Roku, Qualcomm Plunge On Earnings Disappointment

The U.S. index futures are pointing to a lackluster start on Wall Street Thursday, as rate worries linger. On Wednesday, the major averages experienced a bout of volatility in the aftermath of the Fed decision and closed notably lower. The market showed tentativeness in the run up to the Fed…

The Guardian - UK

First Thing: Biden urges Americans to take a stand against political violence

President asks voters to reject election-denying candidates in midterms to ‘preserve democracy’. Plus, can Twitter survive Elon Musk?

Benzinga

How Jerome Powell Swung The Market Pendulum As He Went From 'Dovish' And 'Pivot' To Most 'Hawkish'

What a difference a day can make! This rang true for the market, which went from euphoria to despair within a day.

The Guardian - UK

UK in ‘prolonged recession’ as Bank of England hikes interest rates to 3%, knocking pound – as it happened

Bank of England has made its biggest interest rate rise in three decades, but signals rates won’t rise as high as markets had expected

Benzinga

Larry Summers Is All Praise For Fed's Powell: 'Framed Issues Right, Pointed Toward Appropriate Policy'

Former Treasury Secretary Lawrence H. Summers has praised Federal Reserve Chair Jerome Powell for his policy stance stating the apex bank head has framed the issues correctly.

Reason

A GOP-Led Congress May Focus on Owning the Libs. Instead, It Should Focus on Owning Inflation.

If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.

The Independent UK

Powell: Rate hikes may slow, but inflation fight hardly over

Federal Reserve Chair Jerome Powell sought to strike a delicate balance at a moment when high inflation is bedeviling the nation’s economy and commanding a central role in the midterm elections

1 … 110 111 112 113

People

Dipanjan BanchurSince

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

House of Representatives

Mullen Automotive Inc.

43 stories

GFC

40 stories

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.