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The Latest Breaking News from Jerome Powell

Apple, Amazon, Tesla, Ford, AMD: Hawkish Fed, COVID-19 Woes Spur Retail Interest In These Stocks Today

Major Wall Street indices closed over 1.5% lower on Wednesday after witnessing a volatile session during Federal Reserve Chair Jerome Powell’s policy announcement.

Benzinga

ASX falls sharply, Wall Street slumps as Federal Reserve keeps raising rates aggressively

Australian shares close sharply lower, after the US Federal Reserve delivers another 0.75-of-a-percentage-point rise and gives no indication of when they will stop, sending Wall Street tumbling.

ABC News

Why The Fed's Language On Interest Rates Is Moving Markets Wednesday: 'We Will Stay The Course Until The Job Is Done'

The SPDR S&P 500 (NYSE: SPY) is volatile Wednesday afternoon after the Federal Reserve raised its benchmark rate by 0.75% for the fourth&

Benzinga

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US Fed delivers big rate hikes, signals next one could be smaller

It took note of the still-evolving impact that its rapid pace of rate hikes has set in motion.

Al Jazeera

Federal Reserve announces fourth straight interest rate hike to combat inflation

Federal Reserve Chairman Jerome Powell warns ‘we still have some ways to go’ on curbing inflation

The Independent UK

Fed unleashes another big interest rate hike but hints at a pullback

The Fed’s move raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years. It was the central bank’s sixth rate hike this year.

Chicago Sun-Times

Powell sees higher peak for rates, path to slow tempo of hikes

Federal Reserve Chair Jerome Powell opened a new phase in his campaign to regain control of inflation, saying US interest rates will go higher than previously projected, but the path may soon involve smaller hikes.

Tribune News Service

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Fed hikes again by 75 basis points, hints at entering end phase

Federal Reserve officials delivered their fourth straight 75 basis-point interest-rate increase while also signaling their aggressive campaign to curb inflation could be approaching its final phase.

Tribune News Service

How steep fed rate hikes affect your finances

Mortgage rates continue to jump, home sales slump and credit cards and auto loans increase

The Independent UK

Wall Street Braces For Another 0.75% Interest Rate Hike Wednesday After Private Payrolls Growth Comes In Hot

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.5% on Wednesday morning morning ahead of a critical Federal Open Market Committee interest rat

Benzinga

The Fed orders another jumbo interest rate hike. Many are wondering what's next

The Federal Reserve raised interest rates by another 0.75 percentage points Wednesday, as part of its ongoing effort to fight inflation. The big question is, what happens next.

WEKU

Powell likely to be pressed on whether Fed will slow hikes

Looming over the Federal Reserve meeting that ends Wednesday is a question of intense interest: Just how high will the Fed’s inflation-fighters raise interest rates — and might they slow their rate hikes as soon as next month

The Independent UK

Analyst Sees S&P 500 Surging Over 10% Tomorrow If Fed Takes These 2 Actions

The market has started the week on a negative note after a strong October. The near-term direction of the market largely hinges on what the Fed’s monetary policy-setting arm — the Federal Open Market Committee — does on Wednesday.

Benzinga

Wall Street Expects Another 0.75% Interest Rate Hike This Week, But Timing Of Fed Pivot Is Key

The SPDR S&P 500 ETF Trust (NYSE: SPY) gave up some of its October gains on Monday morning ahead of a critical Federal Open Market Committee inte

Benzinga

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The Independent UK

Asian markets higher ahead of Fed rates decision

Asian stock markets are mostly higher ahead of what is expected to be a Federal Reserve decision this week to raise interest rates again

Tribune News Service

Treasury market rally faces reality check as Powell sets path

The optimism that has crept into the U.S. bond market is about to be put to the test.

Tribune News Service

Fed seen aggressively hiking to 5%, triggering global recession

Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a U.S. and global recession, economists surveyed by Bloomberg said.

Benzinga

Buckle Up For 2023: Inflation Is Still Rampant, New PCE Data Shows

U.S. inflation, as measured by the Federal Reserve's preferred Personal Consumption Expenditures (PCE) Price Index, remains unchanged at 6.2% annually in September, according to the Bureau of Economic Analysis.

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Benzinga

'Pivot Language' From The Federal Reserve Could Be Coming Next Week: What You Need To Know Before The Fed's Next Meeting

A pivot from the Federal Reserve could be coming sooner than most are anticipating, even as the labor market continues to show strength.

Benzinga

US Jobless Claims Rise Slightly, GDP Tops Expectations Ahead Of Fed's November Interest Rate Decision

U.S. initial jobless claims ticked higher last week, but came in below economist estimates and still remain near historically low levels.

StockNews.com

Let These 3 Stocks Lead You Through the Bear Market

Gloomy earning guidance halted the S&P 500’s three-day winning streak. Moreover, a recession seems apparent as the U.S. economy battles sky-high inflation, aggressive rate hikes, and geopolitical headwinds. With the bear market not over yet, we think fundamentally strong stocks Walmart (WMT), Cisco Systems (CSCO), and Vertex Pharmaceuticals (VRTX) might…

Benzinga

Jerome Powell Gets Reminder From Senator Brown Ahead Of Fed Meet: 'Don't Forget Your Responsibility To Promote Maximum Employment'

The Chair of the Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has sent a letter to Federal Reserve Chair Jerome Powell, reminding him about the central bank’s dual mandate and asking him not to forget his responsibilities to

Tribune News Service

Can Congress buy in to digital dollar without legislation?

WASHINGTON — The White House’s exploration of a government-backed digital dollar is raising an implicit question that has received little attention: What role does Congress have in the decision?

Roll Call

Can Congress buy in to digital dollar without legislation? - Roll Call

The Fed says it needs congressional support to issue a digital currency, but it's unclear whether it has to be in the form of legislation.

The Guardian - US

Latest US inflation data raises questions about Fed’s interest rate hikes

Experts say raising rates ‘isn’t working’ and that the real culprits are corporate pricing, energy costs and supply chain

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