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

Explainer: What if US economy goes into recession? How it may impact India

NEW DELHI: The US Federal Reserve is expected to lift interest rates by three-quarters of a percentage point for a third straight time on Wednesday and signal how much further and how fast borrowing costs may need to rise to tame a potentially corrosive outbreak of inflation.

The Times of India

Can Larry Summers please shut up now?

Former Harvard president has been playing inflation Cassandra on TV for months. Can we hear other views?

Salon

Fed orders another super-sized interest rate hike as it battles stubborn inflation

The Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices. The central bank also signaled that additional rate hikes are likely.

WEKU

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

Asian shares decline ahead of Fed decision on interest rates

Asian shares have mostly declined as investors looked ahead to a widely expected interest rate hike by the U.S. Federal Reserve in its bid to squash the highest inflation in decades

The Independent UK

Federal Reserve warns of ‘pain’ ahead as inflation surges

The US central bank is expected to announce a sharp rise in interest rates on Wednesday in an attempt to tackle the cost of living crisis

The Guardian - US

AP News Digest 3 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

High inflation in sight, Fed to signal more rate hikes ahead

Last month, when Federal Reserve Chair Jerome Powell spoke at an economic conference in Jackson Hole, Wyoming, he issued a blunt warning: The Fed’s drive to curb inflation by aggressively raising interest rates, he said, would “bring some pain” for Americans

The Independent UK

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

How the Fed's steep rate hikes stand to affect your finances

Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier

The Independent UK

How much 'pain'? Fed to signal more rate hikes ahead

Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed’s drive to curb inflation by aggressively raising interest rates would “bring some pain.”

The Independent UK

Fewer Americans file for jobless benefits again last week

The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control

The Independent UK

CPI Data Throws The SPY, Stock Market Into Chaos: What's Going On?

The SPDR S&P 500 (NYSE: SPY) gapped down and plunged over 3% on Tuesday after consumer price index (CPI) data released by the U.S.

Benzinga

Dow Jones plunges amid news of US inflation rates

Inflation slowed for the second consecutive month as energy costs fall

The Guardian - US

Gold Stocks, Bitcoin Crushed Despite Inflation Hedge Argument: Goldman Sachs Now Says Buy This Miner

Gold and Bitcoin (CRYPTO: BTC) have proven neither holds the title of being a hedge against inflation this year.

Benzinga

Central bankers talk tough, but they can’t fight inflation like this

Raising rates has no effect when the things that are rising in price the fastest, such as fuel and food, are essential purchases

The Guardian - UK

Get all your
news in one place.

100's of premium titles.
One news app.

Benzinga

S&P 500 Snaps 3-Week Losing Streak As Investors Digest Powell's Latest Inflation Comments

The SPDR S&P 500 ETF Trust (NYSE: SPY) broke a three-week losing streak this week as the latest commentary from Federal Reserve Chair Jerome Powell suggests the Fed will continue to aggressively combat inflation.

Benzinga

Bears Go Nuclear With $8B Bet The Market Will Decline — 3x What They Thought in 2008

The S&P 500 closed up 0.66% on Thursday after opening lower in reaction to U.S. Federal Reserve Chair Jerome Powell's speech at the Cato Institute Monetary Conference.

Asharq Al-Awsat

Asian Markets Rally, Dollar Dips as Traders Price in Policy Tightening

Asian markets rallied Friday following a healthy performance on Wall Street, with investors largely pricing in more interest rate hikes aimed at taming runaway inflation. The more confident mood was reflected in a dip in the dollar, which has surged in recent weeks to multi-decade highs against its major peers…

The Independent UK

Asian shares rise after Wall Street rise, Fed Chair comments

Asian benchmarks are rising, cheered by gains on Wall Street as comments from the Federal Reserve chairman assured markets on the expected rate rise

Get all your
news in one place.

100's of premium titles.
One news app.

Benzinga

Bitcoin, Ethereum, Dogecoin Flat As Central Banks Stay Hawkish: Why This Trader Says Be Careful About ETH Bounce

Ethereum’s gains were higher than Bitcoin’s, even as the two coins remained largely flat on Thursday evening, with the global cryptocurrency market cap rising 0.7% to $983.3 billion at 8:20 p.m. EDT.

The Independent UK

Powell: Higher rates won't likely cause deep US recession

The last time the Federal Reserve faced inflation as high as it is now, in the early 1980s, it jacked up interest rates to double-digit levels — and in the process caused a deep recession and sharply higher unemployment

The Independent UK

Fewer Americans apply for jobless aid last week

Fewer Americans filed for unemployment benefits last week as the labor market remains continues to remain strong despite decades high inflation

Benzinga

US Stock Futures Edge Lower; Fed's Powell Speech In Focus

Pre-open movers U.S. stock futures traded slightly lower in early pre-market trade after recording gains on Wednesday. The Dow Jones jumped more than 400 points, while the Nasdaq Composite climbed over 2% in the previous session.

StockNews.com

2 Penny Stocks to Avoid Right Now Even at a Discount

With the recent market pullback in the aftermath of Jerome Powell’s speech at Jackson Hole, investors may be tempted to go bottom fishing. However, a rising interest rate environment may not be welcome news for developmental and fund-thirsty businesses with negative cash flows. Thus, given a foreseeably bleak outlook, it…

Bangkok Post

Opinion: Thai reserves are quickly depleting

Thailand's international reserves made headlines in mid-July when they fell US$3.3 billion in a single week.

Axios

Fed's Brainard: There's a risk of raising rates too much

No. 2 official also says falling profit margins would help with inflation

1 … 114 115 116 117

People

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

Organisations

European Central Bank

Mullen Automotive Inc.

43 stories

Agnico

14 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.