Federal Reserve hikes US rates by 0.75% for third straight meeting Bank of England in the spotlight after US central bank stops short of super-sized 1% hike Evening Standard · Sep 21, 2022
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 · Sep 21, 2022
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 · Sep 21, 2022
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 · Sep 21, 2022
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 · Sep 21, 2022
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 · Sep 21, 2022
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 · Sep 21, 2022
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 · Sep 21, 2022
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 · Sep 21, 2022
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 · Sep 19, 2022
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 · Sep 15, 2022
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 · Sep 13, 2022
Dow Jones plunges amid news of US inflation rates Inflation slowed for the second consecutive month as energy costs fall The Guardian - US · Sep 13, 2022
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 · Sep 12, 2022
The Guardian - UK · Sep 10, 2022 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
Benzinga · Sep 9, 2022 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 · Sep 9, 2022 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 · Sep 9, 2022 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 · Sep 9, 2022 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
Benzinga · Sep 9, 2022 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 · Sep 8, 2022 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 · Sep 8, 2022 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 · Sep 8, 2022 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 · Sep 7, 2022 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 · Sep 7, 2022 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.