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The Latest Breaking News from Jerome Powell

Asian markets fall with Wall St after Fed rate hike, warning

Hong Kong (AFP) - Asian markets skidded Thursday, tracking losses on Wall Street after the US Federal Reserve hiked interest rates again and dealt a blow to hopes it could cut them later in the year to soothe worries over the banking sector.

AFP

US raises interest rates despite troubles in banking industry

Stocks fell sharply Wednesday after the Federal Reserve indicated the end may be near for its economy-crunching hikes to interest rates, but it also doesn’t expect to cut rates anytime soon despite Wall Street’s hopes.

France 24

Inflation Rate Goes Up By A Quarter Percent Despite A Strong Job Market

The Federal Reserve has increased the interest rate by a quarter percent as the job market remains strong.

Zenger

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US Fed lifts key interest rate, voices banking sector concerns

Washington (AFP) - The US Federal Reserve raised its benchmark lending rate on Wednesday, as it sought to strike a balance between curbing high inflation and averting further upheaval in the commercial banking sector.

AFP

Dow Jones Futures Rise After Fed Sell-Off; Apple, 5 Titans Mask Market Weakness

Techs led futures higher after Wednesday's Fed-led sell-off. Apple and other titans have masked market weakness

Investors Business Daily

US Fed announces latest interest hike in wake of banking turmoil

The Fed has continued its cycle of rate increases aimed at stemming inflation but indicated pause could be on horizon.

Al Jazeera

Bitcoin teeters near $27,000 as Fed raises interest rates and Powell says cuts unlikely in 2023

The cryptocurrency jumped above $28,000 earlier this week.

Fortune

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Powell stresses commitment to cooling prices as Fed hikes rates

The Federal Reserve raised interest rates at a ninth straight meeting and indicated there may be more hikes to come in a clear sign it’s confident that its bid to quell inflation won’t deepen a nascent banking crisis.

Tribune News Service

Federal Reserve bows to bank-crisis fears with quarter-point rate hike, letting up a little in its fight against inflation

The Federal Reserve raised interest rates by a quarter-point on March 22, 2023, bowing to market expectations that it would temper its aggressive program of rate hikes amid a still-brewing banking crisis.

The Conversation

US Federal Reserve raises interest rates a quarter-point amid banking turmoil

Fed announces rise to a range of 4.75% to 5% – its ninth consecutive rate rise and the highest rate since 2007

The Guardian - US

Watch: Jerome Powell holds news conference after Federal Reserve raises interest rates

Watch as Jerome Powell holds a news conference after the US Federal Reserve announced that it was to hike interest rates on Wednesday, 22 March.

The Independent UK

The Fed raises interest rates again despite the stress hitting the banking system

The Federal Reserve raised its benchmark interest rate by a quarter percentage-point in an effort to curb high inflation. Some had called for the Fed to wait after two recent bank failures.

WEKU

Dow Jones Falls Ahead Of Fed Rate Hike Decision, Powell Comments; GameStop Soars 53% On Surprise Profit

The Dow Jones fell Wednesday ahead of the Federal Reserve's rate decision and Fed Chair Powell's comments. GameStop rocketed on earnings.

Investors Business Daily

Fed Preview: Markets Focused On Bank Risk, But 'Dot Plot' May Prove More Important

Jerome Powell faces the toughest choice of his Fed career later today as he seeks to thread the needle between fighting inflation and easing the current bank crisis.

The Street

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The Street

Stocks Edge Lower, Fed On Deck, First Republic Boost, GameStop Soars, Nike Slips - Five Things To Know

Stock futures edge lower as Fed rate decision looms; Fed Chair Powell faces difficult choice between inflation fight and bank stability; First Republic shares extend gains amid capital support plans; GameStop shares soar following first quarterly profit in two years and Nike slips lower as margins pressures cloud Q3 profit…

The Guardian - UK

US Federal Reserve raises interest rate by a quarter point – business live

US central bankers must decide whether to push on with monetary tightening, or pause rate hikes amid banking turmoil

Tribune News Service

What to know ahead of the Fed's interest-rate decision

All eyes in the financial and economic world will be laser-focused Wednesday on the Federal Reserve as Chair Jerome Powell tries to balance his fight against inflation against a sudden banking crisis.

Zenger

The Fed Struggling With Building Renovations Amid Rise Of Inflation

Rise in interest rates as the central bank depends on tax dollars for maintaining building and infrastructure.

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Fortune

An economist who correctly predicted the Great Financial Crisis says the world’s central banks have chosen ‘class war over financial stability'

The Fed and other central banks want to bring down inflation at all costs. Is it worth it?

Fortune

The bank collapses triggered by SVB have uncanny parallels to the savings and loan crisis of the 1980s

“The arithmetic behind it was timeless," George Ball of Sanders Morris Harris told Fortune.

Investors Business Daily

Federal Reserve Meeting: Rate Hike Likely, But U-Turn Is Near; S&P 500 Gains

The Federal Reserve will likely hike its key interest rate, but this might be the last, amid tighter bank credit. S&P 500 futures were flat.

The Guardian - US

To prevent more bank runs, the Fed should pause rate hikes

Inflation is receding, albeit slowly, so there’s no reason to risk more financial tumult. Will the central bank see it that way?

Orlando Sentinel

DeSantis wants to ban federal digital currency, despite debunking of concerns

TALLAHASSEE — Echoing recent claims by Alex Jones and other right-wing personalities that the federal government wants to create a Communist-style surveillance system to track the spending habits of Americans, Gov. Ron DeSantis on Monday said he wants to ban such activities in Florida.

Investors Business Daily

Dow Jones Rallies As Powell Looms; Donald Trump Stock Surges Amid Legal Drama

The Dow Jones rallied even as the latest Fed meeting, led by Jerome Powell, looms. First Republic stock plunged. A Donald Trump stock surged.

Fortune

Elizabeth Warren says Jerome Powell has 'failed' at both of his jobs and shouldn't be Fed chair

Powell's handling of the economy and banking regulations has left a lot to be desired for some critics.

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