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The Latest Breaking News from Jerome Powell

Stocks and dollar struggle before Fed rate decision

London (AFP) - Stock markets and the dollar struggled for direction on Wednesday, as investors waited to learn the size of the US Federal Reserve's latest interest-rate hike to cool inflation.

US Fed set to slow rate hikes

US Fed set to slow rate hikes

WASHINGTON: The US Federal Reserve started the second day of its policy meeting on Wednesday, on growing expectations that it will step down to a smaller interest rate hike as red-hot inflation shows signs of cooling.

Stock Market Today: Stocks End Higher After Fed Rate Decision; Meta Earnings On Deck

Stock Market Today: Stocks End Higher After Fed Rate Decision; Meta Earnings On Deck

Stocks finished higher Wednesday following the Fed's eighth consecutive rate hike that lifted the Fed Funds benchmark to a range of between 4.5% and 4.75%..

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Stocks Edge Lower, Fed In Focus, Meta, AMD, Peloton - Five Things To Know

Stock futures lower as 2023 rally faces early fed test; Traders bet on smaller rate hikes, see dovish pivot; Meta earnings on deck as mega cap tech rolls up sleeves; AMD shares leap as earnings, outlook steady chip sector nerves and Peloton facing more losses, cost cuts amid fading in-home…

US Fed set to slow rate hikes but signal inflation fight not over

Washington (AFP) - The Federal Reserve starts the second day of its policy meeting Wednesday, on growing expectations that it will step down to a smaller interest rate hike as red-hot inflation shows signs of cooling.

UK house price growth slowest since mid-2020; manufacturing contracts for sixth month in a row – as it happened

UK annual house price growth slows to 1.1%; investors await US Federal Reserve message on whether it will tighten monetary policy further

The Guardian - UK

Asian markets rebound from losses after Wall St rally

Hong Kong (AFP) - Asian markets bounced back from two days of losses on Wednesday as traders tracked a Wall Street surge fuelled by data pointing to slowing US inflation and hopes the Federal Reserve's rate hike drive is coming to an end.

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Powell likely to stress Fed's inflation fight far from over

Powell likely to stress Fed's inflation fight far from over

Inflation is cooling, and parts of the economy appear to be weakening

The Independent UK

Mixed day for global stocks ahead of major central bank moves

Mixed day for global stocks ahead of major central bank moves

New York (AFP) - Wall Street stocks rallied Tuesday on mostly good corporate earnings after a mixed session in overseas markets ahead of key central bank decisions.

Dow Jones Futures Fall After Market Rallies Into Fed Rate Hike; AMD, Snap Are Key Movers

Dow Jones Futures Fall After Market Rallies Into Fed Rate Hike; AMD, Snap Are Key Movers

Stocks rallied into the Fed rate hike decision, amid big earnings and other news. AMD, Snap were key movers late.

Investors Business Daily

US labor costs trail forecasts, adding to slower inflation signs

U.S. employment costs rose at a slower-than-expected pace in the closing months of 2022, adding to signs of moderating inflation that reinforces the case for a smaller interest-rate increase by the Federal Reserve this week.

Tribune News Service

Stocks mixed before fresh rate hikes

Stocks mixed before fresh rate hikes

London (AFP) - Global stock markets diverged on Tuesday as investors digested economic growth data and corporate results ahead of another round of central bank interest rate hikes.

Stock Market Eyes Fear Gauge Ahead Of Fed; This Biotech Nears Major Breakout: AMD Could Sink Chips

Stock Market Eyes Fear Gauge Ahead Of Fed; This Biotech Nears Major Breakout: AMD Could Sink Chips

Nasdaq-100 and IBD 50 component Vertex Pharmaceuticals traded within 25 cents of the 324.85 buy point of a 34-day cup base.

Investors Business Daily

US Fed starts policy meeting with smaller rate hike likely

US Fed starts policy meeting with smaller rate hike likely

Washington (AFP) - US central bankers opened a two-day policy meeting Tuesday on rising expectations that they will slow the pace of interest rate hikes again, as inflation begins to fade.

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Investors Business Daily

Fed Meeting: 'Ongoing Increases' To Follow Latest Rate Hike; S&P 500 Rallies

The Fed meeting statement still sees "ongoing increases" ahead. The S&P 500 held its ground before Fed Chair Jerome Powell's news conference, then powered higher.

The Independent UK

US workers' pay slowed in the final quarter of 2022

Pay and benefits for America’s workers grew at a healthy but more gradual pace in the final three months of 2022, the third straight slowdown that could help reassure the Federal Reserve that wage gains won’t fuel higher inflation

A Fed economist says the Fed is making inequality worse with its interest rate hikes

“Tighter policy…appears to prevent many lower-income families from buying homes,” Fed economist Daniel Ringo explains in a new working paper.

Investors Business Daily

The Fed's New Key Inflation Rate Eased In December; S&P 500 Rises

The inflation rate most closely watched by Fed Chair Jerome Powell eased in December, which is good news for the S&P 500 rally.

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Nasdaq Off To Its Fastest Start Since 2019 — These Stocks Are Leading The Charge

The Nasdaq is up 6.44% in 2023, its best start to a new year since 2019. These are the big Nasdaq winners, including some megacaps.

3 Key Points to Watch in Today’s Market

Every Friday, Steve Reitmeister (Reity) and I sit down to chat about the week and how we're feeling about the stock market (SPY). Normally, the two of us are pretty in sync -- we've both been pretty bearish for months. However last week, it looked like that was starting to…

Larry Summers says the economy is looking good—but a potential pitfall for the Fed could still be the 'greatest tragedy'

It's been all good economic news in recent weeks, but the former Treasury secretary warns the final stretch to fight inflation might be the hardest.

Bullish Vs. Bearish Stock Market...

"Are you actually bullish now?". That was the question I got from StockNews CEO Steve Reitmeister late last week after I published my commentary for my POWR Stocks Under $10 newsletter. Even though he and I differ about our respective stock market (SPY) outlooks from time to time, I think…

Even Larry Summers thinks we might avoid a recession after months of gloomy predictions: 'Soft landings are a triumph of hope over experience, but sometimes hope does triumph'

Former Treasury Secretary Larry Summers said in September that there was a 75% chance of a U.S. recession. But after the latest inflation data, he says he's a little more hopeful.

The Independent UK

Fed's Powell tests positive for COVID, has 'mild' symptoms

Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing “mild symptoms,” the Federal Reserve announced

The Guardian - US

There is no US labor shortage. That’s a myth

There is, however, a shortage of jobs paying sufficient wages to attract workers to fill job openings

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