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The Latest Breaking News from Jerome Powell

US stocks retreat as Fed says more work to do to counter inflation

New York (AFP) - US stocks declined along with the dollar on Wednesday after the Federal Reserve lifted interest rates again and signaled that it expects more hikes ahead.

AFP

Dow Jones Futures Signal More Losses On Fed Rate Hike Outlook; Elon Musk Sells More Tesla Stock

Futures signal more losses on the Fed's rate hike outlook. Elon Musk disclosed more Tesla stock sales as shares plunge to two-year lows.

Investors Business Daily

US Fed downshifts campaign to tame inflation but still 'some ways to go'

Washington (AFP) - The Federal Reserve moderated its all-out campaign to cool US inflation Wednesday, lifting the benchmark lending rate by a half percentage point though warning there is still "some ways to go."

AFP

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Markets fall as Fed raises interest rate by half a point

Fed chair Jerome Powell signalled further pain was in store for the stock market as inflation remains stubbornly high

The Independent UK

Fed hikes key rate by half-point and signals more to come

The Federal Reserve reinforced its inflation fight by raising its key interest rate for the seventh time this year.

Chicago Sun-Times

Powell says Fed still has a ‘ways to go’ after half-point hike

Chair Jerome Powell said the Federal Reserve is not close to ending its anti-inflation campaign of interest-rate increases as officials signaled borrowing costs will head higher than investors expect next year.

Tribune News Service

US Fed downshifts all-out campaign to tame inflation

Washington (AFP) - The Federal Reserve moderated its all-out campaign to cool US inflation Wednesday, lifting the benchmark lending rate by a half percentage point as its policy actions ripple through the economy.

AFP

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The Fed continues its crackdown on inflation, pushing up interest rates again

The Federal Reserve raised interest rates by half a percentage point Wednesday, which was a smaller increase than the four previous hikes.

WEKU

Markets muted before expected US rate hike

London (AFP) - Caution reigned on stock markets on Wednesday ahead of an expected interest rate hike from the Federal Reserve as inflation remains at decade-high levels despite moderate slowdowns.

AFP

Stock Market Live: Stocks End Lower On Fed Rate Hike, Hawkish Signals

The Fed's closely-tracked 'dot plot' projections see rate hikes peaking at 5.1% in the spring, and staying there until the end of 2023.

The Street

Dow Jones Rises Ahead Of Fed Rate Hike, Powell Comments; Best Buy Drops On Downgrade

The Dow Jones rose Wednesday ahead of the Fed's rate hike decision and Fed Chair Jerome Powell's comments. Tesla continues to drop.

Investors Business Daily

Fed Meeting: Key Interest Rate May Hit 5.1% In Mildly Hawkish Surprise; S&P 500 Falls

The Fed meeting signaled that policymakers plan to hike their key interest rate higher than expected in a test for the S&P 500 rally. Stocks dived, then slashed losses.

Investors Business Daily

Stocks diverge before expected US rate hike

London (AFP) - Global stock markets diverged Wednesday, with Asia rising and Europe falling before an expected interest rate hike from the Federal Reserve, with inflation around the highest levels in decades despite moderate slowdowns.

AFP

Fed Preview: Powell To Play Spoiler As Bulls Tease Rate Cut Bets Amid Slowing Inflation, Recession Fears

Fed Chair Jerome Powell could reprise his role as chief market spoiler Wednesday as markets tease bets on 2023 rate cuts amid a sustained pullback in inflation pressures.

The Street

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The Independent UK

Fed set to extend inflation fight with 7th rate hike of 2022

After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialing back its efforts to combat inflation

AFP

Asian markets extend US rally after inflation boost, eyes on Fed

Hong Kong (AFP) - Asian markets rose Wednesday and the dollar struggled to recover as investors welcomed softer-than-expected US inflation data that could allow the Federal Reserve to slow down its pace of interest rate hikes.

AFP

US Fed expected to slow pace of rate hikes as inflation eases

Washington (AFP) - US central bankers opened the second day of a key policy meeting Wednesday, with growing anticipation of a smaller hike to the Fed's benchmark lending rate as surging inflation shows signs of easing.

Tribune News Service

US core inflation slows, giving Fed some breathing room on rates

WASHINGTON — A key gauge of U.S. consumer prices posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes.

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Investors Business Daily

Fed Rate Hike Looms After Market Rally Fizzles; Tesla Stock Hits New Lows As Elon Musk Admits This

A Fed rate hike looms after Tuesday's rally on tame inflation data fizzled. Tesla stock hit new lows as Elon Musk sees "macroeconomic tides."

Ballotpedia

Vanguard announces exit from net zero climate investment alliance

On December 2, the Federal Reserve’s board of governors released its proposed rule on climate risks for big banks, including its proposed environmental stress tests. The board asked for public comments:

Fortune

'Santa is coming after all': Investors celebrate a cooler-than-expected inflation report

Experts say inflation has peaked and that the Federal Reserve’s interest rate hikes may end soon. Should investors jump into stocks? Or is it a trap?

Tribune News Service

US inflation relief is finally happening, putting Fed pause in view

U.S. inflation data offered the strongest evidence yet that price pressures have peaked, cheering financial markets and putting a pause from the Federal Reserve’s interest-rate hikes in view.

The Independent UK

US inflation slowed sharply to 7.1% over past 12 months

It was the fifth straight slowdown

Investors Business Daily

CPI Inflation Rate Dives, Lifting S&P 500; But Will The Fed Care?

The CPI inflation rate dived to a 12-month low. The S&P 500 surged on the news, but faded. The Fed, focused on wage growth, will keep hiking.

The Guardian - US

US cost of living continues to rise but inflation appears to finally be slowing

Latest consumer price index figures showed prices rising by 7.1% from last November, down from 40-year high of 9.1% in June

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