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The Latest Breaking News from Jerome Powell

Powell signals more pain to come with Fed sending rates higher

Federal Reserve Chair Jerome Powell vowed officials would crush inflation after they raised interest rates by 75 basis points for a third straight time and signaled even more aggressive hikes ahead than investors had expected.

Tribune News Service

Fed raises interest rate by 0.75 percentage points as US seeks to rein in inflation

Third outsized rate increase in a row as central bank struggles to fight runaway inflation, increasing the cost of everything

The Guardian - US

Fed raises rates 0.75 percentage points, signals more to come

New forecasts show the central bank envisions a weaker economy in the coming years.

Axios

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Stocks advance ahead of US rate hike

London (AFP) - Stock markets pushed higher Wednesday as traders awaited another hefty US interest rate hike from the Federal Reserve.

AFP

US Stocks Open Higher Ahead Of Fed Decision, Dow Jumps 175 Points

U.S. stocks traded higher this morning, with the Dow Jones gaining around 175 points on Wednesday. The Federal Reserve will announce its policy decision at 2:00 p.m. ET. The country’s central bank is widely expected to raise interest rates by 75 bps at the meeting. Fed Chairman Jerome Powell will…

Benzinga

Stocks advance before US rate hike

London (AFP) - Stock markets pushed higher Wednesday as traders awaited another hefty US interest rate hike from the Federal Reserve.

AFP

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

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Dow Jones Rises Ahead Of Fed Decision, Powell Comments

The Dow Jones Industrial Average rose Wednesday ahead of the Federal Reserve's interest rate decision and Fed chief Powell's press conference.

Investors Business Daily

Stocks recover before US rate hike

London (AFP) - European stock markets recovered from initial falls Wednesday, as traders awaited another hefty US interest rate hike from the Federal Reserve.

AFP

Fed Preview: Powell's Soft Landing Plans Still Require 'Pain', More Big Rate Hikes

The price of taming the fastest inflation in four decades will cause "some pain" for the world's biggest economy. But can the Fed hold its rate path if the economy slips into recession?

The Street

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

Stocks Edge Higher, Fed In Focus, Beyond Meat, Gas Prices, Stitch Fix - Five Things To Know

Stock futures edge higher with Fed in sharp focus; Powell to clarify fed rate path as inflation debate rages; Gas prices rise, ending 99 day streak of declines, as oil jumps; Beyond meat suspends executive after weekend arrest in Arkansas and Stitch Fix shares dive after Q4 loss, muted sales…

The Street

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

Markets drop as Fed hike looms, Putin move lifts dollar and oil

Hong Kong (AFP) - Stocks fell Wednesday ahead of what many expect to be a third successive jumbo rate hike by the Federal Reserve, while the dollar hit fresh multi-decade highs against the pound and euro after Russia stepped up its war in Ukraine.

AFP

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The Independent UK

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 Guardian - US

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

AFP

US Fed set to raise interest rates as recession fears mount

Washington (AFP) - The Federal Reserve opened its second day of deliberations Wednesday that are expected to produce another big increase in interest rates as it tries to cool the economy to tamp down the highest inflation in 40 years, but recession fears are rising.

The Independent UK

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.

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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

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

AFP

Asian traders resume selling as another jumbo Fed hike looms

Hong Kong (AFP) - Asian markets resumed their downward spiral Wednesday after a brief respite the previous day, as traders prepared for what many expect to be a third successive jumbo interest rate hike by the Federal Reserve.

Investors Business Daily

Dow Jones Futures Rise: Fed Rate Hike Looms, But This Is What Matters; Tesla Flirts With Buy Points

At least the stock market isn't rallying into the Fed meeting. Expect another 75-basis-point rate hike, with more to come. Tesla stock flirted with buy points.

AFP

US Fed opens policy meeting with steep rate hike on the table

Washington (AFP) - US central bankers opened their two-day policy meeting on Tuesday with another steep interest rate hike seen as a near certainty amid stubbornly high inflation.

Investors Business Daily

Today's Fed Meeting: Confirming The S&P 500 Bear Market Case

Fed policymakers face an easy call: Confirm the bad news markets are coming to terms with, or give the S&P 500 reason to rally.

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.”

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