The Latest Breaking News from Jerome Powell

Asian stock markets are lower ahead of a U.S. inflation update that traders worry might lead to more interest rate hikes

Despite the cooling down of inflation, the January job surge might prompt the Fed to raise interest rates higher than expected by the end of the year. And progressive rate hikes could push the economy into a recession. Amid growing recession fears, investors could consider buying fundamentally strong stocks Walmart…

The CEO of the world’s most valuable bank, JPMorgan, warns pricing pressure may prove stickier than many investors believe.

Canadian e-commerce major Shopify’s (SHOP) shares have gained more than 40% this year on the news of hiking prices for its plans. With inflation remaining high and the Fed open to raising interest rates beyond its predicted range, is the stock a buy now? Read on to learn our view….

Despite eased inflation, the robust jobs report raised the prospect of progressive rate hikes. With anxiety escalating about the possibility of a Fed-induced recession, the market volatility is expected to remain elevated in the near future. Hence, investors could consider fundamentally sound and stable stocks Novartis (NVS), Descartes Systems (DSGX),…

Despite showing signs of cooling, inflation is still well above the Fed’s 2% target. Moreover, January’s strong jobs report may encourage the Fed to raise interest rates even further, keeping the stock market highly volatile in the near term. Amid an uncertain macro environment, it could be wise to buy…

With the market relapsing into a fresh bout of the volatility after estimate-crushing employment numbers, high dividend-yielding and fundamentally sound stock Gilead Sciences (GILD) could help investors secure a steady income stream. Read on….

With the U.S. economy adding significantly higher jobs than expected in January, the Fed could be prompted to raise the benchmark interest rates higher than projected. Amid this uncertainty, it could be prudent to buy less volatile and solid dividend-paying stocks such as KT Corporation (KT), Weis Markets (WMK), and…

India is the third largest oil consumer in the world and accounts for 30 percent of global consumption, announced Indian Energy Minister Hardeep Singh Puri. The Minister asserted that India diversified its sources of energy imports but would continue to buy most of its oil from the Middle East for…

Mr Powell claims that he makes around $190,000, but others aren’t so sure

Despite recent signs of moderation in inflation, the better-than-expected January jobs data could force the Fed to raise interest rates even further. This is expected to keep the stock market highly volatile in the near term. Given a volatile market backdrop, investing in high-quality stocks AbbVie (ABBV), Cintas (CTAS), and…