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The Latest Breaking News from US Federal Reserve

Why markets don't believe the Fed on rate cuts

Investors are not buying the idea the Fed won't cut — not even a little bit.

Axios

Federal Reserve’s ‘soft landing’ goal has become bumpier with rate hike plan hit by bank turbulence

Federal Reserve policymakers have targeted a “soft landing” for the U.S. economy since beginning their effort a year ago to tame runaway inflation by hiking interest rates. That is, they believed they could do so without sending the U.S. into recession.

The Conversation

Stocks Rebound as Bank Stocks Stabilize

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.78%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.87%. U.S. stock indexes this morning are moderately higher as...

Barchart

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read the most diverse news in one place.

As Fed Raises Rates 0.25%, Savings Rates Set to Rise, Too

The Federal Reserve raises rates again, this time by a quarter point, bringing the federal funds rate to a target range of 4.75% to 5%. As interest rates rise, savings rates for high-yield savings accounts usually do, too.

Kiplinger

Citi boss blames banking crisis on a few black sheep: ‘This is not a credit crisis’

Silicon Valley Bank and Credit Suisse only really have themselves to blame for their collapse, argued the native Scot.

Fortune

3 Large-Cap Stocks You Can Buy for Under $200

The recent financial turmoil from several bank failures, the Fed’s persistent hawkish stance to battle stubborn inflation, and renewed recession worries have kept the stock market highly volatile lately. Amid this backdrop, investors could consider buying fundamentally sound, large-cap stocks Taiwan Semiconductor (TSM), Johnson & Johnson (JNJ), and Merck (MRK),…

StockNews.com

How US Federal Reserve's decision to raise rates may impact India

NEW DELHI: The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of two US banks.

The Times of India

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3 High-Quality Stocks to Add to Your Watchlist Now

Despite the bank failures, the Fed will likely keep raising interest rates to bring inflation down. This is expected to keep the stock market under pressure. Amid this backdrop, it could be wise for investors to add high-quality stocks Visa (V), Amgen (AMGN), and Box (BOX) to their watchlist. Keep…

StockNews.com

3 Stocks You Shouldn’t Hesitate to Buy Despite Rising Recession Risks

The bank failures and the Fed’s monetary tightening have increased the risk of a recession later this year. This is expected to keep the stock market under pressure. Amid this uncertainty, it could be wise to buy and hold fundamentally strong stocks Oracle (ORCL), CVS Health (CVS), and Humana (HUM)…

StockNews.com

US jobless claims inch down as labor market remains tight

The labor market continues to defy the Federal Reserve’s attempts at loosening it, with U.S. applications for unemployment benefits down again last week and remaining at healthy, historically low levels

The Independent UK

3 Stocks Bargain Hunters Might Want to Hold off on Right Now

US stocks fell after Federal Reserve Chairman Jerome Powell dismissed speculations of rate cuts by policymakers this year. Hence, amid uncertainties, bargain hunters should avoid Mullen Automotive (MULN), Bed Bath & Beyond (BBBY), and Vinco Ventures (BBIG), which are trading at unreasonable prices. Read on.

StockNews.com

European bank shares fall as crisis leaves mark

Banking shares have slipped in Europe as investors adjust to more challenging economic and lending conditions ahead.

The New Daily

Why recent bank failures could lead to a hiring slow down

Companies are taking a wait-and-see approach to hiring after SVB's collapse and the Credit Suisse rescue.

Fortune

After Fed, European central banks hike rates

LONDON: The Bank of England joined Norway and Switzerland in hiking interest rates on Thursday to tackle stubbornly-high inflation, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve.

Bangkok Post

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Kiplinger

3% Mortgage Rates: Gift of a Lifetime or Low-Rate House Arrest?

A homeowner planning to relocate or downsize might find the higher costs related to higher mortgage rates too much of a hurdle to clear. What are their options?

Evening Standard

Interest rates ‘set to be hiked’ by Bank of England on Thursday in fresh blow to homeowners

The Bank of England was expected to hike interest rates for the 11th time in a row on Thursday after a shock resurgence in UK inflation.

Fortune

Moody's Mark Zandi: Fed's rate hike is 'disappointing'

The Federal Reserve risks "raising rates too high too fast," Zandi tweeted. “That will be on them.”

The Guardian - UK

UK interest rates raised to 4.25% by Bank of England, but inflation expected to cool – as it happened

UK central bank sets interest rates at 14-year high after inflation jumped to 10.4% in February

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news in one place.

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The Independent UK

Asian shares mixed after Fed hints rate hikes may end soon

Asian shares are mixed after the Federal Reserve raised a key interest rate, while noting the end may be near for its economy-crunching rate hikes

Chicago Sun-Times

Federal Reserve raises key rate by quarter-point despite banking industry turmoil

Fed Chairman Jerome Powell seeks to reassure Americans that their money was safe after the failure of Silicon Valley Bank, Signature Bank as the Fed continues to fight inflation.

Los Angeles Times

Michael Hiltzik: The Fed's anti-inflation work is almost done, with an assist from the banking crisis

The Federal Reserve Board may owe the banking crisis a thank-you note.

France 24

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.

Zenger

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.

Kiplinger

Best 5-Year CD Rates for July 2023

Here are the best 5-year CD rates as the Fed continues its campaign to raise interest rates to try to combat inflation.

Bangkok Post

World faces prospect of financial tumult

Today, I was supposed to present the third article, Managing Household Debt, in the series "Changing Thailand". In fact, I have finished drafting a payment reduction model which could reduce monthly debt payments by 4.6 times without the hair-cutting debt principal or requiring government financial support. But I will delay…

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