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The Latest Breaking News from US Federal Reserve

US payrolls top estimates, wages cool in mixed signal for Fed

U.S. payrolls rose in February by more than expected while a broad measure of monthly wage growth slowed, offering a mixed picture as the Federal Reserve considers whether to step up the pace of interest-rate hikes.

Tribune News Service

The 3 Best Large-Cap Stocks to Buy in 2023

The Fed’s commitment to tame the high inflation with interest rate hikes might trigger a recession this year. Given the macroeconomic uncertainties, fundamentally sound large-cap stocks, UnitedHealth Group (UNH), Walmart (WMT) and Cisco Systems (CSCO) might be ideal investments now. Keep reading.

StockNews.com

3 Dow Stocks to Buy More of in March 2023

With the Fed keen on further interest rate hikes this year, the stock market will likely remain under pressure. Amid this backdrop, it could be wise for investors to buy fundamentally strong Dow stocks like Verizon Communications (VZ), Amgen (AMGN), and International Business Machines (IBM). Read more….

StockNews.com

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The job market slowed last month, but it's still too hot to ease inflation fears

U.S. employers added 311,000 jobs in February, only a modest slowdown from the previous month, indicating the labor market remains hot. The unemployment rate rose to 3.6% from 3.4% in January.

WEKU

US hiring boom continued in February with 311,000 added jobs

Number is lower than January’s 504,000 jobs but comes as Fed signals aggressive interest rate hikes in bid to tame inflation

The Guardian - US

3 Powerhouse Stocks to Buy in 2023

As the Fed is expected to raise interest rates higher than expected, the revived recession fears will keep the stock market under pressure in the upcoming months. Thus, it could be wise to scoop up shares of high-quality businesses, such as Johnson & Johnson (JNJ), Humana Inc. (HUM), and AutoZone,…

StockNews.com

The Week Ahead: As inflation simmers and interest rates rise, investors stew

The final datapoint to lock in the market’s expectation for the Federal Reserve’s next interest rate move comes on Tuesday in the week ahead.

Miami Herald

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Oil Headed for Worst Weekly Drop since Feb on US Slowdown Fears

Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about the prospect of steep interest rate hikes in the United States slowing economic growth and hitting fuel demand. Brent dipped 39 cents, or 0.5%, to $81.20 a barrel by 0745…

Asharq Al-Awsat

Asian stocks follow Wall St lower ahead of US jobs update

Asian stock markets have followed Wall Street lower ahead of an update on United States employment amid worries about possible further interest rate hikes

The Independent UK

Is inflation still surging? Jobs report will provide clues

A month ago, the government dropped a bombshell jobs report that showed that America’s employers added a sizzling half-million-plus positions in January — twice the December gain and far more than economists had expected

The Independent UK

When Is the Next Fed Meeting?

Markets expect interest rates to remain unchanged at the next Fed meeting.

Kiplinger

Congress must pass stablecoin legislation, top crypto group tells lawmakers

The letter comes ahead of a pivotal congressional hearing on Thursday.

Fortune

US household net worth increased in fourth quarter on stock values

U.S. household net worth increased in the fourth quarter as a gain in the value of equity holdings more than offset weakness in real estate.

Tribune News Service

Want Passive Income? Buy These 4 Stocks

Powell's testimony to keep the interest rates higher if required has created chaos in the markets, with the U.S. jobs report looming large for the future of monetary policy. Given the volatile market backdrop, fundamentally sound dividend-paying stocks AbbVie (ABBV), Cisco Systems (CSCO), Westlake Chemical Partners (WLKP), and Spok Holdings…

StockNews.com

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Fortune

Top Fed official compares crypto assets to tulip frenzy

Michael Barr called for crypto guardrails in a speech at the Peterson Institute for International Economics.

Fortune

The billionaire cofounder of Home Depot compares the Fed to ‘the gang that can’t shoot straight’ and says the coming crash is ‘not going to be pretty’

“My problem with the Fed, overall, is there’s too many academics in the mix,” Ken Langone said Wednesday.

Fortune

Wharton professor Jeremy Siegel says the Fed’s rate hikes and ‘monomaniacal’ focus on the labor market are ‘misguided’: ‘Workers are way behind’

Siegel says workers’ wage growth has been “way behind” historical norms and inflation is already fading, which means the Fed’s rate hikes are a mistake.

StockNews.com

2 Insanely Expensive Stocks to Avoid in 2023

The recent hawkish comments from Fed chair Powell have increased expectations of more interest rate hikes this year. Economists believe that aggressive rate hikes will eventually lead to a recession. Amid an uncertain macroeconomic backdrop, it could be wise to avoid pricey stocks Take-Two Interactive Software (TTWO) and SVB Financial…

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The Independent UK

Average US mortgage rate up for fifth straight week to 6.73%

The average long-term U.S. mortgage rate rose for the fifth straight week to its highest level since breaching 7% in November, just as the spring buying season gets ready to kick off

StockNews.com

Is It Finally Time to Sell This Cruise Line Stock?

While Carnival (CCL) has been able to stage a post-pandemic recovery, it is yet to return to profitability like many of its peers. With high inflation, rising interest rates, fears of recession, and unenviable unit economics let’s find out if the cruise line stock would struggle to keep itself afloat.…

StockNews.com

3 Stocks Every Investor Should Own

The Fed’s commitment to tame the sticky inflation is feared to trigger an economic slowdown in the near term. Amid such concerns, investors’ anxiety has been rising. Against this backdrop, quality stocks Novo Nordisk (NVO), Altria Group (MO), and Cardinal Health (CAH) might be owned by every trader at least…

StockNews.com

2 Best ETFs for March 2023

Rising consumer spending amid high prices and a strong job market is expected to keep the stock market volatile for quite some time. Against this backdrop, quality ETFs Vanguard S&P 500 ETF (VOO) and SPDR S&P MIDCAP 400 ETF Trust (MDY) might be wise additions for March 2023. Read on….

StockNews.com

2 Penny Stocks Worth Betting on in 2023

With inflation still high and the jobs market showing resiliency, the Fed will likely raise interest rates higher than anticipated. This might push the economy into a recession. Despite the uncertainties, investing in fundamentally strong penny stocks Nokia (NOK) and trivago (TRVG) could be worth it now. Keep reading.

StockNews.com

2 Stocks That Could Help You Become a Millionaire

The Fed’s hawkish stance to tame the stubbornly high inflation and lingering recession fears has weighed significantly on investors’ sentiments. Therefore, investors could consider buying fundamentally strong stocks, UnitedHealth Group (UNH) and McKesson (MCK), which look poised to deliver solid returns irrespective of market conditions. Keep reading.

Fortune

World’s largest asset manager warns Fed may not stop hiking until rates hit 6%

Should BlackRock’s prediction prove true, borrowing costs would hit their highest level since 2001.

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