The Latest Breaking News from US Federal Reserve

The Federal Reserve Board has denied a Wyoming cryptocurrency bank’s application for Federal Reserve System membership

The membership denial is a setback for the crypto bank, but its application for a master account, a means for banks to settle debts without going through intermediaries, is still under consideration.

The medical industry is poised for growth this year, driven by expanding medical needs and increasing federal support. Moreover, the industry is expected to thrive in times of uncertainty due to steady demand. Thus, quality medical stocks McKesson Corp. (MCK) and Cardinal Health (CAH) could be ideal buys this year.…

The Fed’s intention to keep raising interest rates despite the cooling down of inflation could eventually lead to the economy witnessing a recession. Moreover, the World Bank lowered its 2023 global growth forecast by almost half, citing deteriorating economic conditions. Hence, it could be wise to invest in fundamentally sound…

“Nobody realised that I would never see them again. We were just walking and she said ‘go!’. And I went.”

Despite cooling inflation, the Fed’s indication of continuing its hawkish stance and recession concerns could keep the stock market volatile for a while. Against this backdrop, fundamentally sound dividend stocks trading under $200, Johnson & Johnson (JNJ), Archer-Daniels-Midland (ADM), and Acuity Brands (AYI) might be solid buys for investors’ retirement…

The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy

When the Federal Reserve convenes at the end of January 2023 to set interest rates, it will be guided by one key bit of data: the U.S. inflation rate. The problem is, that stat ignores a sizable chunk of the country – rural America.

While the stock market has been in trepidation over a plethora of headwinds, such as weak corporate earnings and Federal debt repayments, stocks such as APA (APA), North American Construction (NOA), and Overseas Shipholding Group (OSG) have shown solid momentum lately and are well-positioned to maintain the same. So, these…

The Fed’s intention to continue raising interest rates, disappointing economic data, and a weak earnings season could keep the stock market highly volatile. Hence, investing in quality stocks Microsoft (MSFT), Johnson (JNJ), and Novartis (NVS) could be safe. Continue reading.

Although inflation is showing signs of cooling, the chances of the economy escaping a recession are slim due to the Fed’s intention to keep raising interest rates. Amid the uncertain economic and market conditions, investing in high dividend-yielding stocks Honda Motor (HMC), Global Partners (GLP), and Karooooo (KARO) could add…