The Latest Breaking News from US Federal Reserve

Despite a recent relief rally in Cathie Wood’s ETFs, more trouble awaits her funds since the Fed seems yet to be done with its rate hikes. Given the fundamental weakness and stretched valuations, it could be wise to avoid stocks Coinbase (COIN) and Rocket Lab (RKLB) that Cathie Wood is…

Chinese President Xi Jinping on Tuesday asked the G20 wealthy nations to contain the fallout from interest rate hikes, as the US Federal Reserve moves aggressively to fight inflation. He also cautioned that drawing ideological lines obstructs the advancement of humankind. "We must contain global inflation and resolve systematic risks…

Traders keep not understanding the seriousness of the Fed in fighting inflation. This is why we had a big summer rally that ended with stocks (SPY) making new lows. And that is why traders misunderstood the 11/2 Fed statement leading to a rally before Chairman Powell spoke and reminded people…

The top U.S. banking regulator at the Federal Reserve is urging Congress to pass legislation that would impose regulation on crypto currencies

Australian stocks ended in the red as Wall Street assesses where official US interest rates are going, and the Reserve Bank says its has suffered reputational damage over interest rate forecasts. CBA makes multi-billion dollar first quarter profit.

With inflation showing signs of slowing down, markets have been buoyed by expectations of a softening monetary stance by the Fed. Hence, it could be opportune to invest in fundamentally strong stocks AT&T (T) and McKesson (MCK) with enough headroom to grow. Read on….

The high inflation and the Fed’s aggressive rate hikes have eroded consumer confidence. However, the retail industry is witnessing stable growth despite the macro headwinds. Therefore, fundamentally strong retail stocks, Kroger (KR), Albertsons Companies (ACI), and Casey’s General Stores (CASY), could be valuable additions to your portfolio now. Keep reading….

Federal Reserve Vice Chair Lael Brainard said she was encouraged by last week’s U.S. inflation report, which pointed to slower price increases, and said the Fed would likely soon reduce the size of its interest rate hikes

As the Fed approved its fourth supersized rate hike early this month, consumer sentiment is slightly worse for the month and the near future. Moreover, the IMF issued a gloomier outlook for the global economy. Therefore, fundamentally solid stocks Bristol-Myers Squibb (BMY), Cigna Corporation (CI), and J.Jill (JILL) could be…

Inflation is a hot-button issue, and its political fallout can be huge. Some think that the hyperinflation during Germany’s Weimar Republic in the 1920s — when, at a trillion to the dollar, the German mark literally was not worth the paper it was printed on — contributed to the rise…

Credit card debt grew moderately in September, as gas prices continued to decline. While inflation remained an issue impacting consumers, rising 8.2 percent over the year for September, gas prices were down 4.9 percent from August. This follows August’s month-over-month 10.6 percent downslide in gas prices.