The Latest Breaking News from US Federal Reserve

The Fed suggests that it is not likely to cut rates further unless the jobs market weakens more.

The Federal Reserve recently approved a 75-basis-point rate hike for the fourth straight meeting, paving the way for interest rates to reach 5% by March 2023. With increasing borrowing costs and softening demand hurting high-debt businesses, it is likely to be a treacherous terrain for fundamentally weak stocks. Thus, it…

The Federal Reserve announced its fourth consecutive 75-bps rate hike yesterday. As the chances of the economy falling into a recession are tightening, fundamentally strong and resilient stocks Merck & Co (MRK), Biogen (BIIB), and Kroger (KR), which are rated Strong Buy in our proprietary rating system, could be safe…

U.S. initial jobless claims ticked lower last week, but not by much. Unemployment insurance filings still remain near historically low levels.

Markets whipsawed in the aftermath of another 0.75 percentage point rate hike on Wednesday.

The average interest rate for a new U.S. 30-year fixed-rate mortgage topped 7% in late October 2022 for the first time in more than two decades. It’s a sharp increase from one year earlier, when lenders were charging homebuyers only 3.09% for the same kind of loan.

The U.S. index futures are pointing to a lackluster start on Wall Street Thursday, as rate worries linger. On Wednesday, the major averages experienced a bout of volatility in the aftermath of the Fed decision and closed notably lower. The market showed tentativeness in the run up to the Fed…

Asian stock markets have sunk after the Federal Reserve added to fears of a possible recession by saying it wasn’t finished raising U.S. interest rates to cool inflation

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