The Latest Breaking News from US Federal Reserve

The Fed says it needs congressional support to issue a digital currency, but it's unclear whether it has to be in the form of legislation.

Stocks are mostly higher in Asia, tracking the latest rally on Wall Street

The market volatility and odds of a recession are perpetually increasing with every update on inflation numbers and consequent aggressive interest rate hikes by the Fed. Hence, it could be wise to load up on attractively priced shares of businesses with robust demand and a stable growth trajectory. Microsoft (MSFT)…

With the Federal Reserve seemingly on track to approve another 75-basis-point interest rate hike in its meeting next month, financial stocks are well-positioned to benefit through increased interest income. Hence, investing in the fundamentally sound financial stock CURO Group Holdings (CURO) could be wise. However, struggling industry participant PayPal Holdings…

With inflation showing no sign of cooling down, the Fed is expected to continue with its rate hikes, raising the chances of a recession. Healthcare stocks have historically provided a cushion in such hazy times. Hence, fundamentally robust stocks Johnson & Johnson (JNJ) and Pfizer (PFE) might be safe additions…

The red-hot inflation is increasing the odds of continued rate hikes by the Fed. Since the market is expected to remain under pressure on recession fears, it could be wise to invest in fundamentally sound stocks Comcast Corporation (CMCSA), GSK (GSK), and Masonite International (DOOR), which have been recently upgraded…

Online banks have been increasing interest rates for savings accounts during most of the year, following the lead of the Federal Reserve to combat surging inflation with rising rates. But if your money is only earning the national average — or less — elsewhere, then you’re likely not maximizing your…

Bank of America Corp (NYSE: BAC) was out Monday with its current asset quality ratings.

Financial services providers usually benefit from a rising interest rate environment due to the positive correlation of their revenues with interest rates. However, financial services stocks SoFi Technologies (SOFI), Upstart Holdings (UPST), and Marathon Digital (MARA) are not well-positioned to capitalize on the current interest rate environment. One should avoid…

Inflation is still running near the highest levels since 1980, despite Fed’s aggressive efforts to tame it. Although economic uncertainties are rising, staying invested and focusing on long-term strategies could be wise. We believe fundamentally solid stocks Microsoft (MSFT), Abbott Laboratories (ABT), and Kroger (KR) could be ideal buys to…

Another hot consumer price index (CPI) reading for September means the Federal Reserve will continue to aggressively tighten monetary policy for the time being.