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The Latest Breaking News from US Federal Reserve

KB Home, Darden Restaurants And Other Big Losers From Thursday

U.S. stocks closed lower with the Dow Jones dropping more than 100 points on Thursday. Here is the list of some big stocks recording losses in the previous session.

Benzinga

Jonathan Levin: Fed splits the difference on labor market pain

The Federal Reserve is inching toward acknowledging how painful its inflation fight is likely to be, but it’s still a lot closer to the optimists than the pessimists.

Tribune News Service

Asian stocks slide for 3rd day on economic growth fears

Asian stocks fell for a third day Friday after unusually large interest rate hikes by the Federal Reserve and other central banks to control inflation spurred fears of a possible global recession

The Independent UK

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Unprecedented events creating ‘extremely severe’ risk of global recession – economist Adam Tooze

Economic historian says Australia will largely be fine, as long as China pulls off biggest financial feat the world has ever seen

The Guardian - AU

ASX passes two-month low on US Fed's hawkish stance; banks, tech stocks weigh

Australian shares hit a more than two-month low, as investors returning to trading after a one-day holiday exit riskier assets following the US Federal Reserve reiterating its hawkish monetary policy outlook to fight soaring inflation.

ABC News

Asian bourses slip after Fed hike

Many Asian stock exchanges deepened their losses on Thursday as currencies tanked after the US Federal Reserve delivered a third consecutive 75-basis-point interest rate cut overnight and signalled more to come through next year, sparking fears of recession.

Bangkok Post

3 Stocks You Could Take Position in This Week

Recession fears have been mounting as the Fed maintains its aggressive monetary policy stance to bring inflation under control. While the market is expected to remain uncertain in the near term, we think it could be wise to add fundamentally sound stocks Genuine Parts Company (GPC), Albertsons Companies (ACI), and…

StockNews.com

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2 Stocks with Too Much Downside Risk to Buy Now

The Fed’s hawkishness and mounting recession fears are expected to keep the stock market under pressure. Amid this backdrop, it could be wise to avoid fundamentally weak stocks Carvana (CVNA) and Peloton Interactive (PTON), which possess significant downside risks. Continue reading….

StockNews.com

Central banks worldwide tighten policies to cool inflation

The U.S. Federal Reserve has been the most aggressive in using interest rate hikes to cool inflation that is battering both households and businesses this year

The Independent UK

Average US long-term mortgage rates climb to 6.29% this week

Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2007, a result of the Federal Reserve’s intensified effort to tamp down decades-high inflation and cool the economy

The Independent UK

More Americans apply for jobless aid

The number of Americans filing for jobless benefits rose slightly last week despite the Federal Reserve’s year-long battle against inflation that’s intended to cool the economy and the tight labor market

The Independent UK

Sensex tumbles 337 points post US Federal Reserve rate hike; FMCG companies buck trend

MUMBAI: Equity benchmarks retreated for the second session on the trot on Thursday, in lockstep with a bearish trend overseas after the US Federal Reserve increased interest rates by 75 basis points and projected more rate hikes to quell scorching inflation.

The Times of India

Microsoft, Google, Meta Have All Dropped Below June Lows But These 2 Big Tech Stocks Are Holding Up

Most big techs are now trading below their June lows, dragged by macro concerns, which have not spared the broader market either. Techs have led the market sell-off once again and this is evident from their relative underperformance versus the broader market.

Benzinga

Interest rate hike points to the Bank keeping its foot firmly on the brake

The half-point rise wasn’t the limit of the measures announced by a central bank accused – until now – of acting too slowly on inflation

The Guardian - UK

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Benzinga

US Stocks Could Remain Jittery Thursday Over Fed Rate Hike As S&P 500, Nasdaq Futures See Volatility — McDonald's In Focus

The major U.S. index futures are flatlining, as traders are digesting the implication of the Fed's policy statement and a couple of interest rate decisions from Japan and the United Kingdom.

France 24

As Federal Reserve raises rates, Bank of Japan stays put

Many central banks around the world are following the lead of the US Federal Reserve and raising their benchmark interest rates in order to rein in inflation. The Bank of Japan, however, is marching to the beat of its own drum. At a policy meeting this Thursday, the bank maintained…

The Independent UK

Bank of England poised for another big interest rate hike

Britain’s central bank is under pressure make another big interest rate hike Thursday

The Independent UK

Swiss central bank enacts biggest-ever hike to key rate

Switzerland’s central bank has carried out the biggest hike ever to its key interest rate in an effort to clamp down on inflation

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Tribune News Service

Commentary: The Fed’s monetary malpractice will cost you

The goal of the latest interest rate hike from the Federal Reserve? To avoid a deep recession “by acting with resolve now,” according to Fed Chairman Jerome Powell. But if history is any guide, this is a case of too little, too late.

The Guardian - UK

Bank of England says UK in recession as it raises interest rates to 14-year high of 2.25% – business live

UK central bank predicts economy shrank for second quarter in a row, after shops closed and many stayed at home for Queen Elizabeth II’s state funeral

The Independent UK

Asia stocks follow Wall Street down as Fed fights inflation

Asian stock markets have followed Wall Street lower after the Federal Reserve delivered another big interest rate hike and raised its outlook for more to cool galloping inflation

The Independent UK

AP News Digest 3:20 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

Asharq Al-Awsat

Oil Rises as Supply Fears Overtake Recession Worries

Oil rebounded on Thursday after sliding 1% in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession. Brent crude futures rose 50 cents, or 0.6%, to $90.33 per barrel by 0319 GMT, recouping their losses in early Asia trade.

The Independent UK

Powell's stark message: Inflation fight may cause recession

The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession

Al Jazeera

Hong Kong raises benchmark interest rate to 14-year high

Financial hub’s de facto central bank lifts key rate to 3.5 percent after latest rate hike in the United States.

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