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The Latest Breaking News from US Federal Reserve

NEW YORK: US inflation jumped more than expected in September, according to government data released on Thursday, in the latest sign that pricing pressures have become more intractable despite aggressive central bank action.

Bangkok Post

Core US inflation rises to 40-year high, securing big Fed hike

WASHINGTON: A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation before it becomes entrenched.

The Times of India

US prices rise in September as midterm elections loom

Inflation rate stubbornness will likely spark a further increase to interest rates which could come in early November

The Guardian - US

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September Inflation Runs Hot At 8.2%, Sending Stocks Spiraling Lower: What You Need To Know

The SPDR S&P 500 (NYSE: SPY) turned negative premarket Thursday after the Labor Department reported an 8.2% year-over-year increase in the consumer price index for September, a potential sign that

Benzinga

US Federal Reserve expected to stay the course as US consumer prices set to remain high in September

US Consumer Price data for the month of September will be released later this Thursday, and is expected to stay high. Core prices, which exclude food and energy, are expected to have increased 6.5 percent annually last month, a rate not seen in 40 years. The data will be crucial…

France 24

Pound and UK government bonds rally on rumours of more mini-budget U-turns – as it happened

US core inflation hits a 40-year high, triggering expectations of more big rate hikes, as Kwarteng meets IMF leaders in Washington

The Guardian - UK

FTSE 100 Live: Blue-chip index at 18-month low, pound moves back toward $1.13

UK-focused shares are expected to continue their rebound today as hopes grow for a u-turn on some of the tax cuts in chancellor Kwasi Kwarteng’s recent mini-Budget.

Evening Standard

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Asian stocks fall ahead of US inflation update

Asian stock markets have fallen ahead of the release of U.S. consumer price data that investors worry will show inflation still is hot, reinforcing the Federal Reserve’s plans for more aggressive interest rate hikes

The Independent UK

Bitcoin, Ethereum Gain, Dogecoin Down After Fed Minutes: Analyst Says 'Quiet Period For Crypto About To End'

Bitcoin and Ethereum were seen trading in the green on Wednesday evening as the global cryptocurrency market cap stayed largely flat at $921.5 billion at 9:16 p.m. EDT.

Benzinga

The Fed Is Skating To Where The Puck Was: Comparisons To Volcker's 1980s Inflation Are 'Conceptually Wrong,' Says This Economist

Unbeknownst to many, the gift for the 43rd anniversary of marriage is entertainment; to stretch it further, this fall marks the 43rd anniversary of a pivotal event in the history of the Federal Reserve and the U.S. economy.

Benzinga

3 Stocks You Shouldn't Spend Your Money on Right Now

With inflation far from the Fed’s control and the job market's resilience, analysts believe the central bank will continue its aggressive interest rate hikes. With mounting recession fears and ongoing market volatility, we believe it could be wise to avoid fundamentally-weak stocks Block Inc. (SQ), Marathon Digital (MARA), and Riot…

StockNews.com

Fed Minutes Warn Investors Interest Rates May Be Higher For Longer

Inflation remains the central bank's top priority, according to the September meeting minutes released Wednesday by the Federal Open Market Committee.

Benzinga

Silver Drops Sharply; Owens & Minor Shares Slide

U.S. stocks traded mostly higher toward the end of trading, following the release of PPI data for September.

Benzinga

Fed voiced determination at last meeting to curb inflation

Federal Reserve officials at their last meeting stressed their commitment to taming “unacceptably high’’ inflation before announcing that they were raising their benchmark interest rate by a substantial three-quarters of a point for a third straight time and signaling more large rate hikes ahead

The Independent UK

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The Independent UK

Yellen says U.S. economy 'resilient' amid global headwinds

U_S_ Treasury Secretary Janet Yellen is seeking to project confidence in the U_S_ financial outlook while pledging vigilance in responding to “risks on the horizon.”

Tribune News Service

Survey: Experts see massive hiring slowdown and surging unemployment a year from now

Employers have added 3.5 million jobs so far this year, among the fastest pace in 28 years and a remarkable feat considering the number of headwinds powerful enough to knock hiring off course — from boiling inflation to the fastest Federal Reserve rate hikes in four decades.

Tribune News Service

Survey: Fed’s inflation fight will take interest rates to highest since 2007

The Federal Reserve is expected to lift interest rates to the highest level since 2007 in its intense quest to battle the hottest price surge in four decades, according to the nation’s top economists.

Benzinga

Analysis: Why Investors Should Hope Jamie Dimon Is Wrong Again About The Markets

On Monday, the CEO of one of the biggest banks in the world, Jamie Dimon of JPMorgan & Chase Co (NYSE: JPM) made a bearish statement

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StockNews.com

2 Stocks You'll Wish You Bought a Lot Earlier

The Fed's consistent rate hikes have wreaked havoc across markets. However, fundamentally solid stocks Pfizer (PFE) and CVS Health (CVS) survived the market volatility pretty well. While these stocks are good additions to your portfolio, you would have benefited more had you invested in them earlier. Read on….

StockNews.com

5 Stocks Investors Can Count on in a Bear Market

The stock market is expected to remain under pressure as the Fed continues its hawkish stance to fight inflation. Moreover, the International Monetary Fund has recently warned of elevated global financial stability risk. We think fundamentally solid stocks UnitedHealth Group (UNH), Walmart (WMT), AbbVie (ABBV), Coca-Cola Company (KO), and Dollar…

The Guardian - AU

As IMF alarm bells ring, Australia is stuck between inflation and a looming global recession

Limp growth would normally require fiscal stimulus, yet concerns about inflation mean we’re unlikely to see a big-spending budget

WEKU

Money is 'A Made Up Thing' — but that doesn't change rising inflation

Author and podcaster Jacob Goldstein says we don't think of money as a technology, but we should. He traces the first paper currency to China's Sichuan province, and ponders the Fed's next move.

Benzinga

Inflation Is Still Running Hot As US Producer Prices Rise: What You Need To Know

U.S. producer prices jumped more than economists had expected last month despite the Federal Reserve's aggressive response to runaway inflation. What Happened:

Benzinga

Nasdaq Edges Lower; Crude Oil Down 2%

U.S. stocks traded mixed midway through trading, with the Dow Jones gaining more than 100 points on Wednesday.

Wales Online

Economists fire back after Rees-Mogg tries to pin blame on others for mini-budget chaos

Senior Conservative says it was all down to Bank of England’s failure to raise interest rates in line with the US

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