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The Latest Breaking News from US Federal Reserve

Wall Street sees biggest sell-off since June 2020 on back of US inflation data

A slight increase in US consumer prices for the month of August has ignited fears of more Federal Reserve moves to curb inflation. An earlier drop in US markets had a knock-on effect on Asian marketplaces this Wednesday. Asked about the issue, Joe Biden responded by saying that the stock…

France 24

Why Comera Life Sciences Shares Jumped 101%; Here Are 74 Biggest Movers From Yesterday

Gainers Akero Therapeutics, Inc. (NASDAQ: AKRO) shares jumped 136.8% to settle at $29.05 on Tuesday after the company's Phase 2b HARMONY study met its primary endpoint for both the 50mg and 28mg EFX dose groups.

Benzinga

Asian shares extend global rout, yen perks up on intervention hints

SYDNEY: Asian stocks tumbled on Wednesday as US data dashed hopes for an immediate peak in inflation, although the dollar paused its relentless run against the yen as Japan gave its strongest signal yet it was unhappy with the currency's sharp declines.

Bangkok Post

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UK inflation eases to 9.9% but remains close to 40-year high – as it happened

Inflation eases because of a fall in petrol prices while food prices rise at fastest rate since mid-2008, driven by milk, cheese and eggs

The Guardian - UK

Driven by consumers, US inflation grows more persistent

U.S. inflation is showing signs of entering a more stubborn phase that will likely require drastic action by the Federal Reserve, a shift that has panicked financial markets and heightens the risks of a recession

The Independent UK

Asian shares fall, tracking Wall St dismay over price data

Asian markets have skidded lower after Wall Street fell the most since June 2020 as a report showed inflation has kept a surprisingly strong grip on the U.S. economy

The Independent UK

Bitcoin, Ethereum, Dogecoin Crash After 'Scorching' Inflation Data: Analyst Says 'Writing Was On The Chart'

Bitcoin and Ethereum traded sharply lower Tuesday evening as the global cryptocurrency market cap plunged 7.5% to $986.4 billion at 8:26 p.m. EDT.

Benzinga

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Fed likely to stay the course on interest rate hike as inflation ticks up but gas prices ease

The Federal Reserve received mixed news in the latest data on U.S. inflation as it mulls another rate hike.

The Conversation

Inflation surprise puts onus on Fed to hit brakes even harder

The U.S. economy has shown surprising resilience in the face of the fastest inflation and interest-rate hikes in a generation. That means the Federal Reserve will have to stomp even harder on demand.

Tribune News Service

Yes Investors...It’s a Bear Market

Investors were once again foolishly bidding up stocks coming into the inflation report Tuesday morning. Bulls were slaughtered when they found out that inflation is not fading away and that likely spells more economic pain on the way as the Fed will need to stay on the rate hike war…

StockNews.com

ASX slumps, Wall St suffers biggest falls since 2020 after US inflation shock

An unexpected rise in US consumer prices sees global share markets take fright on worries about more aggressive interest rate rises by the US central bank. The Australian dollar plunges on a surging greenback.

ABC News

Stocks plummet. Dow drops nearly 1,300 points after worrying inflation data

All three indexes fell after worse-than-expected inflation data raised expectations the Fed will need to continue raising interest rates aggressively to bring prices under control.

WEKU

3 Pros On What 8.3% CPI Inflation Number Means For The Fed: 'A Strategic Error Of Epic Proportions'

The Labor Department on Tuesday reported an 8.3% year-over-year increase in the consumer price index for August, which sent the SPDR S&P 500 (NYSE: SPY) and the Invesco QQQ Trust (NASDAQ: QQQ) spiraling lower.

Benzinga

2 Leisure Stocks to Buy This Week

As inflation remains elevated, the Fed will likely raise the interest rates by another 75 basis points next week. This could induce further volatility in the market. So, we think investing in quality leisure stocks Playa Hotels & Resorts (PLYA) and Accel Entertainment (ACEL) could be wise. Read more.

StockNews.com

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The Guardian - UK

Faith in Ocado’s global revolution feels increasingly fragile

Having had too little capacity during the Covid crisis, the business now has too much

Benzinga

Microsoft Slides Following Bearish CPI Data: Here's The Bull, Bear Thesis

Microsoft Corporation (NASDAQ: MSFT) was sliding almost 4% lower on Tuesday in sympathy with the general markets, which saw the S&P 500 gap down and plunge about 3% lower.

Benzinga

What Are The Key Events In September To Look Out For? CPI, The Merge, FOMC & Vasil

September 2022 is going to be exciting. Although historically, this is a bad month for the stock markets. But it is not so for the crypto markets. In my humble opinion, there are a couple of key events that investors should be looking at very closely as they are all…

StockNews.com

3 Stocks to Avoid Even Though They're Ultra Popular on Wall Street

With the Federal Reserve’s hawkish stance to fight sky-high inflation and increasing odds of recession, fundamentally weak stocks may struggle to stay afloat in the near term. Thus, we think shares of NVIDIA (NVDA), Snap (SNAP), and Avaya Holdings (AVYA), even though they are ultra-popular on Wall Street, could be…

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StockNews.com

2 Potential Paths for the Stock Market

Labor Day is the unofficial end of summer. It's time to buckle down and get serious for the last 3 months of the year before things once again go on hiatus during the second half of December. Given the onslaught of news and historical developments, there's no reason to expect…

Tribune News Service

US inflation tops forecasts, cementing odds of big Fed hike

U.S. consumer prices were resurgent last month, dashing hopes of a nascent slowdown and likely assuring another historically large interest-rate hike from the Federal Reserve.

Tribune News Service

US inflation tops forecasts, cementing odds of big Fed hike

U.S. inflation was firmer than expected in August, likely keeping the Federal Reserve on track for a third-straight 75 basis-point interest-rate hike.

The Times of India

Soft landing for India means fast, if not fastest, growth

NEW DELHI: The Reserve Bank of India (RBI), which last month vowed to do “whatever it takes” to fight inflation, is expected to refocus efforts toward its own version of a soft landing where it tackles price gains while trying to ensure growth remains among the world’s fastest.

Benzinga

Why JPMorgan Stock Could Have More Upside Potential Than The S&P 500 With Inflation Data Ahead

After a spectacular 2021 in which it gained 29%, JPMorgan Chase & Co (NYSE: JPM) is suffering along with the S&P 500 index and is down 24% at $120.70.

Benzinga

Here's Why the CPI Report Will Dictate The Market Bottom

The Consumer Price Index (CPI) is the inflation gauge. Inflation is the rate at which prices are rising and in turn eroding your buying power. It's released by the U.S. Bureau of Labor Statistics (BLS) on a monthly basis. It measures the average rate of change in prices paid by…

The New Daily

Market Wrap: Hope for surge in consumer confidence as markets bounce back

The ASX200 spring-boarded into the weekend supported by the rebound on Wall Street, a solid June quarter and a dovish tilt from the RBA.

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