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The Latest Breaking News from US Federal Reserve

Fed hikes interest rates amid rampant inflation, despite recession risk

Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession.

France 24

US Fed hikes interest rate to highest level since 2008

Announcement sparks concern that fight to contain sky-high US inflation could tip the economy into a recession.

Al Jazeera

Federal Reserve raises interest rates by 0.75% in latest move to stem inflation

Interest rates at such high levels would make it harder for Americans to borrow money and for banks to lend it

The Independent UK

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US Stocks Edge Higher As Fed Raises Interest Rates By 75 Basis Points

U.S. stocks traded slightly higher toward the end of trading session on Wednesday following the announcement of interest rate decision by the Fed.

Benzinga

What Is APR?

Even for those who pay off their credit card balances every month, knowing your APR is a good credit habit.

Kiplinger

Fed delivers third-straight big hike, sees more increases ahead

Federal Reserve officials raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6% in 2023, stepping up their fight to curb inflation that’s persisted near the highest levels since the 1980s.

Tribune News Service

Powell signals more pain to come with Fed sending rates higher

Federal Reserve Chair Jerome Powell vowed officials would crush inflation after they raised interest rates by 75 basis points for a third straight time and signaled even more aggressive hikes ahead than investors had expected.

Tribune News Service

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Fed raises interest rate by 0.75 percentage points as US seeks to rein in inflation

Third outsized rate increase in a row as central bank struggles to fight runaway inflation, increasing the cost of everything

The Guardian - US

10 Things That Didn't Exist Last Time Interest Rates Were This High

This afternoon, the FOMC is expected to announce a 75-basis point (BPS) rate hike, bringing federal fund rates to the 300-325 BPS range. This means interest rates will be between 3-3.25% for the first time since before the financial crisis in 2007-2008. More specifically, the Fed began cutting rates in September…

Benzinga

Don’t Let These 2 Stocks Sink Your Portfolio in Q4

The cruise industry is struggling amid high inflation and the Fed’s aggressive interest rate hikes. Moreover, a slowing economy seems to be weighing on consumer demand. Hence, it might be best to avoid cruise stocks Carnival Corporation (CCL) and Norwegian Cruise (NCLH) for the rest of the year. Read on….

StockNews.com

Will Gold Survive Another Jumbo Rate Hike?

Will Gold Survive Another Jumbo Rate Hike? The key FOMC meeting ends soon. One thing is certain: after this event, the gold market won’t be the same. The Fed’s Projection Will Be Key for Gold

Benzinga

3 Stocks to Buy Now That Offer Steady and Reliable Income

Rising inflation and lingering recession concerns have necessitated the need to add a defensive layer to one’s portfolio. Therefore, it could be wise to invest in fundamentally strong dividend-paying stocks PepsiCo (PEP), Costco Wholesale Corp. (COST), and Comcast Corp. (CMCSA) to generate a steady and reliable income stream. Read on….

StockNews.com

3 Stocks to Avoid as Inflation Grows More Persistent

Inflation is growing more persistent and entrenched than expected. And the Fed’s aggressive rate hikes to tame inflation are raising the possibility of a recession. Hence it might be best to avoid fundamentally weak stocks, Royal Caribbean Cruises (RCL), Unity Software (U), and Bed Bath & Beyond (BBBY) now. Read…

StockNews.com

US Stocks Open Higher Ahead Of Fed Decision, Dow Jumps 175 Points

U.S. stocks traded higher this morning, with the Dow Jones gaining around 175 points on Wednesday. The Federal Reserve will announce its policy decision at 2:00 p.m. ET. The country’s central bank is widely expected to raise interest rates by 75 bps at the meeting. Fed Chairman Jerome Powell will…

Benzinga

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Benzinga

5 REITs That Suffered The Worst Losses Last Week

REITs joined the rest of the stock market last week in the steady selling of shares as investors began to anticipate the effects of higher interest rates. These five sold off the most and are worth watching ahead of Wednesday’s Federal Open Market Committee meeting where rate hikes may be…

Evening Standard

Pound slumps to 37-year low as UK interest bill soars to record £8.2 billion

Debt levels have soared to 96.6% of GDP as Britain sits on precipice of prolonged downturn

Reuters

Putin mobilises more troops for Ukraine

President Vladimir Putin on Wednesday ordered Russia's first mobilisation since World War Two, warning the West that if it continued what he called its "nuclear blackmail", Moscow would respond with the might of all its vast arsenal.

Evening Standard

Federal Reserve hikes US rates by 0.75% for third straight meeting

Bank of England in the spotlight after US central bank stops short of super-sized 1% hike

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news in one place.

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Benzinga

Nasdaq, S&P 500 Futures Show Cautious Optimism As All Eyes On Fed Decision Today For Market Direction

U.S. index futures point to a modestly higher open on Wednesday, as traders position themselves for the Fed rate decision due in the afternoon. The major averages declined Tuesday but closed off the lows of the session amid Fed jitters. The selling was across the board, with real estate, materials, consumer discretionary,…

The Times of India

Explainer: What if US economy goes into recession? How it may impact India

NEW DELHI: The US Federal Reserve is expected to lift interest rates by three-quarters of a percentage point for a third straight time on Wednesday and signal how much further and how fast borrowing costs may need to rise to tame a potentially corrosive outbreak of inflation.

Dynamite News

Bullion Market: Gold gains Rs 152; silver jumps Rs 333

In the international market, gold was trading higher at USD 1,671 per ounce while silver was flat at USD 19.35 per ounce. Read more on Dynamite News:

Asharq Al-Awsat

Oil Prices Surge More than 2% as Putin Mobilizes More Troops

Oil jumped more than 2% on Wednesday after Russian President Vladimir Putin announced a partial military mobilization, escalating the war in Ukraine and raising concerns of tighter oil and gas supply. Brent crude futures rose $2.28, or 2.5%, to $92.90 a barrel by 0707 GMT after falling $1.38 the previous…

WEKU

Fed orders another super-sized interest rate hike as it battles stubborn inflation

The Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices. The central bank also signaled that additional rate hikes are likely.

The Independent UK

Asian shares decline ahead of Fed decision on interest rates

Asian shares have mostly declined as investors looked ahead to a widely expected interest rate hike by the U.S. Federal Reserve in its bid to squash the highest inflation in decades

Evening Standard

FTSE 100 Live: US interest rates in big jump as Fed hikes by 0.75%

US interest rates are going up today in another big bound in the Federal Reserve‘s aggressive fight against inflation.

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